Dublin, Nov. 28, 2024 (GLOBE NEWSWIRE) -- The "United States Data Center Cooling Market Forecast Report by Solution, Services, Cooling Types, Cooling Technology, Data Center Types, Industry and Company Analysis 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The United States Data Center Cooling market is expected to reach US$ 4.37 Billion in 2023 to US$ 14.49 Billion by 2032, with a CAGR of 14.26% from 2024 to 2032
The market size is expected to expand at a promising rate due to the swift rise in data generation and the consequent increase in demand for data centers. Numerous IT companies will need to rely on big data analytics to boost operational efficiency while protecting their data as the number of connected devices rises and Industry 4.0 standards continue to develop.
Due to a number of important factors, the data center cooling market has grown significantly in recent years. United States data center expansion is a result of the rising need for big data analytics, cloud computing, and artificial intelligence. The technology within these data centers generates more heat as they get bigger and more complicated, which emphasizes the critical need for effective cooling solutions.
The market's growth can be ascribed to the United States government's substantial investments 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 create a data center cooling solution. The method uses low-GWP refrigerants and environmentally acceptable per- and polyfluorinated alkyl substances (PFAs) in combination with two-phase direct-to-chip and immersion cooling approaches.
Nvidia's funding is part of the DOE's COOLERCHIPS program (Cooling Operations Optimized for Leaps in Energy, Reliability and Carbon Hyper efficiency for Information Processing Systems), which has released funds to federal programs run by Intel Corporation, research centers, universities, Flexnode, L.P., and HP Development Company. Nvidia has contributed more than any other company to a DOE initiative with their USD 5 million award.
Growth Drivers for the United States Data Center Cooling Market
The need for the U.S. data center cooling business to grow is being driven by the growing usage of big data analytics and cloud computing.
The need for data centers is rising due in large part to the growing usage of cloud computing and big data analytics, which is also propelling the expansion of the data center cooling market in the United States. Businesses need strong data centers to store, handle, and analyze the massive amounts of data they generate as more shift their activities to the cloud. Effective cooling systems are necessary to maintain ideal operating temperatures, avoid overheating, and guarantee the equipment's dependable operation because these data centers produce a lot of heat.
Growing AI Adoption Will Increase Demand for Cutting-Edge Cooling Systems
Hyperscale data center sizes are expected to rise dramatically as a result of the AI sector. Although hyperscale data center development has not been entirely offset by current AI investments, in the next six years, it is anticipated that the capacity of these data centers - particularly for AI workloads - will nearly treble.
Artificial Intelligence (AI) is becoming more popular, particularly for New York-based financial applications. In order to understand financial use cases and get ready for the required rules, the New York Department of Financial Services is buying a supercomputer.
With the increasing use of AI workloads, liquid cooling is becoming more and more significant. An effective way to cool down powerful computers and dense hardware sets is through liquid immersion and greater warmth caused by higher rack densities in data centers.
United States Data Center Cooling Company News
- In January 2024, the debut of Aligned Data Centers' DeltaFlow liquid cooling technology was announced. Aligned Data Centers is a technological infrastructure firm that provides creative and adaptable Scale Data Centers and Build-to-Scale solutions for global hyper-scale and enterprise customers.
- In November 2023, in order to meet the increased demand for quick deployment of computing, Vertiva, a global provider of key digital infrastructure and continuity solutions, introduced Vertiv SmartMod Max CW, a prefabricated modular data center.
- In October 2023, ThermalWorks, an Endeavour company, has announced the global launch of its cutting-edge waterless cooling system designed for the rapidly evolving data center market.
- In October 2023, EM DC 3152/3150/315, 3220, 3235 Super, 3250, 1150, and 1210 (AP) are among the data center immersion cooling fluids that ExxonMobil introduced at the Open Compute Project (OCP) Global Summit in San Jose, California.
United States Data Center Cooling Company Analysis: Overview, Key Personnel, Recent Developments & Strategies, Product Portfolio & Product Launches, Revenue
- Schneider Electric SE
- Stulz GmbH
- Rittal GmbH & Co. KG
- Vertiv Group Corp.
- Asetek A/S
- Hitachi
- Emerson Electric
- Netmagic
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 95 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $4.37 Billion |
| Forecasted Market Value (USD) by 2032 | $14.49 Billion |
| Compound Annual Growth Rate | 14.2% |
| Regions Covered | United States |
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. United States Data Center Cooling Market
6. Market Share Analysis
6.1 By Solution
6.2 By Services
6.3 By Cooling Types
6.4 By Cooling Technology
6.5 By Data Center Types
6.6 By Industry
7. Solution
7.1 Air Conditioning
7.2 Chilling Units
7.3 Cooling Towers
7.4 Economizer Systems
7.5 Liquid Cooling Systems
7.6 Control Systems
7.7 Others
8. Services
8.1 Consulting
8.2 Installation and Deployment
8.3 Maintenance and Support
9. Cooling Types
9.1 Room-Based Cooling
9.2 Row-Based Cooling
9.3 Rack-Based Cooling
10. Cooling Technology
10.1 Liquid-Based Cooling
10.2 Air-Based Cooling
11. Data Center Types
11.1 Mid-Sized Data Centers
11.2 Enterprise Data Centers
11.3 Large Data Centers
12. Industry
12.1 BFSI
12.2 IT and Telecom
12.3 Research and Educational Institutes
12.4 Government and Defense
12.5 Retail
12.6 Energy
12.7 Healthcare
12.8 Others
13. Porters Five Forces
13.1 Bargaining Power of Buyer
13.2 Bargaining Power of Supplier
13.3 Threat of New Entrants
13.4 Rivalry among Existing Competitors
13.5 Threat of Substitute Products
14. SWOT Analysis
14.1 Strengths
14.2 Weaknesses
14.3 Opportunities
14.4 Threats
15. Key Players Analysis
For more information about this report visit https://www.researchandmarkets.com/r/80r3ho
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