North America Data Center Cooling Market Size & Outlook
North America data center cooling market, 2018-2030 (US$M)
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North America data center cooling market highlights
- The North America data center cooling market generated a revenue of USD 6,463.2 million in 2023.
- The market is expected to grow at a CAGR of 12.7% from 2024 to 2030.
- In terms of segment, air conditioners was the largest revenue generating product in 2023.
- Precision air conditioners is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 6,463.2 million |
| Market revenue in 2030 | USD 14,939.3 million |
| Growth rate | 12.7% (CAGR from 2023 to 2030) |
| Largest segment | Air conditioners |
| Fastest growing segment | Precision air conditioners |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air Conditioners, Precision air conditioners, Chillers, Air Handling Units |
| Key market players worldwide | Fujitsu Ltd, Hitachi Ltd, Johnson Controls International PLC, Mitsubishi Electric Corp, Dell Technologies Inc Ordinary Shares - Class C, Air Enterprises, LLC., Asetek, Nortek Air Solutions |
Other key industry trends
- In terms of revenue, North America region accounted for 34.7% of the global data center cooling market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 25,424.7 million by 2030.
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Data Center Cooling Market Scope
Data Center Cooling Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America data center cooling market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to data center cooling market will help companies and investors design strategic landscapes.
Air conditioners was the largest segment with a revenue share of 31.09% in 2023. Horizon Databook has segmented the North America data center cooling market based on air conditioners, precision air conditioners, chillers, air handling units covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the market in North America can be attributed to the efforts taken by local governments to invest in the data center cooling market. In May 2023, the U.S. Department of Energy (DOE) announced its plan to provide USD 40 million in funding for 15 projects aimed at developing energy-efficient, highperformance cooling solutions for data centers.
Data centers, which are utilized to house computers, storage devices, and computing infrastructure, consume approximately 2% of the nation's electricity, with data center cooling accounting for up to 40% of the total energy used in data centers.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America data center cooling market , including forecasts for subscribers. This continent databook contains high-level insights into North America data center cooling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America data center cooling market size, by country, 2018-2030 (US$M)
North America Data Center Cooling Market Outlook Share, 2023 & 2030 (US$M)
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