MARKET OVERVIEW- GLOBAL REAR DOOR HEAT EXCHANGERS MARKET
The global rear door heat exchangers market was valued at USD 501.5 Million in 2022 and is projected to grow at a CAGR of 21.00 % for the forecast period 2023 to 2029. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the rear door heat exchangers market.
Rear door heat exchangers are ideal for high-performance data canters and dense servers and data storage racks. These cooling systems promote higher density by eliminating heat. This allows data canters to shrink their footprints and fill up the entire rack with servers. Hence, the rise in adoption of data centre solutions enables easy and efficient management of data center networks and coolers are designed to support various servers in a secure environment.
The demand for large data storage and computing capacity is putting data canters at a crossroads. It is constantly growing due to the COVID-19 pandemic around the world. The nationwide lockdown imposed by the government has increased the demand for internet access. Cloud services have paved the way for accessing, transferring, and storing information between organizations. In some cases, cooling units provide twice as much air as the thermal loads need during off-peak loads. In this situation, instead of setting the air conditioner to the maximum, can use liquid air cooling. Another way to achieve this is by using a rear door heat exchanger. It has been widely used inside server racks to remove heat when it exceeds computer room air conditioning (CRAC) capabilities.
MARKET DRIVERS
Technological advancements and increasing digitization across verticals such as banking and financial services, information technology, telecommunications, retail, government, education, and others fuel the deployment of data centre across the globe, fuelling the consumption of high-density data centres. For instance, according to International Data Corporation (IDC) the public cloud data used by organizations are was around 62% in 2019 across the globe, this has increased to 64% by 2020. The increased data across the globe leading to increase in the high-density data centres. The data processing, equipment generates heat energy, which needs to be cooled because to prevent equipment from damage due to overheating. Rear door heat exchangers are a good solution for high performance computing centres and dense server racks. The increasing demand for technology services and increasing investments from major companies in technological advancement, making it more widely used in various applications which is influencing the growth of the market. Further, while analysing and storing data for effective decision-making, densely packed racks generate a large amount of heat. Hence, rear door heat exchangers are used to maintain room temperature in the data centres.
MARKET OPPORTUNITIES
Due to the increasing competition in new product innovation, marketing initiatives and business models, there is a growing demand for flexible infrastructure among organizations. For instance, according to International Data Corporation (IDC), the Global data canter storage capacity for computing was around 349 Exabyte in 2019, which has increased to 470 Exabyte in 2021. Hence, the increase in data creates an opportunity for data canters infrastructure, which is accelerating the demand for rear door heat exchangers.
MARKET RESTRAINTS
Strict government policies imposed in several regions to operate and manage data centres is are expected to hinder the market’s growth in the forecasted period. Climate change coupled with the declining air quality index in many metropolitan cities across the globe have led governments of various countries to introduce strict environmental regulations for data canter solutions. In addition, traditional cooling systems emit polluted air into the environment, which is dangerous, while advanced cooling systems emit less carbon footprint, making them more environmentally friendly.
MARKET GROWTH CHALLENGES
The challenging factor for rear door heat exchangers is passive system of rear door heat exchanger type. Passive rear door system coil transfer heat and allow air to pass it at rear side of room after absorption of heat present in the room. As a result, the system will no longer function effectively after exchanging the heat. Also, passive rear door system supplies pressurized air, causing a significant pressure drop in components and leading to a higher requirement for static pressure. Additionally, passive rear door systems need to be continuously monitored for efficient operation requiring intensive human resources.
CUMULATIVE GROWTH ANALYSIS
The report provides an in-depth analysis of the global rear door heat exchangers market, including market size, and compound annual growth rate (CAGR) for the forecast period of 2023-2029, considering 2022 as the base year. The increased demand for high density data storage is expected to witness growth at a specific CAGR from 2023-2029.
REAR DOOR HEAT EXCHANGERS MARKET SEGMENTAL OVERVIEW
The Global Rear Door Heat Exchangers Market consists of different market segments like By Type, Application and geography.
REAR DOOR HEAT EXCHANGERS MARKET BY TYPE
The Rear Door Heat Exchangers market on the basis of type include:
- Active Rear Door Heat Exchanger
- Passive Rear Door Heat Exchanger
Based on type, active rear door heat exchanger segment holds the largest share of the rear door heat exchangers market. The active rear door heat exchanger is useful for cooling the air that circulates within the racks due to the continual exhaustion and heat produced by the devices. A key advantage of an active rear door heat exchanger is that, with the door being the primary air extraction method, it allows the active equipment to run more efficiently. This is because, heat is removed quickly, and thus, the power usage of the fans will not increase with the rise in temperature. The active rear door heat exchangers are very energy efficient and are useful in reducing different kinds of operational expenses. Therefore, the active rear door heat exchangers segment is expected to lead the market over the estimated time period.
