Global Data Center Liquid Cooling Market

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


Report ID: SQMIG20E2063 | Region: Global | Published Date: March, 2024
Pages: 202 | Tables: 116 | Figures: 77

Data Center Liquid Cooling Market Insights

Global 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 data center liquid cooling market is experiencing significant growth driven by the escalating demand for efficient cooling solutions in data centers globally. With the rapid adoption of advanced technologies such as cloud computing, artificial intelligence, and big data analytics, data centers are witnessing higher power densities, resulting in increased heat generation. Traditional air-based cooling methods are struggling to keep pace with the cooling requirements, leading to operational inefficiencies and higher energy consumption.

As a result, organizations are increasingly turning to liquid cooling solutions, which offer enhanced thermal management, improved energy efficiency, and reduced operational costs. Liquid cooling systems, including direct and indirect methods, enable direct contact or transfer of heat from components to liquid coolants, enabling efficient heat dissipation. The market is witnessing a shift towards innovative cooling techniques such as immersion cooling and evaporative cooling, enabling higher cooling efficiency and supporting the growing trend of high-performance computing and data-intensive applications.

The stringent environmental regulations and sustainability initiatives are further driving the adoption of liquid cooling solutions, as they enable organizations to reduce their carbon footprint and optimize energy consumption. The market is expected to witness continued growth as data centers strive for improved operational efficiency, reduced energy consumption, and sustainable infrastructure, making liquid cooling an indispensable solution for the future of data center cooling.

US Data Center Liquid Cooling Market is poised to grow at a sustainable CAGR for the next forecast year.

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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.

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Global Data Center Liquid Cooling Market

Report ID: SQMIG20E2063

$5,300
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