Data Center Liquid Cooling Global Market Size, Share, By Component, By Data Center Type, By End-User, By Region And Segment Forecast 2024-2033 | Asetek Inc., Fujitsu Limited, Vertiv Group Corp, 3M Company, Aspen Systems Inc.

Overview and Scope
Data center liquid cooling refers to cooling technologies that are used to control the temperature of the data center. These data centers are cooled using a combination of air conditioning and immersion cooling to optimize energy consumption and allow the data center to operate at high availability and density. The liquid-cooled system can reduce overall power consumption and improve power usage effectiveness in a data center facility.

Sizing and Forecast
The data center liquid cooling market size has grown exponentially in recent years. It will grow from $3.41 billion in 2023 to $4.24 billion in 2024 at a compound annual growth rate (CAGR) of 24.5%. The growth in the historic period can be attributed to increased data collection, growth of data center, energy efficiency demands, cloud computing growth, expansion of hyperscale data centers.

The data center liquid cooling market size is expected to see exponential growth in the next few years. It will grow to $10.61 billion in 2028 at a compound annual growth rate (CAGR) of 25.8%. The growth in the forecast period can be attributed to growing need for data storage, edge computing and micro data centers, environmental sustainability, data security and privacy concerns, and regulatory compliance. Major trends in the forecast period include edge computing and micro data centers, ai and machine learning workloads, 5g network expansion, technological innovations, innovative solutions, and strategic partnerships.

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Segmentation & Regional Insights
The data center liquid cooling market covered in this report is segmented –
1) By Type: Single Phase Cooling, Two Phase Cooling
2) By Component: Solutions, Services
3) By Data Center Type: Hyperscale Centers, Enterprise type, Colocation Data Centers, Other Data Center Types
4) By Industry Type: Telecom and IT, BFSI, Research, Energy, Government and Academia, Healthcare, Other Industry Types

North America was the largest region in the data center liquid cooling market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data center liquid cooling market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The increasing number of data centers and server density is expected to propel the growth of the data center liquid cooling market going forward. Data centers have become an integral part of business operations in enterprises due to their number of advantages in supporting the business in various aspects such as computation, data storage, network, business applications, and other functions for the smooth functioning of business operations. Due to these advantages, there is an increase in the number of data centers and server density, ultimately raising the demand for liquid cooling systems. For instance, in September 2021, according to an article published by phoenix NAP, a US-based company offering progressive Infrastructure-as-a-Service solutions, technologies such as cloud services, virtualization and containerization, artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), blockchains, and edge computing require high processing power and high-density racks exceeding the traditional 2 to 5kW average. With this increased demand for compute-intensive workloads, the average server density in enterprises and on-premises data centers has increased from 7.3 kW per rack in 2019 to 8.4 kW per rack in 2021. Therefore, the increasing number of data centers and server density are driving the growth of the data center liquid cooling market.

Key Industry Players
Major companies operating in the data center liquid cooling market include Asetek Inc., Rittal GmbH & Co. KG, Fujitsu Limited, Vertiv Group Corp, Green Revolution Cooling Inc, Submer Technologies SL, Midas Green Technologies LLC, Schneider Electric SE, Alfa Laval AB, Chilldyne Inc, Iceotope Technologies Limited, CoolIT Systems Inc, 3M Company, Aspen Systems Inc, Mitsubishi Group, IBM Corporation, ExaScaler Inc, Stulz GmbH, Ebullient Inc, Aquila Group Holdings Limited, LiquidStack Inc, KyotoCooling BV, Asperitas B.V., Airedale International Air Conditioning Ltd, Motivair Corporation, Munters Group AB, Aegis Data Ltd, DownUnder GeoSolutions (DUG) Pty Ltd, Delta Electronics Inc.

The data center liquid cooling market report table of contents includes:
1. Executive Summary