Global Data Center Liquid Market Insights Forecasts to 2032

• The Global Data Center Liquid Cooling Market Size was valued at USD 2.31 billion in 2022.
• The Market is growing at a CAGR of 14.74% from 2022 to 2032
• The Worldwide Data Center Liquid Cooling Market Size is expected to reach USD 13.19 billion by 2032
• Asia Pacific is expected to grow the fastest during the forecast period

The Global Data Center Liquid Cooling Market Size is expected to reach USD 13.19 billion by 2032, at a CAGR of 14.74% during the forecast period 2022 to 2032. The data centre liquid market is expanding as a result of new technologies and a growing demand for energy-efficient cooling solutions.

Market Overview

The operators of data centres make extensive use of the data cooling systems. In order to ensure that the temperature generated when using a large amount of data does not exceed the permitted heat range, a data cooling system is very necessary. The primary purpose of the data cooling centre is dissipation, which guards against harm from equipment overheating. Companies are choosing sustainable cooling methods as the state of the environment worsens. Free-air cooling systems can be used to cool data centres' power sources in a sustainable and environmentally responsible manner, keeping the chillers off for at least 75% of the time.

Report Coverage

This research report categorizes the market for data center liquid cooling market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the data center liquid cooling market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the data center liquid cooling market.

Driving Factors

Market growth is primarily being driven by rising demand for small, noise-free, energy-efficient cooling systems, as well as by lower operating costs and better overclocking capabilities. High-density cooling and other developing technologies, as well as improvements in artificial intelligence, are projected to offer major opportunities for makers of data centre liquid cooling. Data centres have a significant need for end-to-end data centre solutions, multi-core computing, artificial intelligence (AI), and machine learning (ML), as well as high-performance, high-frequency, and intensive workload conditions. With the most recent advancements in indirect or direct-on-chip liquid cooling and system integrator services, data centre owners may meet a variety of demands across the organisation. Demand for data centre liquid cooling technology is also anticipated to rise as more end users, including cloud providers, colocation providers, hyperscale data centres, and others, adopt cold plates, direct liquid cooling (DLC), indirect liquid cooling (ILC), and rack liquid cooling. Today's data centres are dealing with unprecedented computation and core count-hungry applications. Data centre owners and operators must reconsider increasing density and the difficulties it presents when standard air cooling approaches reach their limits.

Restraining Factors

Two challenges that are limiting the market's growth are the high power consumption during the cooling process and the high setup costs. A further issue that could have a detrimental effect on the market trend is the backup strategy for any outages.

Market Segmentation

• In 2022, solution segment to hold the maximum market share of 10%.

On the basis of component, the global data center liquid cooling systems market is segmented into solution and service. Among these, the solution segment is anticipated to hold the maximum market share of 10% over the forecast period. The massive power density in data centers have influenced the companies to adopt new cooling solutions for enduring the computational power of next generation processors which is going to boost the segmental development by 2032.

• In 2022, rack/row cooling technology dominates the market with overall revenue of USD 1 billion

Based on cooling technique, the global data center liquid cooling systems market is segmented into rack/row based and room-based. Among these, the rack/row based cooling technology is dominating the market with the overall revenue of USD 1 billion in 2022 and is anticipated to continue its dominance over the predicted timeframe. This is because this cooling technique offers efficiency and more agile  and find adoption in various businesses. The need for the technology will increase since rack/row-based cooling lowers unnecessary airflow and allows businesses to save 50% of fan power.

• In 2022, large data center cooling market is going to witness the market growth of about 10%.

On the basis of data center size, the global data center liquid cooling systems market is segmented into small data center, medium data center, and large data center. Among these, the large data center cooling segment is estimated to witness the market growth of about 10% over the upcoming years. The increasing deployment of hyperscale data center facilities  by key market players is driving the segmental growth. Apart from this, the increasing investment made by the government as well a private sector in data centers and cloud computing are also stimulating the demand for cooling solutions in large data centers.

• In 2022, BFSI segment to witness the growth rate of around 15%.

Based on application, the global data center liquid cooling systems market is segmented into BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom. Among these, the BFSI segment is anticipated to witness the growth rate of over 15% over the upcoming years. The increasing penetration of the mobile banking and internet banking  has prompted the banks in storing maximum amounts of consumer data which has led to the rising demand for data center infrastructure. In addition, banks have also started making investment in data centers with an aim to keep up with the competition and are widely focussing on cloud solutions owing to their cost friendly nature which estimated to propel the segmental growth.

North America emerged as the largest market for the global data center liquid cooling market in 2022.

• In 2022, the revenue from the North American data centre cooling industry exceeded USD xx.xx billion. Artificial intelligence application has compelled businesses to make investments in cutting-edge cooling technology for data centre infrastructure. The temperature in data centre facilities that store and process enormous volumes of data is significantly raised by compute-intensive AI. The demand for new solutions is increasing as high-density AI technology outperforms traditional cooling capacity.

List of Key Market Players

• ABB Group
• Vertiv Group Co.
• Black Box Corporation
• Rittal GmBH & Co.
• KG
• STULZ GmBH

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• Vertiv Holdings Co. recently introduced the Vertiv VRC-S, a rack cooling system with integrated equipment for infrastructure support.

Market Segmentation

Data Center Liquid Cooling Market, By Component

• Solution
• Services

Data Center Liquid Cooling Market, By Cooling Technique

• Rack/ row based
• Room-based

Data Center Liquid Cooling Market, By Application

• BFSI
• Cocolation
• Energy
• Government
• Healthcare
• Manufacturing
• IT & Telecom
• Others

Data Center Liquid Cooling Market, Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa