The data center cooling market has garnered USD 10,783.5 million in revenue in 2023, and it is projected to rise at the rate of 11% from 2023 to 2030, to capture USD 22,404.3 million by 2030.

There is a substantial rise in the pace of data center deployment because of the rising need for added storage volume, to house the enormous sizes of data being produced. According to the newest edition of the Ericsson Mobility Report, monthly mobile information traffic stood at 93 Exabytes in 2022, and it is projected to touch 329 Exabytes every month by 2028.

The acceptance of progressive technologies, like Industry 4.0, and the Internet of things, are significantly enhancing data center expenditure. Their arrival has encouraged several businesses to embark on digital alteration, therefore further growing the requirement for advanced data centers that provide fast scalability, deployment, availability, flexibility, and security. This trend encourages the making of tier IV and hyperscale data centers, which have an enormous storage capacity and must function nonstop, with nearly no downtime.

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The air conditioning category is leading the data center cooling market, on the basis of solution, and the market is also projected to showcase substantial development in the future as well. Closely packed data brackets produce substantial quantities of heat, making air conditioners crucial for upholding the needed temperature levels and guaranteeing appropriate system functionality. Air conditioners work as effective heat exchangers, upholding ideal room temperatures in delicate environments.

Worldwide, North America dominates the data center cooling industry, and it is estimated to continue to progress at a substantial rate in the years to come. The development in this continent is mainly credited to the significant existence of colocation service providers in Canada and the U.S.

Furthermore, the increasing need for software and services provided through the cloud and the growing data center rental activities, particularly in northern Virginia, is projected to fuel the industry growth. Moreover, the steady shift in the assignment toward hosting businesses providing cloud and colocation services will significantly affect the data center cooling industry in Canada.