Market research, 18 April 2024
MarketsandMarkets estimates the global data center liquid cooling market to grow from USD 1.2 billion in 2019 to USD 3.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 22.6% during the forecast period. Major factors driving the growth of the market include increasing need for energy-efficient cooling solutions, growing demand for compact and noise-free solutions, need for lower operating costs, and need for better overclocking potential.
Moreover, factors such as advancements in artificial intelligence, blockchain, and other emerging technologies and high-density cooling, are expected to create ample opportunities for data center liquid cooling vendors.
The data center liquid cooling market by component covers solutions and services. The various means used for liquid cooling in data centers include sealed plates placed above processors, liquid compressors to cool air, or immersion into certain engineered fluids for cooling. Major vendors provide multiple solutions related to liquid cooling, whereas certain vendors provide niche and emerging liquid cooling solutions. Data center liquid cooling solutions are attracting huge demand from major end-users due to their applicability in high-density cooling.
Enterprises require data centers for storing mission-critical data to perform efficient business operations. Various enterprises are setting up data center infrastructures for data management and centralization of an organization’s IT infrastructure. Moreover, these enterprises need to reduce CAPEX and OPEX, which can be achieved through efficient data center operations. Enterprises prefer liquid cooling solutions; this can be attributed to the increasing IT needs from consumers. Data center services help cut down cost and maintain server availability by reducing downtime and improving disaster recovery capabilities. Moreover, these services facilitate the rapid deployment and commissioning of data centers, which further boost the efficiency and reduce the CAPEX. Owing to such benefits, enterprises are increasingly adopting data center liquid cooling for their data centers.
Large data centers are characterized by high usage of computing power to provide for data center needs of large companies. These data centers are characterized by tight constraints in operational costs and greater need for energy efficiency. Currently, these data centers are witnessing great adoption of rack- and row-based cooling solutions but are projected to witness higher adoption of immersion cooling solutions owing to the greater cooling requirements of high-density server racks.
The global data center liquid cooling market by region covers 5 major geographic regions, namely, North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. North America is expected to account for the largest market size during the forecast period; this can be attributed to increasing technology adoption among North American enterprises for reducing data center energy consumption and the presence of a large number of data center liquid cooling vendors.
The major players in the data center liquid cooling market are Asetek (Denmark), Rittal (Germany), Vertiv (US), Green Revolution Cooling (US), Midas Green Technologies (US), Allied Control (Hong Kong), Schneider Electric (France), Chilldyne (US), CoolIT Systems (Canada), Submer (Spain), Iceotope (UK), Fujitsu (Japan), Aspen Systems (US), DCX The Liquid Cooling Company (Poland), Ebullient (US), Aquila Group (US), ExaScaler (Japan), Cooler Master Co (China), Asperitas (Netherland), Liqit.io (Ukraine).
The study includes an in-depth competitive analysis of these key players in the data center liquid cooling market with their company profiles, recent developments, and key market strategies.
