U.S. Data Center Cooling Market Size & Outlook, 2023-2030
U.S. data center cooling market, 2018-2030 (US$M)
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U.S. data center cooling market highlights
- The U.S. data center cooling market generated a revenue of USD 4,446.6 million in 2023 and is expected to reach USD 8,517.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.7% 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.
Data center cooling market data book summary
| Market revenue in 2023 | USD 4,446.6 million |
| Market revenue in 2030 | USD 8,517.6 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Air conditioners |
| Fastest growing segment | Precision air conditioners |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 23.8% of the global data center cooling market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. data center cooling market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 6,421.8 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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U.S. 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 30.5% in 2023. Horizon Databook has segmented the U.S. 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 expansion of the U.S. data center cooling market can be attributed to the U.S. government's significant investments in data center cooling companies. For instance, in May 2023, the U.S. Department of Energy (DOE) granted USD 5 million to Nvidia to develop a data center cooling solution.
The solution combines twophase direct-to-chip and immersion cooling techniques using environmentally compliant per- and Polyfluorinated Alkyl Substances (PFAs) and low-GWP refrigerants.
Nvidia's financing is a component of the DOE's Cooling Operations Optimized for Leaps in Energy, Reliability and Carbon Hyper efficiency for Information Processing Systems (COOLERCHIPS) program, which has released funds to research centers, universities, HP Development Company, L.P., Flexnode, and Intel Corporation Federal programs.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. data center cooling market , including forecasts for subscribers. This country databook contains high-level insights into U.S. data center cooling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. data center cooling market size, by product, 2018-2030 (US$M)
U.S. Data Center Cooling Market Outlook Share, 2023 & 2030 (US$M)
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