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Data Center Liquid Cooling Market Soars to $10.61 Billion by 2028 - Fueled by Increasing Data Centers and Rising Investments
Data Center Liquid Cooling Global Market Report 2024
The data center liquid cooling market has witnessed exponential growth, surging from $3.41 billion in 2023 to an estimated $4.24 billion in 2024, showcasing an impressive Compound Annual Growth Rate (CAGR) of 24.5%. The momentum is expected to intensify, with forecasts indicating an exponential leap to $10.61 billion by 2028, sustaining a robust CAGR of 25.8%.
Catalysts for Growth:
Increasing Data Centers and Server Density: The proliferation of data centers has become a linchpin in business operations, providing essential support for computation, data storage, networking, and business applications. The surge in demand for technologies like cloud services, virtualization, artificial intelligence, and edge computing has driven up server density. As per insights from Phoenix NAP, the average server density in enterprises has increased from 7.3 kW per rack in 2019 to 8.4 kW per rack in 2021, necessitating advanced liquid cooling systems.
Rising Data Center Investments: The escalating investments in data centers globally are poised to fuel the growth of the data center liquid cooling market. The demand for enhanced cooling efficiency, energy savings, scalability, sustainability, and higher performance is steering this trend. Notably, CDC Data Centers in Australia announced a substantial investment, increasing its Eastern Creek Sydney data center capacity to 700MW, reflecting the industry's commitment to expansion.
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Key Players:
Major industry players shaping the data center liquid cooling market include Asetek Inc., Rittal GmbH & Co. KG, Fujitsu Limited, and Vertiv Group Corp. These leaders play a pivotal role in driving innovations and strategic initiatives.
Industry Dynamics and Innovations:
Technological Advancements: The integration of technological advancements stands out as a crucial trend in the data center liquid cooling market. The insatiable demand for power in data centers has prompted the implementation of advanced solutions, such as computer room air handlers (CRAH), combining air and liquid cooling. Companies like Super Micro Computer, Inc. are introducing cost-effective liquid cooling solutions to enhance performance and reduce overall costs.
Product Innovation: Major players in the data center liquid cooling market are focusing on product innovations, such as water-efficient liquid cooling solutions, to gain a competitive edge. These innovations aim to reduce energy consumption and water usage in data centers while enhancing performance and sustainability. Vertiv's introduction of the Liebert XDU, designed to facilitate liquid-cooled servers in air-cooled environments, exemplifies this trend.
Regional Dynamics and Market Segmentation:
North America claimed the largest share in the data center liquid cooling market in 2023, with Asia-Pacific anticipated to be the fastest-growing region in the forecast period.
The data center liquid cooling market covered in this report is segmented -
1) By Type: Single Phase Cooling, Two Phase Cooling
2) By Component: Solutions, Services
3) By Data Center Type: Hyperscale Centers, Enterprise type, Colocation Data Centers, Other Data Center Types
4) By Industry Type: Telecom and IT, BFSI, Research, Energy, Government and Academia, Healthcare, Other Industry Types
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Data Center Liquid Cooling Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Data Center Liquid Cooling Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on data center liquid cooling market size, data center liquid cooling market drivers and trends, data center liquid cooling market major players, data center liquid cooling market competitors' revenues, data center liquid cooling market positioning, and data center liquid cooling market growth across geographies. The data center liquid cooling market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Data Center Cooling Global Market Report 2024
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