Market Size of Canada Data Center Rack Industry
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 |
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 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 Size Summary
The Canadian data center rack market is experiencing significant growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and substantial investments by local players. The market is characterized by a rising need for data storage and processing capabilities, fueled by the digital economy's expansion and the proliferation of hybrid cloud service providers. This demand is further amplified by the growing adoption of IoT platforms across various sectors, which has led to increased data consumption and a corresponding rise in the need for full-rack data centers. The shift from traditional infrastructures to cloud-based solutions is also contributing to the market's expansion, as enterprises seek greater scalability and flexibility to meet customer demands.
The competitive landscape of the Canadian data center rack market is relatively concentrated, with key players such as Eaton Corporation, Black Box Corporation, Rittal GMBH & Co.KG, Schneider Electric SE, and Vertiv Group Corp. These companies are actively expanding their presence through strategic partnerships and investments in infrastructure development. Notable initiatives include Cologix's partnership with Console Connect and Eaton's launch of Open Compute Project-compatible solutions. The market's growth is supported by ongoing construction of data centers, which is expected to increase the demand for racks significantly. As internet penetration and cloud adoption continue to rise, the market is poised for further expansion, with Quebec anticipated to host a substantial portion of the new rack installations.
Canada Data Center Rack Market Market Size - Table of Contents
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1. Market Dynamics
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increased Migration to Cloud-based Business Operations
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1.2.2 Internet Adoption and Information Technology Services to Boost Market Progress
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1.3 Market Restraints
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1.3.1 Low Availability of Resources
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1.4 Value Chain / Supply Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Bargaining Power of Buyers/Consumers
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1.5.2 Bargaining Power of Suppliers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Assessment of COVID-19 Impact
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2. MARKET SEGMENTATION
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2.1 Rack Size
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2.1.1 Quarter Rack
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2.1.2 Half Rack
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2.1.3 Full Rack
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2.2 End-User
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2.2.1 IT & Telecommunication
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2.2.2 BFSI
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2.2.3 Government
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2.2.4 Media & Entertainment
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2.2.5 Other End-Users
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Canada Data Center Rack Market Market Size 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.