REAR DOOR HEAT EXCHANGERS MARKET BY APPLICATION
The Rear Door Heat Exchangers market on the basis of application include:
- Data canter Hot Spot Elimination and Localized Cooling
- Energy Efficiency and Space Optimization
- Thermal solutions for Enterprise Data Canters
- Pharmaceutical Industry
- Warehouse and Cold Chain
Based on application, the data canter hot spot elimination and localized cooling segment holds the largest share of the rear door heat exchangers market. Rear-door heat exchanger is a suitable option for supporting high-density data canters. By efficiently removing heat, these cooling systems support increased density, which helps data canters decrease their footprints. It also enables operators to eliminate hot spots. Rear-door heat exchanger systems are an economical option for intense computing applications because they excel at heat removal. This is a major factor due to which, the data canter hot spot elimination and localized cooling segment is expected to dominate the market over the forecast period.
REAR DOOR HEAT EXCHANGERS MARKET BY GEOGRAPHY
The Rear Door Heat Exchangers market is studied for the following region:
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
For the rear door heat exchangers market, the North America is expected to witness the largest share in rear door heat exchangers market. The market for rear door heat exchangers is growing rapidly in technically advanced countries such as, US, China, India, and Japan. Moreover, China, one of the largest data centre markets in the Asia Pacific region, has been experiencing double-digit growth for the past few years and there is substantial spending and investment in data centres by companies. China data canter cooling market is expected to witness favourable growth over the forecast years. For instance, as per the International Telecommunication Union (ITU), in Asia Pacific there were an estimated 1.8 million internet users in 2017, which has increased to 4.9 billion people using the Internet in 2021. Hence increased use of internet leads to rise in data canter operators in Asia Pacific region.
COVID-19 IMPACT ANALYSIS ON THE GLOBAL REAR DOOR HEAT EXCHANGERS MARKET
Axiom MRC provides a 360-degree analysis of the micro and macro-economic factors of the rear door heat exchangers market. The report studied an exclusive analysis of the impact of COVID-19. In addition, the report also studied a complete analysis of changes in the global rear door heat exchangers market, spending, and economic and international policies on the supply and demand side.
COVID 19 has significantly impacted the global revenue of rear door heat exchangers market. COVID-19 pandemic has taken toll on the population and economy. COVID-19 pandemic is expected to have an optimistic impact on the global rear door heat exchangers market. The higher consumption of data has resulted in demand for data canters across the globe creating the demand for rear door heat exchangers cool the heat generated in data canters. Also, at the beginning of April 2020, around 81% of the global population’s workforce faced the mandatory closure of workplaces. However, by April 2021, the share had decreased to 68 %, mainly due to decreased incidence of COVID-19 cases in workplaces in China, and others regions. Governments have also eased the lockdown and the market has been normalized since April 2021. This has ultimately resulted in the resumption of production activities for rear door heat exchangers.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of the rear door heat exchangers is primarily focused on expanding the global growth of the market with new type innovation, business expansion, and the increasing presence of a range of manufacturers operating in the rear door heat exchangers market has led to growing demand for the market.
The key players studied in the market are
- Coolcentric (United States)
- AKCP Solutions (United States)
- Nortek Air Solutions (United States)
- USystems Limited (United Kingdom)
- Coolit Systems (Canada)
- Stack Infrastructure (United States)
- ColdLogik (Australia)
- Lenovo (China)
- Green Revolution Cooling, Inc.(United States)
- Stulz Gmbh (Germany)
- Aspen Systems Inc.(United States)
RECENT DEVELOPMENT:
November 2022: AKCP solution has unveiled AKCP sensorCFD for their AKCPro Server. AKCP sensorCFD is a tool for predicting the airflow in a data center. The tools are ideal for data centers managers and service providers, and the CFD package is available as a free download.
June 2019: Nortek Air Solutions has announced the launch of the ADHX 35-6B, a 35kW Active Rear Door Heat Exchanger (ADHX) to its ServerCool The product belongs to the data center liquid cooling product line. This product brought upgrades in redundancy, user-friendliness, durability, and energy efficiency.
July 2022: USystems, a Bedford-based infrastructure specialist has been acquired by Legrand. This transaction will strengthen Legrands data center solutions with the occurrence of the world-leading ColdLogik cooling technology by USystems. In addition, this deal further strengthens Legrand’s position in providing added-value solutions in the growing data center market and helps Legrand expand its presence in the UK data center market.
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