The Data center liquid cooling market was valued at USD 3.2 billion in 2023, and is predicted to increase at a CAGR of 23.4% from 2024 to 2031, to reach USD 17.3 billion.
Cooling systems are used by data center operators to keep data center temperatures within acceptable limits. To process massive amounts of data, data centers must operate efficiently 24 hours a day, seven days a week. Equipment in data processing dissipates thermal energy, necessitating cooling to prevent equipment damage due to overheating. Cooling systems are classified as either air-based or water-based. Air is circulated in data centres to regulate temperature using air-based cooling. Water-based cooling, on the other hand, is divided into immersion cooling and water-cooled racks, in which liquid coolants flow across heated components to keep them cold.
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KEY DRIVERS:
North American need for compact and energy-efficient cooling solutions
Asia Pacific's exponential rise in server and chip density in the post-pandemic scenario
RESTRAINTS:
Expensive and ongoing maintenance
Expensive and ongoing maintenance
OPPORTUNITIES:
Increasing Data Center Demand
Upgrading Existing Infrastructure
CHALLENGES:
Leakage susceptibility
Higher implementation costs and compatibility issues
The COVID-19 epidemic is expected to have a major influence on the rapidly expanding data centre cooling market. Although the advent of COVID-19 has had an impact on the overall key industrial sectors, the data centre cooling market is likely to grow at a steady rate due to increased demand from financial institutions, telecom operators, manufacturing, and services. Furthermore, due to the COVID-19 virus lockdown imposed in several nations, there is a strong need for unstaffed data centres to be built and managed.
Market, By Component:
By component, the data center liquid cooling market includes both solutions and services. Liquid cooling in data centers can take several forms, including sealed plates over processors, liquid compressors to cool air, or immersion in special designed fluids. Major suppliers offer a variety of liquid cooling options, while niche and developing vendors offer specialized and emerging liquid cooling solutions. Because of its suitability for high-density cooling, data centre liquid cooling technologies are in great demand from key end-users.
Market, By End Users:
To run their businesses efficiently, companies need data centres to store mission-critical data. Various businesses are establishing data centre infrastructures for data management and IT infrastructure centralization. Furthermore, these businesses must save CAPEX and OPEX costs, which may be accomplished through effective data centre operations. Liquid cooling systems are preferred by businesses, which can be ascribed to rising consumer IT demands. By lowering downtime and enhancing disaster recovery capabilities, data centre services assist saves costs and preserve server uptime. Furthermore, these services make it easier to develop and activate data centres quickly, increasing efficiency and lowering CAPEX. Because of these advantages, businesses are increasingly using data centre liquid cooling in their data centres.
By Component:
Solution
Air conditioners
Air handling unit
Chiller
Cooling towers
Pumps
Others
Services
Installation & deployment
Support & Maintenance
Consulting
By Type Of Cooling:
Room-Based Cooling
Rack-Based Cooling
Row-Based Cooling
By Type Of Data Centers:
Enterprise Data Centers
Colocation Data Centers
Wholesale Data Centers
Hyperscale Data Centers
Others
By Industry Vertical:
BFSI
Manufacturing
IT & Telecom
MEDIA & ENTERTAINMENT
GOVERNMENT & DEFENSE
HEALTHCARE
Energy
Others
North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America account for the majority of the worldwide data center liquid cooling industry. Increasing technology adoption among North American organizations for decreasing data center energy consumption and the existence of a large number of data center liquid cooling providers are likely to account for the highest market size throughout the projection period.
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REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The key players in the data center liquid cooling market are Asetek (Denmark), Rittal (Germany), Vertiv (US), Green Revolution Cooling (US), Midas Green Technologies (US), Allied Control (Hong Kong), Schneider Electric (France), Chilldyne (US), CoolIT Systems (Canada), Submer (Spain), Iceotope (UK), Fujitsu (Japan), Aspen Systems (US).
Report Attributes | Details |
Market Size in 2023 | USD 3.2 Bn |
Market Size by 2031 | USD 17.3 Bn |
CAGR | CAGR of 23.4% From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • by Component (Solution and Service) • by Type of Cooling (Room-Based Cooling, Rack-Based Cooling, and Row-Based Cooling) • by Type of Data Center (Enterprise Data Center, Colocation Data Center, Wholesale Data Center, Hyperscale Data Center, and Others) • by Industry Vertical (BFSI, Manufacturing, IT & Telecom, Media & Entertainment, Retail, Government & Defense, Healthcare, Energy, and Others) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Asetek, Rittal, Vertiv, Green Revolution Cooling, Midas Green Technologies, Allied Control, Schneider Electric, Chilldyne, CoolIT Systems, Submer, Iceotope, Fujitsu, Aspen Systems. |
Key Drivers | • North American need for compact and energy-efficient cooling solutions • Asia Pacific's exponential rise in server and chip density in the post-pandemic scenario |
Market Opportunities | • Increasing Data Center Demand • Upgrading Existing Infrastructure |
Ans: The growth rate of the Data Center Liquid Cooling Market is 23.4% over the forecast period 2024-2031.
Ans: The market size of the Data Center Liquid Cooling Market was valued at USD 3.2 billion in 2023.
Ans: North America region dominated the Data Center Liquid Cooling Market.
Ans: The key players of the Data Center Liquid Cooling Market are Asetek, Rittal, Vertiv, Green Revolution Cooling, Midas Green Technologies, Allied Control, Schneider Electric, Chilldyne, CoolIT Systems, Submer, Iceotope, Fujitsu, and Aspen Systems.
Ans: The Data Center Liquid Cooling Market is segmented into 5 types: By Component, By Type of Cooling, By Type of Data Center, By Industry Vertical.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Data Center Cooling Market Segmentation, By Component
8.1 Solution
8.1.1 Air conditioners
8.1.2 Air handling unit
8.1.3 Chiller
8.1.4 Cooling towers
8.1.5 Pumps
8.1.6 Others
8.2 Services
8.2.1 Installation & deployment
8.2.2 Support & Maintenance
8.2.3 Consulting
9. Data Center Cooling Market by Type of Cooling
9.1 Room-Based Cooling
9.2 Rack-Based Cooling
9.3 Row-Based Cooling
10. Data Center Cooling Market by Type of Data Centers
10.1 Enterprise Data Centers
10.2 Colocation Data Centers
10.3 Wholesale Data Centers
10.4 Hyperscale Data Centers
10.5 Others
11. Data Center Cooling Market by Industry Vertical
11.1 BFSI
11.2 Manufacturing
11.3 IT & Telecom
11.4 MEDIA & ENTERTAINMENT
11.5 GOVERNMENT & DEFENSE
11.6 HEALTHCARE
11.7 Energy
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 the USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 the UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Asetek (Denmark)
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Rittal (Germany)
13.3 Vertiv (US)
13.4 Green Revolution Cooling (US)
13.5 Midas Green Technologies (US)
13.6 Allied Control (Hong Kong)
13.7 Schneider Electric (France)
13.8 Chilldyne (US)
13.9 CoolIT Systems (Canada)
13.10 Submer (Spain)
13.11 Iceotope (UK)
13.12 Fujitsu (Japan), Aspen Systems (US)
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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