Canada Data Center Rack Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2030 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2030) | 8.90 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Data Center Rack Market Analysis
The Canada Data Center Rack Market size in terms of production volume is expected to grow from 0.2 Million units in 2024 to 0.34 Million units by 2030, at a CAGR of 8.90% during the forecast period (2024-2030).
The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.
Under Construction IT Load Capacity: The upcoming IT load capacity of the Canada data center rack market is expected to reach 1,150 MW by 2029.
Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 5.1 million sq. ft by 2029.
Planned Racks: The country's total number of racks to be installed is expected to reach 289,000 units by 2029. Quebec is expected to house the maximum number of racks by 2029.
Planned Submarine Cables: There are close to 16 submarine cable systems connecting Canada, and many are under construction.
Canada Data Center Rack Market Trends
Cloud segment to hold major share in the market
- In the early days of the pandemic, after years of increasing adoption, public cloud adoption became mainstream. Canada's public cloud market revenues will likely continue to total USD 5,213.5 million, projected to increase by 46.42% from 2023 to 2027. Revenue is expected to grow to USD 16.4 billion by 2027 for the fourth year in a row. It is worth noting that the public cloud market revenue has increased steadily in recent years.
- Cloud storage in Canada is growing due to the growing demand for cost-effective data backup, storage, and protection across all businesses and the need to manage data generated by the increasing use of mobiles.
- Cloud infrastructure offers capabilities such as increased scalability and flexibility to better serve your customers with minimal downtime. Enterprises are migrating from traditional complex infrastructures to cloud infrastructures, and data center usage is expected to increase during the forecast period.
- With the rise of the digital economy and increased internet usage in Canada, the need for data storage and processing has increased. The proliferation of hybrid cloud service providers has increased demand for colocation services and increased rack utilization.
Full rack segment to hold major share in the market
- In Canada, full racks hold a large share of the market due to the growing space shortage between various companies.
- Increased use of IoT platforms by varying sectors, such as manufacturing, agriculture, and cities, has contributed to the growing data consumption, which has triggered the demand for full-rack data centers in Canada.
- With the rise of business continuity services 24 hours a day, tier-3 and tier-4 data centers have increasingly become more popular due to the ever-growing number of conglomerates. This increases the use of a number of racks and indicates the use of full racks to incorporate such data.
- In order to better serve their customers, clients have to raise their rack capacities as a result of the population's adoption of other devices. In addition, they have to ensure the availability of the appropriate speeds owing to the 5G launch. As a result, the nation adopted cloud computing, internet penetration, and fiber technologies.
- In January 2023, 93.8% of the Canadian population accessed the internet. Online penetration among individuals in Canada has increased over the past periods, as in 2019, the percentage of people accessing the internet in the country was around 91%. This corresponds to the use of a data center with full racks.
Canada Data Center Rack Industry Overview
The Canadian Data center racks market is relatively low in terms of competition and has a few players in the market, such as Eaton Corporation, Black Box Corporation, Rittal GMBH & Co.KG, Schneider Electric SE, Vertiv Group Corp. These major players focus on expanding their customer base in the country. These companies leverage strategic collaborative initiatives to increase their market share and profitability. The increase in the data center construction corresponds to increasing demand for the number of racks in the data centers.
In June 2022, Cologix announced its continued strategic partnership with Console Connect by PCCW Global by deploying the Console Connect Software-Defined Interconnection platform at Cologix's TOR1 data center in Toronto. This marked Console Connect's second PoP within Cologix's Canadian market and interconnection ecosystem. The first was available in December 2021 at Cologix's MTL7 data center in Montréal.
Canada Data Center Rack Market Leaders
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Eaton Corporation
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Black Box Corporation
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Rittal GMBH & Co.KG
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Schneider Electric SE
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Vertiv Group Corp.
*Disclaimer: Major Players sorted in no particular order
Canada Data Center Rack Market News
The increase in the data center construction corresponds to increasing demand for the number of racks in the data centers. For instance,
April 2024 - IBM announced the plans to launch a multizone cloud region in Montreal, Canada. The facility is designed to assist Canadian enterprises in addressing their evolving data sovereignty requirements and leveraging technology such as generative AI.
October 2023 - Cologix, announced the completion of the 15MW TOR4 Scalelogix data center facility in Tornoto, Canada.
Canada Data Center Rack Market Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumption & Market Definition
- 1.2 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increased Migration to Cloud-based Business Operations
- 4.2.2 Internet Adoption and Information Technology Services to Boost Market Progress
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4.3 Market Restraints
- 4.3.1 Low Availability of Resources
- 4.4 Value Chain / Supply Chain Analysis
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4.5 Industry Attractiveness - Porter's Five Forces Analysis
- 4.5.1 Bargaining Power of Buyers/Consumers
- 4.5.2 Bargaining Power of Suppliers
- 4.5.3 Threat of New Entrants
- 4.5.4 Threat of Substitute Products
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Assessment of COVID-19 Impact
5. MARKET SEGMENTATION
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5.1 Rack Size
- 5.1.1 Quarter Rack
- 5.1.2 Half Rack
- 5.1.3 Full Rack
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5.2 End-User
- 5.2.1 IT & Telecommunication
- 5.2.2 BFSI
- 5.2.3 Government
- 5.2.4 Media & Entertainment
- 5.2.5 Other End-Users
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Eaton Corporation
- 6.1.2 Black Box Corporation
- 6.1.3 Rittal GMBH & Co.KG
- 6.1.4 Schneider Electric SE
- 6.1.5 Vertiv Group Corp.
- 6.1.6 Dell Inc.
- 6.1.7 nVent Electric PLC
- 6.1.8 Hewlett Packard Enterprise
- 6.1.9 Tevelec Limited
- 6.1.10 Sysracks.com
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityCanada 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 Canada Data Center Rack Market is Segmented by rack size (quarter rack, half rack, full rack) and by end user (IT & Telecommunication, BFSI, government, and media & entertainment). The market sizes and forecasts are provided in terms of volume (units) for all the above segments.
Canada Data Center Rack Market Market Research Faqs
How big is the Canada Data Center Rack Market?
The Canada Data Center Rack Market size is expected to reach 0.2 million units in 2024 and grow at a CAGR of 8.90% to reach 0.34 million units by 2030.
What is the current Canada Data Center Rack Market size?
In 2024, the Canada Data Center Rack Market size is expected to reach 0.2 million units.
Who are the key players in Canada Data Center Rack Market?
Eaton Corporation, Black Box Corporation, Rittal GMBH & Co.KG, Schneider Electric SE and Vertiv Group Corp. are the major companies operating in the Canada Data Center Rack Market.
What years does this Canada Data Center Rack Market cover, and what was the market size in 2023?
In 2023, the Canada Data Center Rack Market size was estimated at 0.18 million units. The report covers the Canada Data Center Rack Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Data Center Rack Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Canada Data Center Rack Market Industry Report
Statistics for the 2024 Canada Data Center Rack market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Data Center Rack analysis includes a market forecast outlook to for 2024 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
