At 10.4% CAGR, the North America Rear Door Heat Exchanger Market is Projected to be Worth US$ 586.27 Million by 2030, Says Business Market Insights

According to Business Market Insights research, the North America rear door heat exchanger market was valued at US$ 265.64 million in 2022 and is expected to reach US$ 586.27 million by 2030, registering a CAGR of 10.4% 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 North America 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.

An ITI Green Grid (TGG) Working Group has been working on this issue, and other efforts have been proposed by institutions and groups, such as the Climate Neutral Data Centre Pact and Infrastructure Masons (iMasons). Hence, the rising number of environmental compliance policies by government regarding data center efficiency is expected to provide many opportunities for the rear door heat exchanger market.

On the contrary, high initial investments, labor costs, and maintenance costs hampers the growth of North America rear door heat exchanger market.

Based on type, the North America rear door heat exchanger market is bifurcated into active and passive. The active segment held 56.8% share of the North America rear door heat exchanger market in 2022, amassing US$ 150.95 million. It is projected to garner US$ 350.69 million by 2030 to expand at 11.1% CAGR during 2022-2030.

By end user, the North America rear door heat exchanger market is segmented into data center, IT and telecommunication, semiconductor, education, government, and others. The data center segment held 67.8% share of the North America rear door heat exchanger market in 2022, amassing US$ 180.22 million. It is projected to garner US$ 407.67 million by 2030 to expand at 10.7% CAGR during 2022-2030.

Based on country, the North America rear door heat exchanger market is segmented into the US, Canada, and Mexico. The US held 79.7% share of North America rear door heat exchanger market in 2022, amassing US$ 211.74 million. It is projected to garner US$ 474.26 million by 2030 to expand at 10.6% CAGR during 2022-2030.

Key players operating in the North America rear door heat exchanger market are Airedale International Air Conditioning Ltd; Coolcentric; CoolIT Systems Inc; International Business Machines Corp; Motivair Corporation; Nortek Air Solutions, LLC; nVent Electric plc; Stulz UK Ltd; USystems Limited; and Vertiv Group Corp., among others.

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