Data Center Liquid Cooling Market Report by Component (Solution, Services), Data Center Type (Large Data Centers, Small and Medium-sized Data Centers, Enterprise Data Centers), End Use (Cloud Providers, Colocation Providers, Enterprises, Hyperscale Data Centers), Application (BFSI, IT and Telecom, Media and Entertainment, Healthcare, Government and Defense, Retail, Research and Academic, and Others), and Region 2024-2032
The global data center liquid cooling market size reached US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.3 Billion by 2032, exhibiting a growth rate (CAGR) of 19.54% during 2024-2032.
Data center liquid cooling is used for maintaining the temperature of hardware, such as memory, discs, and central processing units (CPUs), in non-conductive dielectric liquids that serve as coolants for the system. It enables operators to build smaller facilities and accommodate processing-intensive edge deployments at restricted places. It offers improved thermal transmission qualities and reduced energy output as compared to air cooling systems. At present, data center liquid cooling finds application in the healthcare, oil and gas, banking, financial services and insurance (BFSI), healthcare, education, and government industries across the globe.
Data Center Liquid Cooling Market Trends:
Rapid digitization and the increasing adoption of cloud computing systems in numerous organizations represent one of the major factors driving the demand for data center liquid cooling systems across the globe. In addition, initiatives undertaken by governments of numerous countries to promote the use of green data centers and minimizing carbon footprints are contributing to the market growth. Moreover, the rising number of data centers is favoring the growth of the market. Apart from this, the advent of next-generation processors that are integrated with artificial intelligence (AI) and machine learning (ML) technologies is increasing the adoption of data center liquid cooling systems worldwide. Furthermore, data center liquid cooling systems are employed in the telecommunication sector for enabling consumers to install more communication equipment. Besides this, key players are focusing on mergers and acquisitions (M&A) to expand their market position by developing an ultra low carbon footprint data center and offering unlimited scalability of collocation space and power for business enterprises and hyper scale cloud operators for better operation management of cloud clusters. Additionally, significant improvement in the information technology (IT) infrastructure is anticipated to strengthen the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global data center liquid cooling market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, data center type, end use and application.
Breakup by Component:
Solution
Direct Liquid Cooling
Indirect Liquid Cooling
Services
Design and Consulting
Installation and Deployment
Support and Maintenance
Breakup by Data Center Type:
Large Data Centers
Small and Medium-sized Data Centers
Enterprise Data Centers
Breakup by End Use:
Cloud Providers
Colocation Providers
Enterprises
Hyperscale Data Centers
Breakup by Application:
BFSI
IT and Telecom
Media and Entertainment
Healthcare
Government and Defense
Retail
Research and Academic
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alfa Laval AB, Asetek A/S, Asperitas, Chilldyne, CoolIT Systems Inc., Fujitsu Limited, Green Revolution Cooling Inc., Iceotope, Lenovo Group Limited, Rittal GmbH & Co. KG, Schneider Electric SE and Vertiv Group Corp. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global data center liquid cooling market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global data center liquid cooling market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the data center type?
What is the breakup of the market based on the end use?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the application?
What are the key driving factors and challenges in the industry?
What is the structure of the global data center liquid cooling market and who are the key players?
What is the degree of competition in the industry?