Canada Data Center Cooling Market Size & Outlook
Canada data center cooling market, 2018-2030 (US$M)
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Canada data center cooling market highlights
- The Canada data center cooling market generated a revenue of USD 2,016.6 million in 2023 and is expected to reach USD 6,421.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 18% 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 2,016.6 million |
| Market revenue in 2030 | USD 6,421.8 million |
| Growth rate | 18% (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, Canada accounted for 10.8% 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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Canada 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 32.4% in 2023. Horizon Databook has segmented the Canada 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 Canadian data center cooling market can be attributed to a rise in R&D endeavors and the increasing number of startups that develop sophisticated cooling systems. For instance, Infinidium Power, a Canadian business, claimed to have developed a new data center cooling system in 2022 to harness the heat produced by the servers positioned within it.
Infiniti Power states that with air cooling, its next generation datacenter cooling and power supply infrastructure can reduce capital and operating expenses by up to 50%. The infrastructure has a low-voltage DC smart nano grid that conserves energy by avoiding AC-to-DC conversion, as well as its compute containers known as the Vortex Vacuum Chamber.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada data center cooling market , including forecasts for subscribers. This country databook contains high-level insights into Canada data center cooling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada data center cooling market size, by product, 2018-2030 (US$M)
Canada Data Center Cooling Market Outlook Share, 2023 & 2030 (US$M)
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