North America Data Center Cooling Market Report (2021–2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

August 2025 | 229 pages | ID: N57AB93C18DDEN
The Insight Partners

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The North America data center cooling market is projected to grow significantly, reaching approximately US$ 19,351.81 million by 2031, up from US$ 5,878.74 million in 2023, with an estimated compound annual growth rate (CAGR) of 16.1% from 2023 to 2031.

Executive Summary and Market Analysis


The data center cooling market in North America has experienced notable advancements, primarily driven by the increasing demand for cost-effective, energy-efficient, and environmentally friendly cooling solutions. This trend aligns with stringent conservation regulations set by government agencies. Companies are actively launching innovative products to support this growth. For example, in November 2023, Vertiv introduced the Vertiv SmartMod Max CW, a modular data center designed for rapid deployment, capable of handling up to 200kW of IT load while utilizing chilled water cooling to minimize environmental impact and enhance energy efficiency. This product reflects the growing need for efficient computing resources in the region.

In April 2024, Vertiv also unveiled AI-driven power and cooling solutions aimed at simplifying data center infrastructure selection and deployment. As AI and High-Performance Computing (HPC) reshape the data center landscape, the new Vertiv 360AI solutions are designed to meet the higher cooling and power demands of advanced computing systems, promising up to twice the speed of traditional infrastructure installation. This highlights North America's pivotal role in advancing data center infrastructure and cooling technologies.

Market Segmentation Analysis


The North America data center cooling market can be segmented by component, cooling type, data center type, and industry vertical:
  • Component: The market includes air conditioning systems, chillers, air handling units, cooling towers, heat exchangers, humidifiers, and others. In 2023, air conditioning systems held the largest market share.
  • Cooling Type: The market is divided into room-based, row-based, and rack-based cooling, with room-based cooling leading in market share in 2023.
  • Data Center Type: Segmented into hyperscale, colocation, wholesale, and enterprise data centers, the hyperscale segment dominated in 2023.
  • Industry Vertical: The market includes IT and telecom, BFSI, healthcare, manufacturing, government and defense, media and entertainment, retail, energy, and others, with IT and telecom holding the largest share in 2023.
Market Outlook


The push for decarbonization, climate change concerns, and the need for powerful computing are driving organizations to invest in energy-efficient cooling technologies for data centers. The demand for effective cooling solutions is increasing as data centers expand to meet growing workloads and storage needs. Significant investments in data centers are indicative of this trend. For instance, in January 2024, Vantage Data Centers announced a US$ 6.4 billion equity investment led by DigitalBridge Group and Silver Lake, reflecting the rising demand for hyperscale data centers and the associated cooling solutions.

In the first five months of 2024, global investments in data centers reached US$ 22 billion, following a record US$ 36 billion in 2023. Notable investments include Google’s US$ 2.3 billion commitment to its data center campuses in Central Ohio and Microsoft’s US$ 3.3 billion investment in a new AI data center, which is expected to create thousands of jobs. Additionally, NTT DATA announced investments in its American data center business, further underscoring the growing demand for advanced cooling solutions.

Country Insights


The North America data center cooling market comprises the US, Canada, and Mexico, with the US holding the largest market share in 2023. US data centers utilize various cooling solutions to manage the heat generated by numerous servers. While traditional air cooling methods are common, there is a shift towards more efficient technologies such as precision cooling units, liquid cooling, and direct air cooling. Companies like Alfa Laval, Schneider Electric, and Munters are leading the way in providing advanced cooling solutions. The industry is also exploring innovative technologies, including AI-driven smart cooling systems and geothermal cooling methods, to enhance sustainability and energy efficiency.

Company Profiles


Key players in the North America data center cooling market include Asetek, Mitsubishi Corp, Stulz SpA, Vertiv Group, Aspen Systems, Daikin Industries, Delta Electronics, and Schneider Electric, among others. These companies are employing strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative solutions to customers.
1. INTRODUCTION

1.1 Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Secondary Research
3.2 Primary Research
  3.2.1 Hypothesis formulation:
  3.2.2 Macroeconomic factor analysis:
  3.2.3 Developing base number:
  3.2.4 Data Triangulation:
  3.2.5 Country-level data:

4. NORTH AMERICA DATA CENTER COOLING MARKET LANDSCAPE

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 List of Vendors in the Value Chain

