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Global Data Center Liquid Cooling Market 2024 - By Size, Drivers, Trends, Competitors
Global Data Center Liquid Cooling Market
As per the report, the data center liquid cooling market size has grown exponentially in recent years. It will grow from $3.41 billion in 2023 to $4.24 billion in 2024 at a compound annual growth rate (CAGR) of 24.5%. The data center liquid cooling market size is expected to see exponential growth in the next few years. It will grow to $10.61 billion in 2028 at a compound annual growth rate (CAGR) of 25.8%.
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Data Center Liquid Cooling Market Surges Due To Increasing Data Centers And Server Density
The increasing number of data centers and server density is expected to propel the growth of the data center liquid cooling market going forward. Data centers have become an integral part of business operations in enterprises due to their number of advantages in supporting the business in various aspects such as computation, data storage, network, business applications, and other functions for the smooth functioning of business operations. Due to these advantages, there is an increase in the number of data centers and server density, ultimately raising the demand for liquid cooling systems. For instance, in September 2021, according to an article published by phoenixNAP, a US-based company offering progressive Infrastructure-as-a-Service solutions, technologies such as cloud services, virtualization and containerization, artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), blockchains, and edge computing require high processing power and high-density racks exceeding the traditional 2 to 5kW average. With this increased demand for compute-intensive workloads, the average server density in enterprises and on-premises data centers has increased from 7.3 kW per rack in 2019 to 8.4 kW per rack in 2021. Therefore, the increasing number of data centers and server density are driving the growth of the data center liquid cooling market.
Technological Advancements Drive Progress In The Data Center Liquid Cooling Market
Technological advancement is the key trend gaining popularity in the data center liquid cooling market. The demand for power in data centers is insatiable. They require massive amounts of energy to run and cool their facilities. Recent advancements have witnessed the implementation of a computer room air handler (CRAH), which combines air and liquid cooling in the process. This design allows a data center to preserve temperature, air distribution, and humidity in data centers. Major companies operating in the data center liquid cooling market are focused on developing advanced and better solutions to strengthen their market position. For instance, in May 2021, Super Micro Computer, Inc., a US-based information technology company, introduced a range of cost-effective liquid cooling solutions that enable applications to run with less jitter and at higher CPU frequencies. This liquid cooling solution can reduce data center power usage effectiveness (PUE) and total cost of ownership (TCO) by more than 40% on power costs.
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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Major companies operating in the data center liquid cooling market include Asetek Inc., Rittal GmbH & Co. KG, Fujitsu Limited, Vertiv Group Corp, Green Revolution Cooling Inc, Submer Technologies SL, Midas Green Technologies LLC, Schneider Electric SE, Alfa Laval AB, Chilldyne Inc, Iceotope Technologies Limited, CoolIT Systems Inc, 3M Company, Aspen Systems Inc, Mitsubishi Group, IBM Corporation, ExaScaler Inc, Stulz GmbH, Ebullient Inc, Aquila Group Holdings Limited, LiquidStack Inc, KyotoCooling BV, Asperitas B.V., Airedale International Air Conditioning Ltd, Motivair Corporation, Munters Group AB, Aegis Data Ltd, DownUnder GeoSolutions (DUG) Pty Ltd, Delta Electronics Inc.
Contents of the report:
1. Executive Summary
2. Data Center Liquid Cooling Market Report Structure
3. Data Center Liquid Cooling Market Trends And Strategies
4. Data Center Liquid Cooling Market - Macro Economic Scenario
5. Data Center Liquid Cooling Market Size And Growth
…..
27. Data Center Liquid Cooling Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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