North America Data Center Cooling Market Growing at 11% CAGR to hit $5 bn by 2024

North America Data Center Cooling Market demand exceeded $3bn in 2017 and the industry is expected to grow at 11% CAGR by 2024 owing to the increasing demand for IT infrastructure facilities and the need for reducing the infrastructure cost.

December 17, 2018 /MarketersMedia/ —

Graphical Research presents a most up-to-date report on “North America Data Center Cooling Market Size By Cooling Technique (Rack/Row Based, Room-Based), By Component (Solution {Chilling Unit, Air Conditioner, Cooling Tower, Control System, Economizer, Liquid Cooling System}, Service {Consulting, Maintenance & Support, Installation & Deployment}), By Application (IT & Telecom, BFSI, Retail, Energy & Utility, Healthcare, Colocation), Industry Forecast, 2018 – 2024”.

North America Data Center Cooling Market estimated to around USD 5 Billion by 2024. Growth in the computing capabilities led to increased power densities in the IT infrastructure facilities, driving the need for highly efficient cooling solutions. A large amount of data generated due to the rise in cloud computing and IoT connectivity are predicted to drive North America data center cooling market growth. The cooling solutions offered by the manufacturers provide an ambient environment in IT facilities along with effective functioning of the devices.

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The air conditioners are the most widely accepted cooling technology in the North America data center cooling market. Several advantages offered by these systems include minimal investments, ease-of-installation, and low maintenance. The solutions can be installed in the server room to manage the temperature and protect the electrical devices from getting damaged due to overheating. Such advantages are driving the adoption of these solutions in the North America data center cooling market.

The room-based cooling technology allows the integration of several external devices such as air conditioners, chillers, and cooling towers in the server rooms for managing the temperature. These devices allow the operators to secure their IT facilities from getting damaged without modifying the whole data center facilities as compared to the rack-based cooling. Computer Room Air Conditioners (CRAC) are used for performing such operations. It pushes the cold air around the perimeter of the room. Moreover, the integration of these systems is more affordable than other techniques, thereby accelerating the North America data center cooling market growth.

The BFSI sector is expected to witness a high adoption of these solutions in the North America data center cooling market owing to the increasing need to handle the critical customer transactions & information. The sector is generating a large volume of data due to the flexible account opening and loan options provided by several financial institutions, attracting new customers. Moreover, with the integration of large-scale facilities with the banking industry, the need for effective cooling solutions is increasing rapidly.

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Prominent companies in North America data center cooling market include Schneider Electric, Swegon AB, Rittal GmbH, Black Box Corporation, Vigilent Corporation, Nortek Air Solutions, AdaptivCOOL, and Airedale International Air Conditioning Ltd., among others. The players are targeting their offerings to the global companies, generating a large amount of business data.

Segments we Cover:

North America Data Center Cooling Market, By Component
• Solution
• Chilling unit
• Air conditioner
• Cooling tower
• Control system
• Economizer
• Liquid cooling system
• Others
• Service
• Consulting
• Maintenance & support
• Installation & deployment

North America Data Center Cooling Market, By Cooling Technique
• Rack/row based
• Room based

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North America Data Center Cooling Market, By Application
• IT & telecom
• BFSI
• Retail
• Energy & utility
• Healthcare
• Colocation
• Others

The above information is provided on a regional and country basis for the following:
• U.S.
• Canada
• Mexico

Related Reports:

1. Europe Data Center Cooling Market Size By Component (Solution {Chilling Unit, Air Conditioner, Cooling Tower, Control System, Economizer, Liquid Cooling System}, Service {Consulting, Maintenance & Support, Installation & Deployment}), By Cooling Technique (Rack/Row Based, Room Based), By Application (IT & Telecom, BFSI, Retail, Energy & Utility, Healthcare, Colocation), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024

2. Asia Pacific Data Center Cooling Market Size By Component (Solution {Chilling Unit, Air Conditioner, Cooling Tower, Control System, Economizer, Liquid Cooling System}, Service {Consulting, Maintenance & Support, Installation & Deployment}), By Cooling Technique (Rack/Row Based, Room Based), By Application (IT & Telecom, BFSI, Retail, Energy & Utility, Healthcare, Colocation), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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Website: https://www.graphicalresearch.com/industry-insights/1129/north-america-data-center-cooling-market

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