United States Data Center Cooling Market Size
The United States Data Center Cooling Market is projected to grow significantly, from US$ 4.37 Billion in 2023 to US$ 14.49 Billion by 2032, with a compound annual growth rate (CAGR) of 14.26% between 2024 and 2032. This expansion is driven by the sharp rise in data generation and the increasing demand for data centers as companies embrace big data analytics, cloud computing, and Industry 4.0 technologies to enhance operational efficiency and safeguard critical data.
United States Data Center Cooling Overview
Data centers play a vital role in enabling firms to centralize networking, data storage, and backup. As companies generate large amounts of data, the demand for enhanced computing capabilities and energy-efficient cooling systems has risen. The resulting higher energy consumption has spurred concerns about the environmental and financial impact, driving the need for optimized cooling solutions.
The expansion of data centers in the U.S. has been significantly influenced by the growing adoption of big data analytics, cloud computing, and artificial intelligence (AI). These technologies generate more heat, especially in larger, more complex data centers, which underscores the importance of effective cooling systems.
One key factor driving this market growth is the United States government’s investment in data center cooling enterprises. For example, in May 2023, Nvidia received a USD 5 million grant from the U.S. Department of Energy (DOE) to develop a data center cooling solution that utilizes low-GWP refrigerants and environmentally friendly substances. This investment is part of the DOE’s COOLERCHIPS program, which funds federal programs for companies like Intel, Flexnode, L.P., and HP Development Company.
Key Market Features
|
Report Features |
Details |
|
Base Year |
2023 |
|
Forecast Years |
2024 – 2032 |
|
Historical Years |
2019 – 2023 |
|
Market Size in 2023 |
US$ 4.37 Billion |
|
Market Forecast in 2032 |
US$ 14.49 Billion |
|
Market Growth Rate |
14.26% CAGR (2024-2032) |
Growth Drivers
1. Increasing Usage of Big Data and Cloud Computing
The surge in cloud computing and big data analytics has significantly driven the demand for data centers in the United States. Businesses now rely on robust data centers to store, manage, and analyze vast volumes of data. Consequently, effective cooling systems are required to maintain optimal operating temperatures and ensure the reliable operation of data center equipment.
2. Edge Computing and Distributed Data Centers
The rise of edge computing has accelerated the construction of smaller, distributed data centers near end users. This trend is expected to drive the need for creative and cost-effective cooling solutions in the U.S. market.
3. AI Adoption and Hyperscale Data Centers
The increasing adoption of AI, especially for tasks requiring intense data processing, is driving demand for hyperscale data centers. These centers are essential for AI workloads, and the trend is expected to nearly triple data center capacity over the next six years. As AI investments grow, the need for advanced cooling systems, such as liquid immersion cooling, will also increase.
Key Company Analysis
Major players in the United States Data Center Cooling Market include:
· Schneider Electric SE
· Stulz GmbH
· Rittal GmbH & Co. KG
· Vertiv Group Corp.
· Asetek A/S
· Hitachi
· Emerson Electric
· Netmagic
Company News and Developments
· January 2024: Aligned Data Centers announced the launch of DeltaFlow, a liquid cooling technology designed to enhance cooling efficiency.
· November 2023: Vertiv introduced Vertiv SmartMod Max CW, a modular data center designed for rapid deployment.
· October 2023: ThermalWorks announced the global release of a waterless cooling system for data centers.
· October 2023: ExxonMobil launched new immersion cooling fluids at the Open Compute Project (OCP) Global Summit.
Market Segmentation
1. Solution Type:
o Air Conditioning
o Chilling Units
o Cooling Towers
o Economizer Systems
o Liquid Cooling Systems
o Control Systems
o Others
2. Service Type:
o Consulting
o Installation and Deployment
o Maintenance and Support
3. Cooling Types:
o Room-Based Cooling
o Row-Based Cooling
o Rack-Based Cooling
4. Cooling Technology:
o Liquid-Based Cooling
o Air-Based Cooling
5. Data Center Types:
o Mid-Sized Data Centers
o Enterprise Data Centers
o Large Data Centers
6. Industry Verticals:
o BFSI (Banking, Financial Services, and Insurance)
o IT and Telecom
o Research and Educational Institutes
o Government and Defense
o Retail
o Energy
o Healthcare
o Others
About the Company
Renub Research is a market research and information analysis company with over 15 years of experience. Specializing in a wide range of markets, Renub Research provides companies with insights to make informed business decisions. Having published more than 9000 syndicated reports and conducted over 750 custom research projects, Renub supports major firms across various industries.
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