5. NORTH AMERICA DATA CENTER COOLING MARKET – KEY MARKET DYNAMICS

5.1 Market Drivers
  5.1.1 Increasing Demand for Compute-Intensive Workloads
  5.1.2 Rising Investments in Data Centers
5.2 Market Restraints
  5.2.1 High Cost Associated with Data Center Cooling
5.3 Market Opportunities
  5.3.1 Advancements in Liquid Cooling Technologies
  5.3.2 Growing Incorporation of Data Center Cooling Robots
5.4 Trends
  5.4.1 AI-Optimized Cooling and Quieter Cooling Solutions
5.5 Impact of Drivers and Restraints:

6. DATA CENTER COOLING MARKET – NORTH AMERICA ANALYSIS

6.1 North America Data Center Cooling Market Revenue (US$ Million), 2021–2031
6.2 North America Data Center Cooling Market Forecast Analysis

7. NORTH AMERICA DATA CENTER COOLING MARKET ANALYSIS – BY COMPONENT

7.1 Air Conditioning System
  7.1.1 Overview
  7.1.2 Air Conditioning System: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.2 Chillers
  7.2.1 Overview
  7.2.2 Chillers: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.3 Air Handling Units
  7.3.1 Overview
  7.3.2 Air Handling Units: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.4 Cooling Towers
  7.4.1 Overview
  7.4.2 Cooling Towers: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.5 Heat Exchangers
  7.5.1 Overview
  7.5.2 Heat Exchangers: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.6 Humidifiers
  7.6.1 Overview
  7.6.2 Humidifiers: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.7 Others
  7.7.1 Overview
  7.7.2 Others: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)

8. NORTH AMERICA DATA CENTER COOLING MARKET ANALYSIS – BY COOLING TYPE

8.1 Room Based Cooling
  8.1.1 Overview
  8.1.2 Room Based Cooling: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
8.2 Row Based Cooling
  8.2.1 Overview
  8.2.2 Row Based Cooling: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
8.3 Rack Based Cooling
  8.3.1 Overview
  8.3.2 Rack Based Cooling: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)

9. NORTH AMERICA DATA CENTER COOLING MARKET ANALYSIS – BY DATA CENTER TYPE

9.1 Hyperscale Data Center
  9.1.1 Overview
  9.1.2 Hyperscale Data Center: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.2 Colocation Data Center
  9.2.1 Overview
  9.2.2 Colocation Data Center: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.3 Wholesale Data Center
  9.3.1 Overview
  9.3.2 Wholesale Data Center: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.4 Enterprise Data Center
  9.4.1 Overview
  9.4.2 Enterprise Data Center: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)

10. NORTH AMERICA DATA CENTER COOLING MARKET ANALYSIS – BY INDUSTRY VERTICAL

10.1 IT and Telecom
  10.1.1 Overview
  10.1.2 IT and Telecom: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.2 BFSI
  10.2.1 Overview
  10.2.2 BFSI: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.3 Healthcare
  10.3.1 Overview
  10.3.2 Healthcare: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.4 Manufacturing
  10.4.1 Overview
  10.4.2 Manufacturing: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.5 Government and Defense
  10.5.1 Overview
  10.5.2 Government and Defense: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.6 Media and Entertainment
  10.6.1 Overview
  10.6.2 Media and Entertainment: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.7 Retail
  10.7.1 Overview
  10.7.2 Retail: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.8 Energy
  10.8.1 Overview
  10.8.2 Energy: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.9 Others
  10.9.1 Overview
  10.9.2 Others: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)

