Global Data Center Liquid Cooling Market Projected to Surpass $13.22 Billion by 2029 with 26.5% Annual Growth

What industry-specific factors are fueling the growth of the data center liquid cooling market?
The rise in data center numbers and server density is anticipated to steer the expansion of the data center liquid cooling market. As a pivotal component of enterprise business operations, data centers offer numerous benefits such as computation, data storage, network, business applications, among others, thereby ensuring seamless business functioning. Given these merits, there is a surge in the quantities of data centers and server density, thereby spiking up the requirement for liquid cooling systems. Hence, this uptick in data center numbers and server concentration acts as the catalyst for the growth of the data center liquid cooling market. Citing an instance, as reported by Stellarix, an African data center and cloud computing provider, in March 2024, there was a whopping 75% increase in global IoT-connected devices which reached 15.14 billion since 2019 and expected to double by 2030. This upswing in IoT and data-oriented technologies has compelled data centers to switch to liquid cooling systems with some facilities now have the capacity to support rack densities of up to 200 kW, a major departure from conventional air-cooled systems.

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What Is the projected market size and growth rate for the data center liquid cooling market?
A significant surge has occurred in the size of the data center liquid cooling market in the last few years. It's projected to rise from $4.18 billion in 2024 to $5.17 billion in 2025, indicating a compound annual growth rate (CAGR) of 23.7%. The reason for the growth during the historic period includes an increase in data collection, development of data centers, demand for energy efficiency, rise in cloud computing, and expansion of hyperscale data centers.

The forecast for the data center liquid cooling market suggests a significant surge over the coming years. By 2029, it's predicted to expand to a value of $13.22 billion, with a compound annual growth rate (CAGR) of 26.5%. This upward trend in the forecast period is reasoned due to the rising demand for data storage, advancements in edge computing and micro data centers, commitments to environmental sustainability, increasing issues around data security and privacy, and stricter regulatory compliance. Key trends to watch during the forecast period include developments in edge computing and micro data centers, increased loading for AI and machine learning, expansion of the 5G network, technological breakthroughs, innovative solutions, as well as strategic collaborations.

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What new trends are reshaping the data center liquid cooling market and its opportunities?
The data center liquid cooling market is seeing a significant rise in popular trends, with technological developments being the primary one. Spearheading this evolution is industry player Huawei. Data centers' ever-growing need for power, which takes a lot of energy to manage and keep at the best temperatures, has prompted notable progress in cooling tech. Huawei embodies these improvements with its launch of the FusionModule2000 6.0, which incorporates superior liquid cooling solutions and a modular structure to boost space and energy effectiveness. This revolutionizes data centers' performance. For instance, in November 2022, Huawei, a China-based multinational tech firm, presented the FusionModule2000 6.0. It boasts progressive modular structures and an integrated liquid cooling solution that optimize energy effectiveness and space usage in today's data centers. This groundbreaking solution aligns with Huawei's dedication to offering avant-garde technological solutions that meet the mounting demands for power and cooling in dense computing scenarios.

What major market segments define the scope and growth of the data center liquid cooling market?
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

Subsegments:
1) By Single Phase Cooling: Direct-to-Chip Cooling, Rack-Based Cooling Solutions, Immersion Cooling Systems
2) By Two-Phase Cooling: Vapor Chamber Cooling, Heat Pipes, Immersion Cooling

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Which region dominates the data center liquid cooling market?
North America was the largest region in the data center liquid cooling market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data center liquid cooling market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Which key market leaders are driving the data center liquid cooling industry growth?
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, LiquidStack Inc, KyotoCooling BV, Asperitas B.V., Airedale International Air Conditioning Ltd, Motivair Corporation, Munters Group AB, Delta Electronics Inc.

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What Is Covered In The Data Center Liquid Cooling Global Market Report?

•Market Size Forecast: Examine the data center liquid cooling market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the data center liquid cooling market for a structured understanding.
•Key Players Overview: Analyze major players in the data center liquid cooling market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data center liquid cooling market.
•Segment Contributions: Evaluate how different segments drive overall growth in the data center liquid cooling market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data center liquid cooling market.
•Industry Challenges: Identify potential risks and obstacles affecting the data center liquid cooling market.
•Competitive Landscape: Review strategic developments in the data center liquid cooling market, including expansions, agreements, and new product launches.

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