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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 Industry Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028

  • Report ID: GMI3090
  • Base Year: 2021
  • Report Format: PDF

Industry Trends

Data Center Liquid Cooling Market size exceeded USD 2 billion in 2021 and is projected to expand at over 20% CAGR from 2022 to 2028. The rising energy consumption in data center facilities is encouraging companies to adopt innovative liquid cooling solutions.
 

Data Center Liquid Cooling Market Overview

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Several data center operators are adopting tools, such as LEED v4, Arc, EDGE, and direct-to-chip liquid cooling technology, to keep a check on the energy consumption levels. Hence, the datacenter operators are adopting noise-free and compact liquid cooling solutions to maintain ideal and efficient operating conditions.
 

The pandemic had a moderate impact on the market in 2020 led by the stringent lockdown measures, with the industry witnessing a decline in the demand for new data center liquid cooling systems owing to the halts in data center development projects during lockdowns. The market showcased a steady growth in 2021, driven by the demand for online services and more data capacity needed for various application domains. At present, the demand for managed network services and remote working applications has increased due to which companies are investing in various emerging technologies.
 

Expanding BFSI sector will boost the market demand in UK region

Data Center Liquid Cooling Market Size

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The UK data center liquid cooling market is predicted to observe a 26% growth rate till 2028, with several sectors witnessing a digital transition with organizations switching from traditional physical documents to digital services during the pandemic. In the BFSI sector, increasing usage of online payments has stimulated the demand for data centers that offer continuous & reliable services through advanced cooling capabilities for servers.
 

According to the UK Finance, in July 2021, contactless payments accounted for 88.1% of all credit card transactions and 90.8% of all debit card transactions. These factors increased the market share of data center liquid cooling systems in the UK.
 

High acceptance of hyperscale data centers in China is supporting the adoption of immersive cooling solution

China direct to chip data center liquid cooling market is estimated to attain a CAGR of 24% by 2028 impelled by the increasing construction of hyperscale data centers that require reduced energy consumption to lower the Power Usage Effectiveness (PUE). The industry players are offering data center liquid cooling systems that transfer chilled liquid directly to the chip for cooling powerful processors and help avoid heat flux, keeping the components at constant temperature. This enables the cooling of higher rack densities and lowers operating costs, further enhancing the usage of data center liquid cooling. The growing acceptance of 5G services is driving the construction of hyperscale data centers, thereby fueling the market expansion.
 

Increasing investments in data centers by cloud infrastructure providers are supporting the market growth

North America Data Center Liquid Cooling Market By Country

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North America data center liquid cooling market held 35% of the global revenue share in 2021 on account of the presence of key cloud service providers such as Google, LLC, Microsoft Corporation, and Facebook, Inc. These leaders are developing their data centers with high-quality servers, racks, and other IT equipment. With a sharp rise in cloud data centers for high processing power applications, servers are required to function constantly with high speed. Further, the rapid cloud adoption and increasing internet consumption among enterprises operating in the region are proliferating the market revenue.
 

Companies offer efficient thermal management solutions to operate these data centers smoothly with a minimal down time. Reliability of network, security & compliance, hybrid cloud, and scalability are some of the benefits that are attracting cloud service providers to adopt data center liquid cooling technology.
 

Partnerships & collaborations continue to be one of the key strategies of the market players

Key participants operating in the market are Aecorsis BV (Asperitas), Alfa Laval AB, Asetek A/S, Bitfury Group Limited (Allied Control Ltd.), Rittal GmbH & Co. KG, Black Box Corporation (AGC Networks Pvt Limited), Chilldyne Inc., CoollIT Systems Inc., DCX The Liquid Cooling Company, Green Revolution Cooling (GRC), Inc., IBM Corporation, Iceotope Technologies Limited, LiquidCool Solutions, Inc., Midas Green Technologies, LLC, Mitsubishi Electric Corporation (Mitsubishi Group), Schneider Electric SE, Stulz GmbH, Submer Technologies, 3M Company, and Vertiv, Co. These leaders are focusing on strategic collaborations to test the potential of data center liquid cooling systems and accelerate their implementation.
 

The data center liquid cooling market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2028 for the following segments:

Market, By Component

  • Solution
    • Direct-to-chip liquid cooling
    • Immersive liquid cooling
      • IT chassis
      • Tub/open bath
  • Services
    • Managed
    • Professional

Market, By End-Use

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

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
    • India
    • Japan
    • Singapore
    • Australia
  • South America
    • Brazil
    • Argentina
    • Chile
    • Colombia
  • MEA
    • GCC
    • South Africa

 

Authors: Preeti Wadhwani, Saloni Gankar

Frequently Asked Questions (FAQ) :

The market size of data center liquid cooling crossed USD 2 billion in 2021 and is set to showcase more than 20% CAGR during the forecast period of 2022-2028.

China direct-to-chip segment is estimated to record 24% CAGR through 2028 due to the rising construction of hyperscale data centers that require decreased energy consumption.

The U.K. data center liquid cooling will observe 26% CAGR through 2028 as organizations across the region transitioned from conventional physical documents to digital services during the pandemic period.

North America held 35% of the market share in 2021 due to the strong presence of cloud service providers, such as Google LLC, Facebook, Inc., and Microsoft Corporation.

Asetek A/S, Alfa Laval AB, Aecorsis BV (Asperitas), Bitfury Group Limited (Allied Control Ltd.), Black Box Corporation (AGC Networks Pvt. Limited), and Rittal GmbH & Co. KG, among others, are the major players in this market.

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Premium Report Details

  • Published Date: Apr 2022
  • Companies covered: 20
  • Tables & Figures: 437
  • Countries covered: 20
  • Pages: 365

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