11. NORTH AMERICA DATA CENTER COOLING MARKET – COUNTRY ANALYSIS

11.1 North America
  11.1.1 North America Data Center Cooling Market Overview
  11.1.2 North America Data Center Cooling Market – Revenue and Forecast Analysis – by Country
    11.1.2.1 North America Data Center Cooling Market – Revenue and Forecast Analysis – by Country
    11.1.2.2 United States: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
    11.1.2.2.1 United States: North America Data Center Cooling Market Share – by Component
    11.1.2.2.2 United States: North America Data Center Cooling Market Share – by Cooling Type
    11.1.2.2.3 United States: North America Data Center Cooling Market Share – by Data Center Type
    11.1.2.2.4 United States: North America Data Center Cooling Market Share – by Industry Vertical
    11.1.2.3 Canada: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
    11.1.2.3.1 Canada: North America Data Center Cooling Market Share – by Component
    11.1.2.3.2 Canada: North America Data Center Cooling Market Share – by Cooling Type
    11.1.2.3.3 Canada: North America Data Center Cooling Market Share – by Data Center Type
    11.1.2.3.4 Canada: North America Data Center Cooling Market Share – by Industry Vertical
    11.1.2.4 Mexico: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
    11.1.2.4.1 Mexico: North America Data Center Cooling Market Share – by Component
    11.1.2.4.2 Mexico: North America Data Center Cooling Market Share – by Cooling Type
    11.1.2.4.3 Mexico: North America Data Center Cooling Market Share – by Data Center Type
    11.1.2.4.4 Mexico: North America Data Center Cooling Market Share – by Industry Vertical

12. COMPETITIVE LANDSCAPE

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning and Concentration

13. INDUSTRY LANDSCAPE

13.1 Overview
13.2 Market Initiative
13.3 Partnerships and Collaborations
13.4 Other Developments

14. COMPANY PROFILES

14.1 Asetek, Inc
  14.1.1 Key Facts
  14.1.2 Business Description
  14.1.3 Products and Services
  14.1.4 Financial Overview
  14.1.5 SWOT Analysis
  14.1.6 Key Developments
14.2 Mitsubishi Corp
  14.2.1 Key Facts
  14.2.2 Business Description
  14.2.3 Products and Services
  14.2.4 Financial Overview
  14.2.5 SWOT Analysis
  14.2.6 Key Developments
14.3 Stulz SpA
  14.3.1 Key Facts
  14.3.2 Business Description
  14.3.3 Products and Services
  14.3.4 Financial Overview
  14.3.5 SWOT Analysis
  14.3.6 Key Developments
14.4 Vertiv Group Corp.
  14.4.1 Key Facts
  14.4.2 Business Description
  14.4.3 Products and Services
  14.4.4 Financial Overview
  14.4.5 SWOT Analysis
  14.4.6 Key Developments
14.5 Aspen Systems, LLC.
  14.5.1 Key Facts
  14.5.2 Business Description
  14.5.3 Products and Services
  14.5.4 Financial Overview
  14.5.5 SWOT Analysis
  14.5.6 Key Developments
14.6 Daikin Industries Ltd
  14.6.1 Key Facts
  14.6.2 Business Description
  14.6.3 Products and Services
  14.6.4 Financial Overview
  14.6.5 SWOT Analysis
  14.6.6 Key Developments
14.7 Delta Electronics Inc
  14.7.1 Key Facts
  14.7.2 Business Description
  14.7.3 Products and Services
  14.7.4 Financial Overview
  14.7.5 SWOT Analysis
  14.7.6 Key Developments
14.8 Danfoss AS
  14.8.1 Key Facts
  14.8.2 Business Description
  14.8.3 Products and Services
  14.8.4 Financial Overview
  14.8.5 SWOT Analysis
  14.8.6 Key Developments
14.9 Motivair Corporation
  14.9.1 Key Facts
  14.9.2 Business Description
  14.9.3 Products and Services
  14.9.4 Financial Overview
  14.9.5 SWOT Analysis
  14.9.6 Key Developments
14.10 Madison Industries
  14.10.1 Key Facts
  14.10.2 Business Description
  14.10.3 Products and Services
  14.10.4 Financial Overview
  14.10.5 SWOT Analysis
  14.10.6 Key Developments
14.11 Fujitsu Ltd
  14.11.1 Key Facts
  14.11.2 Business Description
  14.11.3 Products and Services
  14.11.4 Financial Overview
  14.11.5 SWOT Analysis
  14.11.6 Key Developments
14.12 Rittal GmbH & Co KG
  14.12.1 Key Facts
  14.12.2 Business Description
  14.12.3 Products and Services
  14.12.4 Financial Overview
  14.12.5 SWOT Analysis
  14.12.6 Key Developments
14.13 Schneider Electric SE
  14.13.1 Key Facts
  14.13.2 Business Description
  14.13.3 Products and Services
  14.13.4 Financial Overview
  14.13.5 SWOT Analysis
  14.13.6 Key Developments
14.14 Trane Technologies Plc
  14.14.1 Key Facts
  14.14.2 Business Description
  14.14.3 Products and Services
  14.14.4 Financial Overview
  14.14.5 SWOT Analysis
  14.14.6 Key Developments
14.15 Black Box Corporation
  14.15.1 Key Facts
  14.15.2 Business Description
  14.15.3 Products and Services
  14.15.4 Financial Overview
  14.15.5 SWOT Analysis
  14.15.6 Key Developments
14.16 Carrier Global Corp
  14.16.1 Key Facts
  14.16.2 Business Description
  14.16.3 Products and Services
  14.16.4 Financial Overview
  14.16.5 SWOT Analysis
  14.16.6 Key Developments
14.17 Alfa Laval AB
  14.17.1 Key Facts
  14.17.2 Business Description
  14.17.3 Products and Services
  14.17.4 Financial Overview
  14.17.5 SWOT Analysis
  14.17.6 Key Developments
14.18 Hewlett Packard Enterprise Development LP
  14.18.1 Key Facts
  14.18.2 Business Description
  14.18.3 Products and Services
  14.18.4 Financial Overview
  14.18.5 SWOT Analysis
  14.18.6 Key Developments
14.19 Boyd Corp
  14.19.1 Key Facts
  14.19.2 Business Description
  14.19.3 Products and Services
  14.19.4 Financial Overview
  14.19.5 SWOT Analysis
  14.19.6 Key Developments
14.20 Evapco Inc
  14.20.1 Key Facts
  14.20.2 Business Description
  14.20.3 Products and Services
  14.20.4 Financial Overview
  14.20.5 SWOT Analysis
  14.20.6 Key Developments

