Data Center Liquid Cooling Market Size Expected to Garner USD 13.6 Billion by 2030 growing at 24.6% CAGR - Exclusive Report by Acumen Research and Consulting
The Global Data Center Liquid Cooling Market size is projected to grow at a CAGR of 24.6% between 2022 and 2030, from USD 1.9 billion in 2021 to USD 13.6 billion by 2030, as per the Acumen Research and Consulting
Data centers are critical components of modern technology infrastructure, and as such, they require efficient cooling solutions. The liquid cooling market for data centers has evolved dramatically over the last few years, with advances in technology and increased demand for data center capacity. Liquid cooling solutions provide a more efficient and effective way of removing heat generated by high-density server racks compared to traditional air cooling methods.
The data center liquid cooling market is driven by several factors including the increasing demand for high-performance computing, the rise of edge computing, and the growing demand for energy-efficient solutions. With the growth of cloud computing and the increasing number of data centers, there is a growing demand for liquid cooling solutions that can support higher computing densities. Liquid cooling can significantly improve the energy efficiency of data centers, as it can more effectively remove heat from the servers, reducing the overall power consumption.
Data Center Liquid Cooling Market Statistics
- Global data center liquid cooling market revenue collected USD 1.9 Billion in 2021, with a 24.6% CAGR between 2022 and 2030
- North America data center liquid cooling market value gathered more than USD 0.7 Billion in 2021
- In 2021, the total number of data centers worldwide will exceed 8 million
- Asetek is a leading company in liquid cooling solutions for data centers with a strong presence in North America
- Growth of cloud computing and big data analytics industries, fuels the data center liquid cooling market size
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Data Center Liquid Cooling Market Trends
The data center liquid cooling market is evolving rapidly due to the increasing demand for high-performance computing and data storage. Liquid cooling systems offer a more efficient cooling method compared to traditional air cooling systems. The increasing need for reducing the power consumption of data centers and the growing demand for energy-efficient cooling solutions is driving the data center liquid cooling market growth.
The growth of the cloud computing and big data analytics industries has led to an increase in the number of data centers, which has driven the demand for high-performance liquid cooling systems. With the increasing demand for high-density computing and storage systems, data centers are becoming more complex and power-intensive, leading to an increased demand for efficient cooling solutions. The development of advanced liquid cooling systems, such as direct-to-chip cooling, immersion cooling, and two-phase cooling, has made the technology more attractive to data center operators.
Moreover, the trend toward green computing is also driving the growth of the data center Market. Governments around the world are implementing regulations aimed at reducing energy consumption in data centers, which is increasing the demand for energy-efficient cooling solutions. The use of liquid cooling systems can help data centers reduce their energy consumption, carbon footprint, and operating costs. With the continued growth of the data center industry and the increasing demand for high-performance computing, the data center liquid cooling market is predicted to grow in the coming years.
Data Center Liquid Cooling Market Segmentation
Acumen Research and Consulting has segmented the global data center liquid cooling market by component, cooling technique, application, and region.
- In terms of component, the industry is categorized into services (maintenance & support, design & consulting, and installation & deployment), and solution (indirect cooling, and direct immersion cooling).
- In terms of cooling technique, the market is divided into large data center, and small and mid-sized data center.
- In terms of cooling application, the market is classified into IT & telecom, government, BFSI, manufacturing, energy, colocation, healthcare, and others.
- In terms of region, the market is bifurcated into Europe, Latin America, Asia-Pacific, North America, and the MEA.
Data Center Liquid Cooling Market Regional Overview
Geographically, North America holds the largest share of the data center liquid cooling market. This growth is due to the existence of a large number of data centers in the region and the adoption of advanced technologies. The US is one of the largest data center markets in the world and has a large number of data centers, which is driving the demand for liquid cooling systems. Additionally, the US has a large number of technology companies, such as Google, Amazon, and Microsoft, which operate data centers and require high-performance cooling solutions.
Furthermore, North America is home to many leading technology companies, which are investing in research and development to improve their data center cooling systems. This is driving the growth of the regional data center liquid cooling market share. The increasing demand for cloud computing, big data analytics, and the internet of things (IoT) is also driving the growth of the data center industry in North America, which is boosting the demand for liquid cooling systems.
Data Center Liquid Cooling Market Players
Some of the major data center liquids cooling market companies are Chilldyne Inc., Alfa Laval, CoolIT Systems Inc., LiquidStack, Mitsubishi Electric Corporation, Schneider Electric, Aecorsis BV, Rittal GmbH & Co. Kg., Asetek, and Vertiv Co.
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