
Published On: Feb 2024
Published On: Feb 2024
At 11.4% CAGR, the Europe Rear Door Heat Exchanger Market is Projected to be Worth US$ 348.38 Million by 2030, Says Business Market Insights
According to Business Market Insights research, the Europe rear door heat exchanger market was valued at US$ 146.65 million in 2022 and is expected to reach US$ 348.38 million by 2030, registering a CAGR of 11.4% from 2022 to 2030. Rising need for energy efficiency in data centers and rising number of environmental compliance policies by government regarding data center efficiency are among the critical factors attributed to the Europe rear door heat exchanger market expansion.
Data centers are notorious energy consumers due to the constant operation of servers and cooling systems. Energy-efficient solutions, including rear door heat exchangers, significantly reduce the amount of electricity needed for cooling. By capturing and reusing waste heat, these systems lower the overall energy consumption of data centers, resulting in reduced environmental impact and cost savings. Lower energy consumption translates directly into operational cost savings for data center operators. Energy-efficient cooling solutions, such as rear door heat exchangers, help data centers optimize their energy use, leading to reduced electricity bills. This is especially important as energy costs continue to increase. Many organizations and data center operators are committed to sustainability and reducing their carbon footprint. Rear door heat exchangers align with these goals by decreasing energy usage and greenhouse gas emissions associated with cooling. This makes data centers more environmentally responsible and compliant with regulatory standards.
The need for energy efficiency in data centers is boosting the adoption of solutions, including rear door heat exchangers. These systems offer a practical and cost-effective way to reduce energy consumption, enhance sustainability, and improve overall data center performance while remaining adaptable to changing workloads and operational needs. Various companies are taking initiatives, such as product launches, partnerships, and collaborations, to increase energy efficiency in data centers. Thus, the increasing need for energy efficiency in data centers is boosting the Europe rear door heat exchanger market growth.
On the contrary, high initial investments, labor costs, and maintenance costs hampers the growth of Europe rear door heat exchanger market.
Based on type, the Europe rear door heat exchanger market is bifurcated into active and passive. The active segment held 59.8% share of the Europe rear door heat exchanger market in 2022, amassing US$ 87.67 million. It is projected to garner US$ 217.84 million by 2030 to expand at 12.0% CAGR during 2022-2030.
By end user, the Europe rear door heat exchanger market is segmented into data center, IT and telecommunication, semiconductor, education, government, and others. The data center segment held 68.5% share of the Europe rear door heat exchanger market in 2022, amassing US$ 100.40 million. It is projected to garner US$ 244.24 million by 2030 to expand at 11.8% CAGR during 2022-2030.
Based on country, the Europe rear door heat exchanger market is segmented into Germany, the UK, France, Russia, Italy, and the Rest of Europe. Germany held 28.8% share of Europe rear door heat exchanger market in 2022, amassing US$ 42.21 million. It is projected to garner US$ 109.39 million by 2030 to expand at 12.6% CAGR during 2022-2030.
Key players operating in the Europe rear door heat exchanger market are Airedale International Air Conditioning Ltd; Coolcentric; International Business Machines Corp; Nortek Air Solutions, LLC; nVent Electric plc; Stulz UK Ltd; USystems Limited; and Vertiv Group Corp., among others.
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