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North America Data Center Rack Market Size (2024 - 2029)

The North America Data Center Rack Market is anticipated to experience significant growth, with the market size expanding due to increased IT load capacity and the construction of raised floor spaces. The region is set to see a substantial rise in the number of racks installed, particularly in the United States, which is expected to dominate in terms of rack quantity. Additionally, the development of submarine cable systems, including several under construction, will further support the market's expansion by enhancing connectivity across the region.

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Market Size of North America Data Center Rack Industry

North America Data Center Rack Market Summary
Study Period 2024 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024 - 2030) 13.40 %
Market Concentration High

Major Players

North America Data Center Rack Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Data Center Rack Market Analysis

The North America Data Center Rack Market is expected to register a CAGR of 13.40% during the forecast period.

The North America Data Center Rack Market value of USD 2.1 million in previous year and it is further projected to grow and register a CAGR of 13.4%.

Under Construction IT Load Capacity: The upcoming IT load capacity of the region's data center construction market is expected to reach over 25,700 MW by 2029.

Under Construction Raised Floor Space: The region's construction of raised floor area is expected to increase by 88.9 million sq. ft by 2029.

Planned Racks: The region's total number of racks to be installed is expected to reach over 4.4 billion units by 2029. United States of America is expected to house the maximum number of racks by 2029.

Planned Submarine Cables: There are 110 submarine cable systems connecting North America, and many are under construction. One such submarine cable, estimated to be built by end of 2026 is Leif Ericson, which stretches over 4200 Kilometers with landing points Goose Bay, NL, Canada.

North America Data Center Rack Industry Segmentation

A data center rack is a physical enclosure made up of usually steel, housing electronic framework. It is designed to house servers, networking and communication devices, cables and other data center computing peripherals.

The North America data center rack market is segmented by rack size (quarter rack, half rack and full rack), by end-user industry (BFSI, IT and telecom, government, media and entertainment), and by country (United States, Canada, Mexico). The market sizes and forecasts are provided in terms of volume (units) for all the above segments.

By Rack Size
Quarter Rack
Half Rack
Full Rack
By End User
IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End Users
By Country
United States
Canada
Mexico
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North America Data Center Rack Market Size Summary

The North America Data Center Rack Market is experiencing significant growth, driven by the increasing adoption of cloud computing and the rising demand for data storage and processing capabilities. The market is characterized by a shift from traditional to digital operations across various industries, with the cloud segment holding the largest market share. The manufacturing sector is also witnessing rapid growth, fueled by the integration of IoT technology and digitalization efforts by major corporations. The expansion of data centers is further supported by the development of 5G networks, the COVID-19 pandemic, and the demand for high-speed streaming services. These factors collectively contribute to the robust demand for data center racks in the region.

The market is fairly consolidated, with key players such as Rittal GMBH & Co.KG, Schneider Electric SE, Legrand SA, Dell Inc., and Hewlett Packard Enterprise leading the industry. Innovations like NetRack's iRack Block and partnerships such as Schneider Electric's collaboration with Stratus Technologies and Avnet Integrated are shaping the future of data center infrastructure. The United States is expected to house the maximum number of racks, supported by economic incentives and tax benefits, while Canada is emerging as a growing market due to its favorable regulatory environment and climate. The increasing capacity and number of data centers in North America underscore the region's pivotal role in the global data center rack market.

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North America Data Center Rack Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Buyers/Consumers

      2. 1.5.2 Bargaining Power of Suppliers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of COVID-19 Impact

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Rack Size

      1. 2.1.1 Quarter Rack

      2. 2.1.2 Half Rack

      3. 2.1.3 Full Rack

    2. 2.2 By End User

      1. 2.2.1 IT & Telecommunication

      2. 2.2.2 BFSI

      3. 2.2.3 Government

      4. 2.2.4 Media & Entertainment

      5. 2.2.5 Other End Users

    3. 2.3 By Country

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

North America Data Center Rack Market Size FAQs

The North America Data Center Rack Market is projected to register a CAGR of 13.40% during the forecast period (2024-2030)

Rittal GMBH & Co.KG, Schneider Electric SE, Legrand SA, Dell Inc. and Hewlett Packard Enterprise are the major companies operating in the North America Data Center Rack Market.

North America Data Center Rack Market Report Snapshots

North America Data Center Rack Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2030)