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Data Center Liquid Cooling Market Size By Component (Solution [Direct-to-Chip, Immersive {IT Chassis, Tub/Open Bath}], Services [Managed, Professional]), By End-Use (Enterprise [BFSI, Retail & E-Commerce, Government, Healthcare, Manufacturing, IT Enabled Services (ITeS)], Telecom Service Providers, Cloud Service Providers), COVID-19 Impact Analysis, Growth Potential, Regional Outlook, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI3090
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Statistics

Data Center Liquid Cooling Market size surpassed USD 2 billion in 2022 and is anticipated to record 15% CAGR during 2023 to 2032, driven by the surge in demand for compact and energy-efficient cooling solutions across developed economies.
 

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The next-generation technologies such as driverless cars, robots, the internet of things (IoT), artificial intelligence and streaming videos have picked pace, notably across North America. This scenario has amplified data traffic resulting in a significant power burden on the regional data centers. Increasing demand for sustainable cooling solutions can be attributed to their massive loads of energy consumption. To reduce power consumption and adhere to the ambitious emission standards and footprint goals set by different governments, data center operators worldwide are rapidly adopting energy-efficient and cost-effective liquid cooling technologies.
 

High maintenance costs to restrain data center liquid cooling market growth

Liquid cooling technologies installed in data centers need substantial capital backup to suffice the high maintenance costs associated with these solutions. The use of chip cooling processes relies on a large number of components such as CPU or GPU in a server, which when cooled with water increase the risk of failure. Hence, operators are required to spend liberally on maintenance and related expenses to avoid the breakdown of systems. On the contrary, modular data center cooling models are gaining momentum owing to benefits such as faster deployment, streamlined planning, better reliability, and improved overall efficiency.
 

Growing demand for direct-to-chip data center liquid cooling solutions

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Solution segment held more than 74% of the data center liquid cooling market share in 2022. Advancements in high-performance computing (HPC) technologies is encouraging the development of novel data center cooling solutions with precise temperature control capabilities. Increasing use of next-generation processors is compelling companies to deploy innovative solutions that can effectively withstand high computing power.
 

The direct-to-chip accounted for more than 55% industry share in 2022. Data center operators are rapidly switching to these solutions to address the growing energy consumption by powerful processors. This type of rack-level cooling technology is replacing conventional air-cooling solutions while representing lucrative business prospects. High processing capacity, reduced downtime, lower energy needs, and limited space are among the key advantages of switching air cooling with direct-to-chip solutions.
 

Rising government spending in data center expansion to boost installation of liquid cooling systems

The enterprise end-users in the market for data center liquid solution accounted for more than 49% share in 2022. Rapid globalization and penetration of digitization trends are accelerating the necessity of cloud computing in several sectors for safe data storage. Enterprises with burgeoning data management and storage needs are leveraging the cloud to ensure security, thereby fueling the need for power consumption and cooling technologies.
 

The government sector is estimated to reach over USD 461 million by 2032. Increasing popularity of smart technologies worldwide along with surging demand for improved transparency and accountability in the sector have contributed to the massive amounts of data generated in recent years. Public entities and government institutions are increasingly investing in the expansion of their data centers with a view of enhancing operational efficiencies.
 

Sustainable data center development initiatives in Europe

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Europe is projected to capture around 39% of the data center liquid cooling market share by 2032. A dynamic growth in the number of new data center construction projects will create a higher demand for liquid cooling needs in the region. Furthermore, facility providers are implementing highly innovative strategies including unique green data centers and are reducing TCO & CapEx while enhancing server density, to enable the operation of advanced technologies.
 

Product developments to complement competitive landscape

Some of the leading companies in the data center liquid cooling business include Asetek AS, Green Revolution Cooling, Inc., Schneider Electric SE, Iceotope Technologies Limited, Avnet, and Submer Technologies. These companies are primarily focusing on new product developments and advancements of portfolios. For instance, in October 2022, Google Cloud collaborated with Intel to unveil the E2000 chip for enhancing data center performance.
 

of COVID-19 pandemic on industry outlook

The COVID-19 crisis resulted in a moderate impact on the data center liquid cooling market. The pandemic rendered a dynamic shift in the way businesses are conducted with the rapid implementation of work-from-home culture. It significantly catalyzed digitalization with the booming e-commerce sector and a surge in in-home data consumption on digital platforms. Lockdown restrictions further increased dependence on digital technologies for work, education, and entertainment, thus propelling the need for energy-efficient cooling solutions. Increasing focus on performing data center operations more sustainably in the wake of the pandemic fueled the demand for cooling systems.
 

This market research report on data center liquid cooling includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

Market, By Component

  • Solution
    • Direct to chip
    • Immersive
      • IT Chassis
      • Tub/Open bath
  • Services
    • Managed services
    • Professional services

Market, By End-use

  • Enterprise
    • BFSI
    • Retail & e-commerce
    • Government
    • Healthcare
    • Manufacturing
    • IT enabled Services (ITeS)
    • Others
  • Telecom Service Provider
  • Cloud Service Provider

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Poland
    • Spain
    • Benelux
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Singapore
  • South America
    • Brazil
    • Argentina
    • Chile
    • Colombia
  • MEA
    • South Africa
    • GCC

 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of data center liquid cooling crossed USD 2 billion in 2022 and is anticipated to register 15% CAGR from 2023 to 2032, according to GMI report.
Among data center cooling solutions, direct-to-chip accounted for more than 55% revenue share in 2022 owing to growing energy-efficiency needs among data center operators.
Europe is projected to hold more than 39% of the market share by 2032 owing to a rise in green data center construction projects in the region.
Asetek AS, Schneider Electric SE, Iceotope Technologies Limited, Avnet, and Submer Technologies are some of the leading companies in the competitive landscape.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 460
  • Countries covered: 19
  • Pages: 350
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