Data Center Liquid Cooling Market Size & Insights
The Global Data Center Liquid Cooling Market size is valued at around USD 3.01 billion in 2024 and is projected to reach USD 9.78 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 21.70% during the forecast period, i.e., 2024-30. The factors that contributed to the growth of the data center liquid cooling have been the surging setup of data centers in the Information Technology (IT) and telecom sector and the growing focus of governments across the Middle East, Asia-Pacific, and other regions toward digitalization.
What are the Key Driver in the Data Center Liquid Cooling Market??
Increasing Data Centers for Financial Institutions to Push Demand for Data Center Liquid Cooling – Over the past few years, there has been a significant increase in the number of banks & the bankable population across the globe due to rising globalization, promoting financial inclusion and economic growth in developed & developing nations. Financial institutions are essential for every individual, including working, students, and others, since the banks pose as a safe place for storing money.
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What are the Key Segments in the Data Center Liquid Cooling Market?
The Data Center Liquid Cooling is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Cooling Type
- Cold Plates
- Direct Liquid Cooling
- Immersion
- Single-Phase
- Two-Phase
- Chilled Water Cooling
- Immersion
- Indirect Liquid Cooling
- Top-of-Row Cooling
- In-Row Cooling
- Rack Liquid Cooling
Data centers of end-user industries like Banking, financial services and Insurance (BFSI), retail or e-commerce platforms, IT and telecom, etc., are increasingly opting for cold plates to dissipate heat from the data centers & minimize the risk of hardware failures.
By End Users
- Healthcare & Lifesciences
- E-commerce and Retail
- IT and Telecom
- BFSI
- Hospitality
- Others (Energy & Utilities, Media & Entertainment, etc.)
In recent years, E-commerce and retail have witnessed significant growth due to a surge in internet penetration across the globe & the advantages of e-commerce over traditional shopping.
By Data Center Size
- Small & Medium
- Large
By Type of Data Center
- Enterprise
- Colocation
- Cloud Data Centers
- Hyperscale
- Others (Disaster Recovery (DR) Data Centers, Modular and Prefabricated Data Centers, etc.)
How does geographical analysis highlight in the Data Center Liquid Cooling market?
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
North America gained a significant market share in the Global Data Center Liquid Cooling Market due to the prevalence of IT and telecom companies like Google, Amazon, Microsoft, Facebook, and Apple in North American countries like the US & Canada.
Who are the Key Players in Data Center Liquid Cooling Market?
- Vertiv Group Corp
- Fujitsu
- Submer
- Green Revolution Cooling Inc.
- Rittal GmbH & Co. KG
- Schneider Electric
- Midas Green Technologies
- Liquidstack Holding BV
- Chilldyne Inc.
- Iceotope
- Coolit Systems
- Asperitas
- Dug Technology
- LiquidCool Solutions Inc.
- DCX Liquid Cooling Systems
- Others (Stulz GmbH, Delta Power Solutions, etc.).
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