Data Center Liquid Cooling Global Market Report 2023: Increasing Need for Sustainable Cooling Solutions Drives Demand
Global Data Center Liquid Cooling Market
Dublin, Jan. 12, 2023 (GLOBE NEWSWIRE) -- The "Data Center Liquid Cooling Market - A Global and Regional Analysis: Focus on Product, Application, and Country Analysis - Analysis and Forecast, 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global data center liquid cooling market was valued at $3.49 billion in 2022, which is expected to grow with a CAGR of 27.67% and reach $11.84 billion by 2027. The growth in the global data center liquid cooling market is expected to be driven by increased water scarcity and boosting number of edge, colocation, and hyper data centers.
Market Lifecycle Stage
The data center liquid cooling market is in a growth phase. Cooling is a standard part of data center operations as servers and networking devices constantly run 24/7, which increases the core temperature, which if not controlled, can lead to a data center outage.
Reducing water scarcity, climate actions, sustainable urban infrastructure, and recycling and reusability are some of the United Nations Sustainable Development Goals (SDGs) that are expected to drive innovations and improvements toward the adoption of liquid cooling technologies. Therefore, a growing number of data centers is resulting in a boost in the utilization of data center liquid cooling techniques.
Impact
Data center liquid cooling highly impacts thermal management techniques with the use of dielectric coolants, which can be potentially used on high-density data centers. This dielectric liquid permits deploying CPU and GPU clusters much closer collectively, i.e., in high-density configurations, while protecting crucial elements from thermal and environmental risks.
Data center liquid cooling bridges the gap between traditional and future data centers. It not only improves the data infrastructure system efficiency but also cuts by a huge margin the amount of energy consumed. This leads to reduced energy bills and carbon footprint.
Report Attribute | Details |
No. of Pages | 352 |
Forecast Period | 2022 - 2027 |
Estimated Market Value (USD) in 2022 | $3.49 Billion |
Forecasted Market Value (USD) by 2027 | $11.84 Billion |
Compound Annual Growth Rate | 27.7% |
Regions Covered | Global |
Business Dynamics
Business Drivers
Increasing Data Center Spending
Growing Need for Hyper-Scale Data Centers
Thermal Energy Recovery and Conversion from Data Centers
Increasing Need for Sustainable Cooling Solutions
Increasing Government Initiatives for Carbon-Neutral and Energy-Efficient Data Centers
Need to Curb Water Usage Due to Increasing Water Scarcity
Growing Number of Green and Smart City Projects
Reduction in Operational Costs
Extends the Life of Equipment and Hardware
Resource Saving Technology
Reduction of Floor Space Needed by Data Centers
Sustainable Development Efforts and CSR Activities
Rising Electricity Tariffs Globally
High-Efficiency Cooling Solutions
Emerging Technologies Promote Cost-Effectiveness
AI-Assisted Automatic Cooling Control
Power Usage Effectiveness (PUE) Optimization with Economic Cooling Solutions
Business Challenges
High Investment Costs
Alternative Technologies Existing in the Market
Additional Costs in Case of System Failures and Fluid Leakages
Fluid Leakages Add to Costs
Data Center Liquid Cooling Systems Susceptible to Breakdowns
Equipment and Hardware to be Pre-Designed and Modified
Business Opportunities
Increasing Efficiency of Existing Data Centers
Conversion of Old Buildings to Data Centers
Increasing Demand for Data Centers
Need for Edge, Colocation, and Hyper-Scale Data Center
Increasing Number of Distributed or Edge Data Centers
Growth in Penetration Rate of Internet and Cloud Services
Increased Rack Density
Increased Adoption of Blockchain Technologies and Growing Demand for Crypto Mining
Increasing Research and Development Activities
Transition from Onsite Storage Facility to Cloud Connectivity
Integration with Emerging Technologies
Market Segmentation
Segmentation 1: by End-Use Industry
IT and Telecom
Banking, Financial Services, and Insurance (BFSI)
Government and Public Sector
Manufacturing
Healthcare
Retail
Others
The IT and telecom segment is the dominating application segment. With the introduction of new technologies such as 5G, IoT, virtual and augmented reality, and artificial intelligence, the telecommunications industry is evolving to cater to huge data processing. As a result, telecom data centers are also transforming to handle high data volume and low latency needs. The banking, financial services, and insurance (BFSI) segment is expected to anticipate the highest growth rate due to being digitized, which involves utilizing the most cutting-edge technology, which will boost the data center usage, thereby augmenting the data center cooling solutions.
Segmentation 2: by Data Center
Hyperscale
Colocation
Enterprise
Others
Segmentation 3: by Solution
Indirect Cooling
Direct Cooling
Based on liquid cooling, the indirect segment is expected to dominate the global data center cooling market since it is a highly efficient way to minimize energy usage while maximizing chilling capabilities. Moreover, the direct segment witnesses a higher growth rate due to emerging cooling solutions such as direct-to-chip and immersion.
Key Market Players and Competition Synopsis
ALFA LAVAL
Asetek, Inc
Asperitas
Black Box
Boyd
Chilldyne
COOLIT SYSTEMS
DCX The Liquid Cooling Company
ExaScaler Inc
FUJITSU
Green Revolution Cooling, Inc
Iceotope Technologies Limited
LiquidStack and Allied Control
Motivair Corporation
Nortek Air Solutions, LLC
Rittal GmbH & Co. KG
Schneider Electric
Submer
Wiwynn
ZutaCore
JETCOOL Technologies Inc
CoolestDC
TMGcore, Inc.
FLUIX Inc
Ferveret
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