The latest research study "Data Center Liquid Cooling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global data center liquid cooling market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.2 Billion by 2028, exhibiting a growth rate (CAGR) of 22.38% during 2023-2028.
Data center liquid cooling is used for maintaining the temperature of hardware, including memory, discs, central processing units (CPUs), etc., in non-conductive dielectric liquids that serve as coolants for the system. It enables operators to build smaller facilities and accommodate processing-intensive edge deployments at restricted places. Data center liquid cooling offers improved thermal transmission qualities and reduced energy output as compared to air cooling systems. Consequently, it finds wide-ranging applications in several industries, such as oil and gas, banking, financial services and insurance (BFSI), healthcare, education, etc.
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Data Center Liquid Cooling Market Trends and Drivers:
The growing digitization and the widespread adoption of cloud computing systems in numerous organizations are primarily augmenting the data center liquid cooling market. Furthermore, the launch of favorable initiatives by government bodies across various countries to promote the use of green data centers and minimize carbon footprints is positively influencing the global market. Apart from this, the increasing number of data centers is acting as another significant growth-inducing factor. Moreover, the introduction of next-generation processors that are integrated with artificial intelligence (AI) and machine learning (ML) technologies is also bolstering the market growth. Besides this, the escalating demand for liquid cooling systems in the telecommunications sector to enable consumers to install more communication equipment is further catalyzing the global market. Additionally, the rising focus of leading manufacturers on mergers and acquisitions (MA) to expand the market position by offering unlimited scalability of collocation space and power for business enterprises and hyper-scale cloud operators for better operation management of cloud clusters is expected to fuel the data center liquid cooling market in the coming years.
Data Center Liquid Cooling Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Alfa Laval AB
- Asetek A/S
- Asperitas
- Chilldyne
- CoolIT Systems Inc.
- Fujitsu Limited
- Green Revolution Cooling Inc.
- Iceotope
- Lenovo Group Limited
- Rittal GmbH Co. KG
- Schneider Electric SE and Vertiv Group Corp.
The report has segmented the market on the basis of
Breakup by Component:
- Solution
- Direct Liquid Cooling
- Indirect Liquid Cooling
- Services
- Design and Consulting
- Installation and Deployment
- Support and Maintenance
Breakup by Data Center Type:
- Large Data Centers
- Small and Medium-sized Data Centers
- Enterprise Data Centers
Breakup by End Use:
- Cloud Providers
- Colocation Providers
- Enterprises
- Hyperscale Data Centers
Breakup by Application:
- BFSI
- IT and Telecom
- Media and Entertainment
- Healthcare
- Government and Defense
- Retail
- Research and Academic
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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