Data Center Liquid Cooling Market Size By Component (Solution [Direct-to-Chip, Immersive {IT Chassis, Tub/Open Bath}], Services [Managed, Professional]), By End-Use (Enterprise [BFSI, Retail & E-Commerce, Government, Healthcare, Manufacturing, IT Enabled

Data Center Liquid Cooling Market Size By Component (Solution [Direct-to-Chip, Immersive {IT Chassis, Tub/Open Bath}], Services [Managed, Professional]), By End-Use (Enterprise [BFSI, Retail & E-Commerce, Government, Healthcare, Manufacturing, IT Enabled Services (ITeS)], Telecom Service Providers, Cloud Service Providers), COVID-19 Impact Analysis, Growth Potential, Regional Outlook, Competitive Market Share & Forecast, 2023 - 2032

Data Center Liquid Cooling Market is anticipated to register steady growth during 2023–2032, owing to the rising applications of cryptocurrency, cloud computing, blockchain, and AI in Asia Pacific and South America. The rising adoption of AI, cryptocurrency, and blockchain increases the demand for efficient cooling systems that can reduce energy and space requirements in data centers. This is further slated to enhance the data center cooling market progression in the estimated timeframe.

Overall, the data center liquid cooling market is bifurcated in terms of component, solution, immersive solution, service, end-user, enterprise, and region.

Based on the component, the service segment is projected to grow considerably during the analysis timeframe. The growth will be attributed to the rising demand for monitoring and managing large facilities' cooling systems.

On the basis of the solution, the immersive segment is slated to witness substantial growth owing to its features such as high efficiency and rapid cooling effect. Immersive servers are directly submerged in liquid solutions to conserve cooling energy and keep component temperatures uniformly low. Such trends are projected to complement the expanding market curve.

In terms of services, the managed segment is expected to register more than 21% CAGR over 2032. The growth is expected to come from the rising demand for security, network, data, applications, and multi-cloud challenges owing to the expanding data center facilities across the globe. Additionally, managed services cover several aspects of an organization's IT requirements daily, which will further escalate the segment expansion in the future.

In the context of the end-user, the telecom service provider segment will grow significantly by 2032 end, owing to the rising proliferation of smart devices and increasing consumer demand to safeguard information, property, and financial assets.

Considering the enterprise, the retail and e-commerce segment will hold more than 13.5% revenue share by 2032. The growth is likely to be ascribed to the expanding e-commerce sector, which has propelled organizations to invest in data centers that offer continuous, guaranteed server resources and a safe environment for online transactions. In addition, digitalization across the commerce sector is expected to spur data centers demand.

Regionally, the South America data center liquid cooling market is anticipated to hold a considerable revenue share due to the constantly growing number of data centers in the region. Data center construction has increased due to the rise in SMEs, and the accessibility of tax advantages for businesses and third-party suppliers in the region will propel the demand, resulting in market expansion. The South America Data center liquid cooling market is projected to reach more than USD 583million by 2032.