Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.77 Billion | USD 18.96 Billion | 23.85% | 2023 |
According to Zion Market Research, the global Data Center Liquid Cooling Market was worth USD 2.77 Billion in 2023. The market is forecast to reach USD 18.96 Billion by 2032, growing at a compound annual growth rate (CAGR) of 23.85% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Data Center Liquid Cooling industry over the next decade.
Extreme climate resulting in excess dissipation of heat is likely to impact the performance of the equipment in data centers along with resulting in downtime across the data centers. This has led to immense utility of data center liquid cooling systems globally. Apart from this, data centers need more power supply due to constant processing and operations and hence produce more of heat energy, thereby creating massive demand for data center liquid cooling systems. Reportedly, in large number of data centers, the systems are deployed in control room air handlers for maintaining coolness of air in the data center units. Apparently, liquid cooling enables reduction in power usage and thus enhances power efficiency of the data centers.
Data center liquid cooling industry growth is influenced by massive demand for power & cooling of equipment and machinery in the data centers. Apart from this, data center liquid cooling systems offer cooling with reduction in carbon footprints. Additionally, with lesser density than air, these systems offer excellent cooling & are good heat conductors. Nonetheless, their corrosive nature and risk of data breach can pose a threat towards the growth of the data center liquid cooling market in the foreseeable future.
Furthermore, onset of new technologies like AI, block chain, machine learning, and connected things is anticipated to create lucrative opportunities for the market over the assessment period. Acceptance of these systems helps in reducing operating costs by nearly one-fourth as compared to other conventional cooling systems, thereby driving the market trends. Strict enforcement of environmental laws and upgradation of energy infrastructure has paved the way for the expansion of global data center liquid cooling business across the globe in the recent years.
Report Attributes | Report Details |
---|---|
Report Name | Data Center Liquid Cooling Market |
Market Size in 2023 | USD 2.77 Billion |
Market Forecast in 2032 | USD 18.96 Billion |
Growth Rate | CAGR of 23.85% |
Number of Pages | 110 |
Key Companies Covered | Horizon Computing Solutions, Asetek, Schneider Electric SE, Rittal GmbH and Co. Kg., Midas Green Technologies LLC, Green Revolution Cooling Inc., IBM Corporation, Emerson Electric Co., Allied Control Ltd., and Green Data Center LLP |
Segments Covered | By Solution Type, By Service Type, By Size, By Industry Vertical And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The growth of the market in the continent over the estimated timeline is due to massive presence of data centers in the European countries. Apart from this, availability of strong power infrastructure facility will further bolster the growth of the business in Europe over the forecasting timeframe. Massive focus on constructing green data centers has become the key priority of the manufacturers, thereby further opening new vistas of growth for the business in the region. Environmental awareness and reduced operational costs will contribute immensely towards the regional market size over the forecast timeframe.
By Solution Type
By Service Type
By Size
By Industry Vertical
By Region
FrequentlyAsked Questions
Data center liquid cooling industry growth is influenced by massive demand for power & cooling of equipment and machinery in the data centers. Apart from this, data center liquid cooling systems offer cooling with reduction in carbon footprints. Additionally, with lesser density than air, these systems offer excellent cooling & are good heat conductors. Nonetheless, their corrosive nature and risk of data breach can pose a threat towards the growth of the data center liquid cooling market in the foreseeable future.
Furthermore, onset of new technologies like AI, block chain, machine learning, and connected things is anticipated to create lucrative opportunities for the market over the assessment period. Acceptance of these systems helps in reducing operating costs by nearly one-fourth as compared to other conventional cooling systems, thereby driving the market trends.
According to Zion Market Research, the global Data Center Liquid Cooling Market was worth USD 2.77 Billion in 2023. The market is forecast to reach USD 18.96 Billion by 2032, growing at a compound annual growth rate (CAGR) of 23.85% during the forecast period 2024-2032.
European region will contribute lucratively towards the global market value over the estimated timeline. The growth of the regional market during the forecast timespan can be attributed to massive presence of data centers in the European countries. Apart from this, availability of strong power infrastructure facility will further bolster the growth of the business in Europe over the forecasting timeframe. Massive focus on constructing green data centers has become the key priority of the manufacturers, thereby further opening new vistas of growth for the business in the region. Environmental awareness and reduced operational costs will contribute immensely towards the regional market size over the forecast timeframe.
The key market participants include Horizon Computing Solutions, Asetek, Schneider Electric SE, Rittal GmbH and Co. Kg., Midas Green Technologies LLC, Green Revolution Cooling Inc., IBM Corporation, Emerson Electric Co., Allied Control Ltd., and Green Data Center LLP.
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