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Data Center Liquid Cooling Market Size Reached USD 3.01 Billion in 2024 and Estimated to Grow at a CAGR of 21.70% through 2030

Data Center Liquid Cooling Market size was valued at USD 3.01 billion in 2024 and it is estimated to grow at a CAGR of around 21.70% during the forecast period 2024-30, 5G Coverage expansion across the globe is the possible growth opportunity driving the Data Center Liquid Cooling industry thorough 2030.
Published 02 September 2024

The Global Data Center Liquid Cooling Market size was valued at USD 3.01 billion in 2024 and it is estimated to grow at a CAGR of around 21.70% during the forecast period, i.e., 2024-30 cites MarkNtel Advisors in the recent research report. The expansion of data center liquid cooling is attributed to several pivotal factors, including the growing proliferation of data centers within the information technology (IT) and telecom sectors. In recent years, countries like India, China, Saudi Arabia, Brazil, Indonesia, the UAE, etc., have witnessed a notable upsurge in mobile phone adoption, spurred by rising disposable incomes and heightened competition among smartphone manufacturers. According to the Ministry of Communication- Saudi Arabia, in 2023, internet penetration in Saudi Arabia has reached approximately 98.6%. China’s internet penetration was well over 70% in 2023 and in India, it soared to around 47%.

This substantial surge in mobile connections & internet penetrations across various nations has consequently led to a corresponding uptick in data volumes for telecom giants like Telstra, Optus, etc. Hence, these telecom operators have established their data centers for the efficient storage & management of diverse data types, encompassing customer records, network traffic data, and operational information.

Moreover, governing authorities of countries like India, China, and the UAE, among others, are laying stress on digitalization to streamline business operations and enhance accessibility to government services, healthcare, education, and various other essential services. Further, the governments of nations like China, Indonesia, Australia etc., have introduced initiatives such as Indonesia's Digital Transformation Program, and Australia's Vision 2025, among other similar programs for providing efficient & convenient services to their residents.

Hence, this push towards digitalization is resulting in a notable uptick in government investments in digital infrastructure, encompassing the setup of data centers and network towers within these countries, which in turn is generating the need for liquid cooling systems, further states the research report, “Global Data Center Liquid Cooling Market Analysis, 2024.”

Download Sample PDF Copy of this Report: - https://www.marknteladvisors.com/query/request-sample/data-center-liquid-cooling-market.html

Data Center Liquid Cooling Market Segmentation Analysis

By Cooling Type

 - Cold Plates

 - Direct Liquid Cooling

 -- Immersion

 --- Single-Phase

 --- Two-Phase

 -- Chilled Water Cooling

 - Indirect Liquid Cooling

 -- Top-of-Row Cooling

 -- In-Row Cooling

 - Rack Liquid Cooling

Cold Plates to Lead Global Data Center Liquid Cooling Market

Based on the cooling type, the market is further bifurcated into, cold plates, direct liquid cooling, indirect liquid cooling, and rack liquid cooling. End-user sectors such as data centers in financial institutions, retail and e-commerce platforms, IT, and telecom are increasingly embracing cold plates to efficiently dissipate heat generated within their data centers and mitigate the risk of hardware failures.

Cold plates are directly integrated with high-heat-producing components like CPUs, GPUs, and memory modules, effectively reducing the temperature of these components and thereby lowering power consumption. Moreover, other cooling types like direct liquid & chilled water cooling tend to exhibit relatively higher power consumption. According to C&C Technology, data centers typically require substantial energy to operate and sustain their servers, often consuming approximately 1,000 kilowatt-hours (kWh) per square meter. Consequently, end-users are inclined to opt for solutions that optimize power efficiency, thereby driving the increased adoption of cold plates in the Global Data Center Liquid Cooling Market.

By End Users

 - Healthcare & Lifesciences

 - E-commerce and Retail

 - IT and Telecom

 - BFSI

 - Hospitality

 - Others (Energy & Utilities, Media & Entertainment, etc.)

By Data Center Size

 - Small & Medium

 - Large

By Type of Data Center

 - Enterprise

 - Colocation

 - Cloud Data Centers

 - Hyperscale

 - Others (Disaster Recovery (DR) Data Centers, Modular and Prefabricated Data Centers, etc.)

By Region

 - North America

 - South America

 - Europe

 - The Middle East & Africa

 - Asia-Pacific

Proliferation of Data Centers in North America Drives the Need for Data Center Liquid Cooling

North America has secured a substantial portion of the global data center liquid cooling market, primarily driven by the presence of prominent IT and telecom giants such as Cisco, Meta, Intel, and IBM. The favorable business environment and the establishment of corporate headquarters have facilitated the development of extensive data center infrastructures in the nations like the US, Canada, etc., to support their expansive cloud services and online platforms.

This surging establishment of the data centers in the North American countries heightened the demand for liquid cooling solutions, expanding the share of North America in the Global Data Center Liquid Cooling market during 2018-2022. Further, in the coming years, Asia-Pacific will witness substantial growth in the Global Data Center Liquid Cooling Market owing to the surging government investment in upgrading Asia-Pacific countries like China, South Korea, and others by building data centers.

As a result, there will be a growing need for data center liquid cooling systems in the foreseen years, contributing to the anticipated expansion of Asia-Pacific's share in the Global Data Center Liquid Cooling Market in the coming years.

Explore the Full Report with Charts, Table of Contents, and List of Figures – https://www.marknteladvisors.com/research-library/data-center-liquid-cooling-market.html

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Vertiv Group Corp, Fujitsu, Submer, Green Revolution Cooling Inc., Rittal GmbH & Co. KG, Schneider Electric, Midas Green Technologies, Liquidstack Holding BV, Chilldyne Inc., Iceotope, Coolit Systems, Asperitas, Dug Technology, LiquidCool Solutions Inc., DCX Liquid Cooling Systems, Others (Stulz GmbH, Delta Power Solutions, etc.), are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across various regions?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping across various regions?
  6. How have the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2018-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?. 

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