Data Center Liquid Cooling Market Size, Share, Growth Analysis, By Type(Direct liquid cooling, indirect liquid cooling), By Component(Cooling pipes, heat exchangers, chillers, pumps), By Cooling Technique(Single-phase liquid cooling, two-phase liquid cooling), By Data Center Type(Enterprise data centers, colocation data centers, hyperscale data center), By Region - Industry Forecast 2024-2031

Data Center Liquid Cooling Market size was valued at USD 2.37 billion in 2022 and is poised to grow from USD 2.93 billion in 2023 to USD 15.76 billion by 2031, growing at a CAGR of 23.43% during the forecast period (2024-2031).

The competitive landscape of the data center liquid cooling market is characterized by intense competition among key market players. Several prominent companies are actively engaged in providing innovative and efficient liquid cooling solutions for data centers. These companies focus on strategic initiatives such as partnerships, collaborations, mergers and acquisitions, and product developments to strengthen their market presence. They continuously invest in research and development activities to introduce advanced cooling technologies that offer improved efficiency, sustainability, and performance. 'Schneider Electric SE (France)', 'Vertiv Co. (US)', 'CoolIT Systems Inc. (Canada)', 'Asetek (Denmark)', 'Rittal GmbH & Co. KG (Germany)', 'Green Revolution Cooling Inc. (US)', 'LiquidCool Solutions Inc. (US)', 'Midas Green Technologies LLC (US)', 'Submer Technologies (Spain)', 'STULZ GmbH (Germany)', 'Fujitsu Limited (Japan)', 'Huawei Technologies Co., Ltd. (China)', 'Nortek Air Solutions, LLC (US)', 'Mitsubishi Electric Corporation (Japan)', 'Delta Electronics, Inc. (Taiwan)', 'Airedale International Air Conditioning Ltd (UK)', 'Munters Group AB (Sweden)', 'Aqua Cooling Solutions Ltd (UK)', 'Alfa Laval AB (Sweden)', 'Iceotope Technologies Limited (UK)'

With the growing adoption of high-performance computing, artificial intelligence, and big data analytics, data centers are experiencing higher power densities, leading to increased heat dissipation requirements. Traditional air-based cooling methods are often insufficient to handle these thermal loads, resulting in operational inefficiencies and potential performance issues. Liquid cooling solutions offer superior heat dissipation capabilities, enabling more efficient cooling and ensuring optimal performance of data center equipment.

Rise of hyperscale data centers: Hyperscale data centers are large data centers that are used by cloud service providers and other large organizations. These data centers require a significant amount of cooling, which is driving the demand for more efficient and scalable cooling solutions. Liquid cooling is a scalable and efficient cooling solution that is well-suited for hyperscale data centers. Liquid cooling is a more efficient and scalable cooling solution that is well-suited for hyperscale data centers. Liquid cooling can help to reduce the power consumption of data centers by up to 50%, and it can also help to improve the reliability and uptime of data centers.

The largest market region in the data center liquid cooling market is North America. North America has a well-established data center infrastructure and is home to several major technology companies and cloud service providers. The region has witnessed significant growth in data center establishments, driven by the increasing demand for data-intensive applications and services. Additionally, North America has been at the forefront of adopting advanced technologies such as cloud computing, artificial intelligence, and Internet of Things (IoT), resulting in higher power densities and cooling requirements. To address these challenges, data center operators in North America are increasingly adopting liquid cooling solutions to improve energy efficiency, reduce operational costs, and enhance overall data center performance.