The global data center liquid cooling market size is anticipated to witness phenomenal growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is expected to surpass a valuation of USD 2,660.1 million in 2023. It is predicted to reach a valuation of USD 15,974.3 million by 2033. The market is foreseen to thrive at an astronomical CAGR of 19.6% from 2023 to 2033.
Emerging technologies and the rising need for energy-efficient cooling solutions are all contributing to the growth of the data center liquid cooling industry.
Growing demand for energy-efficient cooling solutions, compact and noise-free solutions, the need for lower operating costs, and improved overclocking capability are all prominent reasons driving market expansion. Furthermore, variables such as artificial intelligence developments, blockchain, and other emerging technologies, as well as high-density cooling, are likely to provide significant prospects for data center liquid cooling manufacturers.
| Attribute | Details |
|---|---|
| Data Center Liquid Cooling Market Share (2022) | USD 2,254.3 million |
| Data Center Liquid Cooling Market Share (2023) | USD 2,660.1 million |
| Data Center Liquid Cooling Market Share (2033) | USD 15,974.3 million |
| Data Center Liquid Cooling Market Share (2023 to 2033) | 19.6% |
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The global data center liquid cooling industry size expanded at a CAGR of 17.5% from 2018 to 2022. In 2018, the global market size stood at USD 1,180.7 million. In the following years, the market witnessed significant growth, accounting for USD 2,254.3 million in 2022.
Higher processing density could potentially be achieved in data centers within the same physical footprint through liquid cooling. Liquid cooling technologies enable the installation of more equipment in a smaller area by effectively eliminating heat. This is especially important in settings where space is expensive or scarce since it enables data centers to increase their processing power without changing their physical infrastructure.
Data centers are under pressure to lower their carbon footprint and energy use as environmental sustainability is becoming more and more of a concern. Compared to conventional air cooling, liquid cooling is a more ecologically friendly option since it increases energy efficiency and lessens the need for power-hungry cooling equipment. Data centers may aid in the development of a greener, more sustainable IT infrastructure by implementing liquid cooling technology.
High-performance, great-frequency, and intensive workload conditions, multi-core computing, such as artificial intelligence, machine learning, and end-to-end data center solutions, are in high demand in data centers. Data center owners may address a wide range of needs across the company, with the newest developments in indirect or direct-on-chip liquid cooling and system integrator services.
The increasing adoption of cold plates, direct liquid cooling (DLC), indirect liquid cooling, and rack liquid cooling by various end users. Such as cloud providers, colocation providers, hyperscale data centers, and others, are expected to drive demand for data center liquid cooling technology.
Data centers are experiencing unprecedented computation and core count-hungry applications in today's era. As traditional air cooling hits its limits, data center operators and owners must rethink rising density and the challenges they entail.
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More than simply, mainframes and supercomputers benefit from liquid cooling in data centers.
Water and other liquids are far more efficient at carrying heat than air, and they can also remove some problems that come with air cooling systems. Especially as computer density rises and data centers grow, boosting the demand in the market. Liquid cooling technology has a far higher heat capacity than air; water is 4,000 times more efficient than air. This method provides improved energy efficiency across the data center when compared to air-cooled sites, with rack density estimates north of 50 kW.
The market is segmented into data center type, component, end-use, and region.
Enterprises favor liquid cooling systems for end users, which can be ascribed to customers' growing IT demands. By lowering downtime and enhancing disaster recovery capabilities, data center services assist save costs and preserving server availability. Due to these advantages, businesses are increasingly using data center liquid cooling in their data centers. As a result, the data center cooling market is anticipated to reach USD 3.2 billion by 2024.
By component, the FMI study finds that the solution component has a high revenue potential through 2033.
The adoption of the solution system is expected to be a CAGR of 18.6% during the forecast period. In 2022, the solution segment by component captured 55.4% shares in the global market. Key suppliers offer a variety of liquid cooling options, while niche and developing vendors offer niche and emerging liquid cooling solutions. Due to their usefulness in high-density cooling, data center liquid cooling technologies are garnering a lot of interest from large end-users.
Based on data centers, large data centers are predicted to grow at a rapid rate, with a CAGR of 17.7% through 2023. In 2022, the large data center type segment captured 61.2% shares in the global market. Large data centers are distinguished by their extensive use of processing power to meet the data center needs of large corporations. These data centers are distinguished by stringent operational cost limits and a stronger demand for energy efficiency. Currently, these data centers are seeing a lot of rack- and row-based cooling solutions, but immersion cooling technologies are expected to see a lot more acceptance. Because of the higher cooling requirements of high-density server racks.
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North America, Asia Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America are the five key geographic regions that make up the global market.
Increasing technology adoption among North American organizations for reducing data center energy consumption, as well as the presence of data center liquid cooling vendors, are predicted to account for a huge market size of USD 4.1 billion over the projection period. In 2022, North America captured 34.3% shares in the global market, while the United States garnered 24.3% of global market shares. Individuals and businesses using the Internet in the United States of America are rapidly increasing. The country is a huge market for data center operations, and it is expected to continue to grow due to increased data consumption by end users.
The growing popularity of the Internet of Things (IoT) is a prominent driver for the hyper-scale data center market in the United States. Resulting in the construction of new facilities capable of handling exabytes of data generated by both commercial and consumer users.
Several sectors are experiencing a digital transformation, with enterprises migrating from traditional physical documents to digital services during the pandemic. According to the United Kingdom data center liquid cooling market, is expected to have a CAGR of 18.2% through 2033. In 2022, the United Kingdom captured 16.5% shares in the global market. Increased use of online payments in the BFSI industry has sparked demand for data centers with sophisticated cooling capabilities for servers to provide continuous and reliable services.
Companies provide effective thermal management systems to keep data centers running smoothly and with minimal downtime. Some benefits that are encouraging cloud service providers to use data center liquid cooling technologies include network reliability, security and compliance, hybrid cloud, and scalability.
The market leaders are concentrating their efforts on growing their consumer base to include international countries. To improve their market share and profitability, these companies are relying on strategic cooperation projects.
Recent Developments Observed by FMI:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; The Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Component, Data Center Type, End Use, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is valued at USD 2.6 billion in 2023.
Rittal, Vertive Holdings, and Schneider Electric are key market players.
The market will reach USD 15.9 billion by 2033.
Rising focus on implementing energy-efficient solutions will drive sales.
From 2018 to 2022, the market registered a CAGR of 17.5%.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component 5.1. Services 5.2. Solution 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Data Center Type 6.1. Small & Medium Sized Center 6.2. Large Center 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Cloud Providers 7.2. Colocation Providers 7.3. Enterprise 7.4. Hyperscale Data Centers 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Midas Green Technologies 16.2. Rittal 16.3. Vertiv Holdings 16.4. Green Revolution Cooling (GRC) 16.5. Schneider Electric 16.6. Alfa Laval AB 16.7. Asetek 16.8. Chilldyne 16.9. Asperitas 16.10. CoolIT Systems 16.11. DCX 17. Assumptions & Acronyms Used 18. Research Methodology
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Data Center Liquid Cooling Market
