Canada Data Center Cooling Market Insights Forecasts to 2033

• The Canada Data Center Cooling Market Size was valued at USD 390.5 Million in 2023.
• The Market Size is Growing at a CAGR of 9.81% from 2023 to 2033
• The Canada Data Center Cooling Market Size is Expected to reach USD 995.5 Million by 2033

The Canada Data Center Cooling Market Size is anticipated to Exceed USD 995.5 Million by 2033, Growing at a CAGR of 9.81% from 2023 to 2033. The increasing adoption of cloud computing & big data technologies, environmental regulations & energy efficiency standards, demand for edge computing, and technological advancements are driving the growth of the data center cooling market in the Canada.      

Market Overview

Data center cooling is a system that maintains the ideal operating environment for all equipment in a data center. Calibrated vectored cooling (CVC), chilled water system, cold aisle hot aisle containment, computer room air conditioner (CRAC), computer room air handler (CRAH), computer room air handler (CRAH), direct-to-chip cooling, and evaporative cooling are some of the cooling technologies used to maintain data center environment. The advancement in liquid cooling technologies with the aim to address high-density heat and simultaneously enhance cooling efficiency are accelerating the market growth opportunities. Further, the integration of modular models in district cooling projects enables more energy-efficient and sustainable cooling escalating the data center cooling market.

Report Coverage

This research report categorizes the market for the Canada data center cooling market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada data center cooling market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada data center cooling market.

Driving Factors

The growing adoption of cloud computing and big data technologies is driving the data center cooling market. The rise of green data centers, which optimize energy use and reduce environmental effect by utilizing energy-efficient technologies are driving the market expansion. Innovative cooling solutions are utilized by cutting-edge cooling technologies like liquid cooling, variable-speed compressors, and energy recovery systems are propelling the market growth

Restraining Factors

The high capital and operational costs of advanced cooling technologies are challenging the Canada data center cooling market. Further, the technical complexity of advanced cooling systems and the specialized knowledge required for proper installation, operation, and maintenance are expected to hamper the market growth.

Market Segmentation

The Canada Data Center Cooling Market share is classified into product, data center type, cooling technique, and industry.

• The air handling unit segment dominates the market with the largest market share during the forecast period.

The Canada data center cooling market is segmented by product into air conditioners, precision air conditioners, liquid cooling, air handling unit, chillers, and others. Among these, the air handling unit segment dominates the market with the largest market share during the forecast period. Air handling units effectively circulate and condition enormous volumes of air, guaranteeing continuous cooling throughout the building. The increasing application of air handling in data centers to deal with the heat produced by equipment is driving the market.

• The small scale segment accounted for the largest market share during the forecast period.

The Canada data center cooling market is segmented by data center type into large scale, medium scale, and small scale. Among these, the small scale segment accounted for the largest market share during the forecast period. Due to the widespread use of data center cooling by a variety of enterprises, including SMEs, who need effective, scalable, and reasonably priced cooling systems, there is driving market growth in the small scale segment.

• The room-based cooling segment dominated the market with the largest market share during the forecast period.       

Based on the cooling technique, the Canada data center cooling market is divided into room-based cooling, rack-based cooling, and row-based cooling. Among these, the room-based cooling segment dominated the market with the largest market share during the forecast period. Data center cooling systems are used in a wide range of data center sizes and configurations, providing reliable and uniform cooling across entire room.

• The IT & telecom segment is anticipated to hold the largest market share during the forecast period.

 Based on the industry, the Canada data center cooling market is divided into BFSI, IT & telecom, manufacturing, retail, healthcare, energy & utilities, and others. Among these, the IT & telecom segment is anticipated to hold the largest market share during the forecast period. Telecom and data center operators can drastically cut operating expenses by implementing energy-efficient cooling solutions. The substantial use of data centers to serve vital functions including network infrastructure, cloud services, and data storage is driving the market in the IT and telecom segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada data center cooling market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Rittal GmbH Co. KG
• Schneider Electric SE
• Vertiv Group Corp.
• Stulz GmbH
• Asetek A/S
• Johnson Controls International PLC
• Fujitsu General Limited
• Emerson Electric Co.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In September 2024, Vertiv launched the Vertiv MegaMod CoolChip – a liquid cooling-equipped prefabricated modular (PFM) data center solution. The solution can be configured to support the platforms of leading AI computing providers and scaled to customer requirements.

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada Data Center Cooling Market based on the below-mentioned segments:

Canada Data Center Cooling Market, By Product

• Air Conditioners
• Precision Air Conditioners
• Liquid Cooling
• Air Handling Unit
• Chillers
• Others

Canada Data Center Cooling Market, By Data Center Type

• Large Scale
• Medium Scale
• Small Scale

Canada Data Center Cooling Market, By Cooling Technique

• Room-Based Cooling
• Rack-Based Cooling
• Row-Based Cooling

Canada Data Center Cooling Market, By Industry

• BFSI
• IT & Telecom
• Manufacturing
• Retail
• Healthcare
• Energy & Utilities
• Others