Market Size of Mexico Data Center Cooling Industry
Study Period | 2018 - 2030 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 158.5 Million |
Market Size (2030) | USD 350.40 Million |
CAGR (2024 - 2030) | 14.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Mexico Data Center Cooling Market Analysis
The Mexico Data Center Cooling Market size is estimated at USD 158.5 million in 2024, and is expected to reach USD 350.40 million by 2030, growing at a CAGR of 14% during the forecast period (2024-2030).
- The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers.
- Under Construction IT Load Capacity: The upcoming IT load capacity of the Mexican data center market is expected to reach more than 480.3 MW by 2029.
- Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase above 2.4 million sq. ft by 2029.
- Planned Racks: The country's total number of racks to be installed is expected to reach 120,094 units by 2029. Querétaro is expected to house the maximum number of racks by 2029.
- Planned Submarine Cables: There are submarine cables under construction. One such submarine cable that is estimated to start service in 2025 is Caribbean Express (CX), which stretches over 3,472 km with landing points from Cancún, Mexico.
- New data centers across the country focus on implementing state-of-the-art monitoring systems to mitigate the risks associated with extreme weather events, and many would use the latest, more energy-efficient cooling technologies, such as redundant cooling systems, smart monitoring technologies, and backup power generators to ensure consistency of temperature in the event of power interruptions. Another example is direct liquid cooling, which uses a higher thermal transfer of water to a more efficient cooling device.
- The average winter temperature is between -8.33 °C (17 °F) and -0.5 °C (31 °F). The average summer temperature is between 10 °C (50 °F) to over 25 °C (77 °F). Winters can vary widely across the country, with frequent cold, fog, and snow periods in the north and more pleasant weather in the south. Depending upon climatic conditions, DC cooling is done in the DC facilities.
Mexico 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 Mexican data center cooling market is segmented by cooling technology (air-based cooling [CRAH, chillers and economizer, cooling towers] and liquid-based cooling [immersion cooling and direct-to-chip cooling, evaporative cooling]) and end user (IT & telecommunication, BFSI, government, and media and entertainment). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By Cooling Technology | ||||||
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By End User | |
IT and Telecommunication | |
BFSI | |
Government | |
Media and Entertainment | |
Other End Users |
Mexico Data Center Cooling Market Size Summary
The Mexico data center cooling market is poised for significant growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and substantial investments from local players. The market is characterized by the construction of new data centers that are integrating advanced cooling technologies to address the challenges posed by extreme weather conditions. These facilities are adopting energy-efficient cooling solutions, such as redundant cooling systems and direct liquid cooling, to maintain optimal temperatures and ensure operational continuity during power interruptions. The strategic development of infrastructure, including submarine cables and raised floor space, further supports the expansion of data centers across the country, with Querétaro emerging as a key location for rack installations.
The market landscape is competitive, with major players like Schneider Electric SE, Rittal GMBH & Co.KG, and Mitsubishi Electric Hydronics & IT Cooling Systems SpA leading the charge in providing innovative cooling solutions. The cloud segment is expected to dominate the market, driven by its critical role in supporting SME growth, fostering innovation, and enhancing public services. Additionally, the rise in data consumption from sectors such as manufacturing, media, entertainment, and e-commerce is anticipated to boost the demand for data center cooling infrastructure. The government's initiatives to promote Industry 4.0 and advancements in technologies like quantum computing and 5G are expected to further propel the market, making Mexico a burgeoning hub for data center operations in Latin America.
Mexico Data Center Cooling Market Size - Table of Contents
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1. Market Dynamics
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Trend of High-performance Computing across Europe
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1.2.2 Growing Rack Power Density
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1.3 Market Restraints
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1.3.1 High Initial Investments
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1.4 Value Chain / Supply Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Assessment of COVID-19 Impact
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2. MARKET SEGMENTATION
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2.1 By Cooling Technology
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2.1.1 Air-based Cooling
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2.1.1.1 CRAH
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2.1.1.2 Chiller and Economizer
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2.1.1.3 Cooling Tower
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2.1.1.4 Others
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2.1.2 Liquid-based Cooling
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2.1.2.1 Immersion Cooling
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2.1.2.2 Direct-to-Chip Cooling
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2.2 By End User
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2.2.1 IT and Telecommunication
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2.2.2 BFSI
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2.2.3 Government
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2.2.4 Media and Entertainment
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2.2.5 Other End Users
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Mexico Data Center Cooling Market Size FAQs
How big is the Mexico Data Center Cooling Market?
The Mexico Data Center Cooling Market size is expected to reach USD 158.5 million in 2024 and grow at a CAGR of 14% to reach USD 350.40 million by 2030.
What is the current Mexico Data Center Cooling Market size?
In 2024, the Mexico Data Center Cooling Market size is expected to reach USD 158.5 million.