15. APPENDIX

15.1 About Us
15.2 List of Abbreviations
LIST OF TABLES

Table 1. North America Data Center Cooling Market Segmentation
Table 2. List of Vendors
Table 3. North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Table 4. North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Component
Table 5. North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Cooling Type
Table 6. North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Data Center Type
Table 7. North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Industry Vertical
Table 8. North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Country
Table 9. United States: North America Data Center Cooling Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Component
Table 10. United States: North America Data Center Cooling Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Cooling Type
Table 11. United States: North America Data Center Cooling Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Data Center Type
Table 12. United States: North America Data Center Cooling Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Industry Vertical
Table 13. Canada: North America Data Center Cooling Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Component
Table 14. Canada: North America Data Center Cooling Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Cooling Type
Table 15. Canada: North America Data Center Cooling Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Data Center Type
Table 16. Canada: North America Data Center Cooling Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Industry Vertical
Table 17. Mexico: North America Data Center Cooling Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Component
Table 18. Mexico: North America Data Center Cooling Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Cooling Type
Table 19. Mexico: North America Data Center Cooling Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Data Center Type
Table 20. Mexico: North America Data Center Cooling Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Industry Vertical
Table 21. List of Abbreviations


LIST OF FIGURES

Figure 1. North America Data Center Cooling Market Segmentation – Country
Figure 2. PEST Analysis
Figure 3. Ecosystem Analysis
Figure 4. North America Data Center Cooling Market – Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. North America Data Center Cooling Market Revenue (US$ Million), 2021–2031
Figure 7. North America Data Center Cooling Market Share (%) – by Component (2023 and 2031)
Figure 8. Air Conditioning System: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 9. Chillers: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 10. Air Handling Units: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 11. Cooling Towers: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 12. Heat Exchangers: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 13. Humidifiers: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 14. Others: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 15. North America Data Center Cooling Market Share (%) – by Cooling Type (2023 and 2031)
Figure 16. Room Based Cooling: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 17. Row Based Cooling: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 18. Rack Based Cooling: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 19. North America Data Center Cooling Market Share (%) – by Data Center Type (2023 and 2031)
Figure 20. Hyperscale Data Center: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 21. Colocation Data Center: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 22. Wholesale Data Center: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 23. Enterprise Data Center: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 24. North America Data Center Cooling Market Share (%) – by Industry Vertical (2023 and 2031)
Figure 25. IT and Telecom: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 26. BFSI: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 27. Healthcare: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 28. Manufacturing: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 29. Government and Defense: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 30. Media and Entertainment: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 31. Retail: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 32. Energy: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 33. Others: North America Data Center Cooling Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 34. North America Data Center Cooling Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 35. United States: North America Data Center Cooling Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 36. Canada: North America Data Center Cooling Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 37. Mexico: North America Data Center Cooling Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 38. Heat Map Analysis by Key Players
Figure 39. Company Positioning and Concentration


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