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Data Center Liquid Cooling Market size worth over $7bn by 2028

  • Published Date: April 8, 2022

Data Center Liquid Cooling Market size is set to surpass USD 7 billion by 2028, according to a new research report by Global Market Insights Inc.

The growing use of OTT and streaming services has resulted in increased data volumes, fueling the market development. The increasing amount of data generated by online streaming services, such as Disney+ Hotstar, Hulu, and Netflix, will drive the demand for data center liquid cooling systems that deliver effective cooling performance. In the market, there is a rising need to ensure that data center liquid cooling providers have the capacity & capability to deliver high-performance products that can work efficiently during peak traffic periods.

The COVID-19 pandemic negatively impacted the data center liquid cooling market in 2020 owing to stringent lockdown measures and supply chain disruptions. In 2021, data centers witnessed an influx of network traffic as in 2020, the businesses moved their operations online and consumers adopted at-home entertainment and education services. A rise in the number of internet users facilitated the need for high-performance data centers to process massive amount of data. This encouraged the companies to introduce advanced data center liquid cooling solutions. The industry participants will focus on offering technologically advanced products specifically for the cloud service providers in the coming years.

Growing adoption of direct-to-chip data center liquid cooling for advanced computing will provide impetus to the market value

The direct-to-chip data center liquid cooling market is poised to showcase significant gains impelled by the rise in digitization leading to an increase in computing power, demanding integration of large chips into data centers. Powerful hardware for Artificial Intelligence (AI) workloads is reshaping the design of data centers and their cooling requirements. Manufacturers are introducing large semiconductor chips to optimize the performance for AI and High-Performance Computing (HPC) workloads. The use of powerful GPUs in AI and HPC environments is supporting the need for direct-to-chip data center liquid cooling technologies.

Browse key industry insights spread across 365 pages with 404 market data tables and 33 figures & charts from the report, “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, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028”, in detail along with the table of contents:

Rising demand for data centers by healthcare providers to store critical data is boosting the market growth

The usage of digital technologies in the healthcare sector is surging the demand for high-performance data center infrastructures. The increased volume of medical data due to technologies, such as telehealth and telemedicine, requires robust IT infrastructures for data management, driving healthcare companies to adopt data centers.

The presence of industry leaders such as Doctolib, H4D, and Telemedicine Technologies, increases the data center liquid cooling market demand. Big data analytics can process data collected from telehealth platforms, such as vital signs, symptoms, patient behavior, and historical medical records, to allow risk prediction and management. Data-driven analytics is an important component for ensuring the efficacy & efficiency of telehealth. The data center market players employ energy-efficient liquid cooling solutions that enable healthcare organizations to securely store & analyze this critical data.

Growing digitalization in the manufacturing sector offers growth opportunities to the market in APAC region

Data Center Liquid Cooling Market Trends

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Asia Pacific data center liquid cooling market is expected to register a 20% growth rate by 2028 on account of the booming manufacturing sector in the region. The rising acceptance of advanced technologies, such as AI, cloud, and machine learning, in India, China, Japan, and Singapore will support the market progression. In the market, industrial Internet of Things (IIoT) is being incorporated in the manufacturing sector, leading to a rise in the amount of data generated. This results in the mounting pressure for the construction of data center infrastructures with energy-efficient cooling systems to reduce energy losses and maintain Power Usage Effectiveness (PUE).

Product launches form a key strategy amongst market players

Leading participants operating in the data center liquid cooling market are Aecorsis BV (Asperitas), Alfa Laval AB, Asetek A/S, Bitfury Group Limited (Allied Control Ltd.), 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), Rittal GmbH & Co. KG, Schneider Electric SE, Stulz GmbH, Submer Technologies, 3M Company, and Vertiv, Co. These leaders are introducing new products with enhanced rack, power, and cooling technologies and focusing on product innovations to remain competitive in the market.

Authors: Preeti Wadhwani, Saloni Gankar