Canada Data Center Cooling Market Size (2024 - 2029)

Canada Data Center Cooling Market Analysis

The Canada Data Center Cooling Market size is estimated at USD 345.5 million in 2024, and is expected to reach USD 680.20 million by 2030, growing at a CAGR of 12.5% during the forecast period (2024-2030).

The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investments by domestic players are some of the major factors driving the demand for data centers in the country.

• Under Construction IT Load Capacity: The IT load capacity of the Canadian data center rack market is expected to reach 1,150 MW by 2029.
• Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 5.1 million sq. ft by 2029.
• Planned Racks: The country's total number of racks to be installed is expected to reach 289,000 units by 2029. Quebec is expected to house the maximum number of racks by 2029.
• On Canada's east and west coasts, average high temperatures are recorded in the low 20°C, while between the coasts, the average summer high temperature varies from 25 °C to 30 °C, with temperatures in some interior locations occasionally exceeding 40 °C. Depending upon climatic conditions, DC cooling is done in the DC facilities.
• Planned Submarine Cables: There are close to 16 submarine cable systems connecting Canada, and many are under construction. One such submarine cable, which is estimated to start service in 2025, is Sednalink Fibre; it stretches over 2,104 km with landing points from Goose Bay, Newfoundland, Canada, to Iqaluit, Nunavut, Canada.

Canada Data Center Cooling Industry Segmentation

Data center cooling is a set of techniques and technologies to maintain optimal operating temperatures in data center environments. This is important because data centers house many computer servers and network equipment that generate heat during operation. Efficient cooling systems are used to dissipate this heat and prevent equipment from overheating, ensuring continued reliable operation of the data center. Various methods, such as air conditioning, liquid cooling, and hot/cold aisle containment, are commonly used to control temperature and humidity in data centers.

The Canadian data center cooling market is segmented by cooling technology (air-based cooling (CRAH, chillers and economizers, cooling towers, and others), liquid-based cooling (immersion cooling and direct-to-chip cooling), and evaporative cooling) and end user (IT & telecommunication, BFSI, government, and media & entertainment). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.