Global Data Center Liquid Cooling Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Data Center Liquid Cooling Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Liquid cooling is one of the high-octane and cost-effective cooling technologies offered in the market. This technology has been used in a variety of applications since its inception. With rising need for efficiency and reduction in costs, liquid cooling technology is being employed in Data Center Liquid Cooling operations. Liquid cooling solutions are among the primary cooling technologies being used by data centers. Server liquid cooling, liquid immersion cooling systems and computer room air handles are the primary technologies being employed, depending on the necessity of the user.

Market Overview:

The latest research study on the global Data Center Liquid Cooling market finds that the global Data Center Liquid Cooling market reached a value of USD 943.47 million in 2022. It’s expected that the market will achieve USD 1565.94 million by 2028, exhibiting a CAGR of 8.81% during the forecast period.

Opportunities

Increase in demand for efficient and Data center operators are reducing their price range for cost-effective data centers cooling hiring enterprises to sustain in the competitive market. In the competitive scenario, data centers work 24/7 and generate immense heat, which can cause data loss or breakdown of data centers. Cooling solutions of data centers maintain the temperature inside data centers within permissible limits and help data centers to work uninterrupted. These advanced cooling systems are costeffective as they are highly energy efficient and use less power. Additionally, these cooling systems prevent damage of equipment in data centers, which in turn reduce the maintenance cost of the data centers. Hence, the advanced cooling systems in data centers are driving the market growth, owing to the growing demand for cost-effective data centers.
Green initiatives for eco-friendly data center solutions
The green initiative by government bodies is a key growth factor that drives the growth of the data center liquid cooling market. Furthermore, traditional cooling systems emit polluted air into the environment which is hazardous, while advanced cooling systems leave less carbon footprint to the environment. Furthermore, data center liquid cooling solutions are also adapting modular glasses and steel climate-controlled boxes and are run by geothermal power, which results in reduced carbon footprints to the environment. In addition, data center solutions have started using biofuels and renewable energy for its energy requirement, which makes these cooling solutions almost carbon neutral. Aforementioned green initiatives by data centers to reduce their carbon footprint in the environment are proliferating the growth of data center liquid cooling market.

Region Overview:

From 2023-2028, US is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Vertiv Group Corp, Schneider Electric and STULZ GmbH with the revenue market share of 14.82%, 13.56% and 11.40% in 2018.

With a history of industry-changing solutions and a well-earned reputation for innovation, Vertiv and its partners continue to raise the bar in the areas of power, cooling, access and control, monitoring, and manageability.

Schneider Electric SE provides energy management and automation solutions worldwide. It operates through four businesses: Low Voltage, Medium Voltage, Secure Power, and Industrial Automation. The Low Voltage business provides low voltage power and building automation products and solutions that address the needs of various end markets from buildings to industries and infrastructure to data centers. The Medium Voltage business offers medium voltage distribution and grid automation solutions. The Secure Power business offers secure power services. The Industrial Automation business provides automation and control solutions.

Segmentation Overview:

Among different product types, Chilled water-based cooling technique segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the IT & Telecom segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Data Center Liquid Cooling market covered in Chapter 3:

Nortek
Swegon
Green Revolution Cooling
Modine Manufacturing Company
Atos
Vertiv Group Corp
Asetek AS
Schneider Electric
Trane
Friedhelm Loh Group
STULZ GmbH

In Chapter 4 and Chapter 14.2, on the basis of types, the Data Center Liquid Cooling market from 2018 to 2029 is primarily split into:

Liquid immersion cooling technique
Chilled water-based cooling technique

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Data Center Liquid Cooling market from 2018 to 2029 covers:

BFSI
Manufacturing
IT & Telecom
Healthcare
Government & Defense
Retail
Energy

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)