Published Date: 2022-01-13
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North American Data Center Cooling Market size is estimated to cross USD 9 billion by 2027, according to a latest forecast report by Graphical Research.
The market growth is owing to rising hyper-scale data center projects in the region. With growing digital transformation in organizations, the utilization of data centers for the storage & processing of information has increased.
The coronavirus pandemic has negatively affected the data center cooling industry growth. Government authorities have imposed stringent lockdown measures to reduce the spread of COVID-19, causing the closure of facilities & industries. The market witnessed gradual recovery from the economic fall in the later stage of 2020, which is attributed to the relaxation in lockdown norms and progressive vaccination drives. With the development in economic activities, organizations will focus on data center construction to cater to the growing digital transformation.
Browse detailed statistical insights from the report, “North America Data Center Cooling Market Forecast 2027 By Service {Consulting, Maintenance & Support, Installation & Deployment}), By Component (Solution {Air Conditioner, Chilling Unit [Air-cooled, Water-cooled, Glycol-cooled], Cooling Tower, Control System, Economizer [Condensing, Non-condensing], Liquid Cooling System [Direct-To-Chip, Immersive]}, By Cooling Technique (Rack/Row-based, Room-based), By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1129/north-america-data-center-cooling-market
Technological advancements will support the growth of immersion cooling solutions in the data center industry. With a rising demand for digital solutions, data traffic has increased, boosting the requirement for data centers. To maintain site functionalities, companies are investing in R&D activities to introduce advanced cooling techniques. For instance, in August 2021, Intel Corporation & Submer Technologies partnered to jointly develop precision immersion cooling fluids for upcoming data centers. The aim is to validate the reuse of waste heat generated from the compute elements in the facility. Through this, the industry standards for the implementation of immersion cooling will accelerate.
The developing government sector will accelerate the market revenue. To reduce the disruptions caused due to cyber-attacks, pandemics, biological threats & climate shocks, the administration is focusing on improving supply chain technologies. In February 2021, the federal government issued an executive order to strengthen the distribution network & production capacity of governing agencies in the country through the implementation of advanced technologies such as AI, IoT & machine learning. The rising adoption of such solutions will increase the need for data centers to manage information.
The data center cooling in North American market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:
North America Market, By Component
North America Market, By Cooling Technique
North America Market, By Application
The above information has been provided for the following countries:
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