
Published On: Feb 2024
Published On: Feb 2024
At 8.1% CAGR, the Middle East & Africa Rear Door Heat Exchanger Market is Projected to be Worth US$ 48.44 Million by 2030, Says Business Market Insights
According to Business Market Insights research, the Middle East & Africa rear door heat exchanger market was valued at US$ 25.97 million in 2022 and is expected to reach US$ 48.44 million by 2030, registering a CAGR of 8.1% from 2022 to 2030. Rising number of environmental compliance policies by government regarding data center efficiency and increasing number of data centers globally are among the critical factors attributed to the Middle East & Africa rear door heat exchanger market expansion.
The government in many countries mandates or develops requirements to report environmental performance metrics and data centers' operating information in 2022. The escalating number of environmental compliance regulations for data centers is a catalyst for the rear door heat exchanger market. As these regulations intensify, necessitating heightened energy efficiency and sustainability, rear door heat exchangers emerge as a pivotal component in optimizing cooling systems. Their role in improving overall energy efficiency aligns seamlessly with the evolving environmental standards imposed on data centers. The surge in demand for these heat exchangers reflects the industry's commitment to meeting stringent environmental criteria, reducing carbon footprints, and embracing sustainable practices. In essence, the rising focus on environmental compliance acts as a driving force propelling the rear door heat exchanger market, positioning them as essential elements in the quest for greener and more efficient data center operations. The rear door heat exchangers are widely used in data centers to promote higher density by eliminating heat, and they can utilize fluids that are much safer and more eco-friendly than traditional heat exchangers.
On the contrary, high initial investments, labor costs, and maintenance costs hampers the growth of Middle East & Africa rear door heat exchanger market.
Based on type, the Middle East & Africa rear door heat exchanger market is bifurcated into active and passive. The active segment held 63.6% share of the Middle East & Africa rear door heat exchanger market in 2022, amassing US$ 16.51 million. It is projected to garner US$ 31.99 million by 2030 to expand at 8.6% CAGR during 2022-2030.
By end user, the Middle East & Africa rear door heat exchanger market is segmented into data center, IT and telecommunication, semiconductor, education, government, and others. The data center segment held 76.5% share of the Middle East & Africa rear door heat exchanger market in 2022, amassing US$ 19.87 million. It is projected to garner US$ 37.61 million by 2030 to expand at 8.3% CAGR during 2022-2030.
Based on country, the Middle East & Africa rear door heat exchanger market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East and Africa. The UAE held 38.9% share of Middle East & Africa rear door heat exchanger market in 2022, amassing US$ 10.11 million. It is projected to garner US$ 19.61 million by 2030 to expand at 8.6% CAGR during 2022-2030.
Key players operating in the Middle East & Africa rear door heat exchanger market are Airedale International Air Conditioning Ltd; International Business Machines Corp; nVent Electric plc; Stulz UK Ltd; and Vertiv Group Corp., among others.
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