Global Data Center Liquid Cooling Market Size To Grow 13.19 Billion By 2032 | CAGR 14.74%

Global Data Center Liquid Cooling Market worth 13.19  Billion By 2032

According to a research report published by Spherical Insights & Consulting, the Global Data Center Liquid Cooling Market Size to grow from USD 2.31 billion in 2022 to USD 13.19 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 14.74% during the forecast period.

Browse 53 market data Tables and 63 Figures spread through 205 Pages and in-depth TOC on “Global Data Center Liquid Cooling Market Size, Share, and COVID-19 Impact Analysis, By Component (Solution, Services), By Cooling Technique (Rack/Row-Based, Room-Based), By Data Center Size (Small Data Center, Medium Data Center, Large Data Center), By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom, Others), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032”  https://www.sphericalinsights.com/reports/data-center-liquid-cooling-market 

The data cooling systems are heavily utilised by data centre operators. A data cooling system is absolutely important to make sure that the temperature produced when using a lot of data does not go above the allowed heat range. The main goal of the data cooling centre is dissipation, which protects against damage from overheating equipment. As the situation of the environment worsens, businesses are embracing environmentally friendly cooling techniques. Keeping the chillers off for at least 75% of the time, free-air cooling systems can be employed to sustainably and environmentally-friendly cool the power sources in data centres. Rising demand for compact, energy-efficient cooling systems, as well as lower running costs and improved overclocking capabilities, are the primary market growth drivers. Liquid cooling for data centres is expected to benefit greatly from advances in high-density cooling, other emerging technologies, and artificial intelligence. End-to-end data centre solutions, multi-core computing, artificial intelligence (AI), and machine learning (ML), along with high-performance, high-frequency, and intensive workload circumstances, are crucial for data centres. The latest developments in indirect or direct-on-chip liquid cooling and system integrator services allow data centre operators to satisfy a range of requests from all corners of the company. The high power consumption during the cooling process and the expensive setup expenses are two obstacles that are preventing the market's expansion. The backup plan for any disruptions is another issue that could negatively impact the market trend.

Solution segment to hold the maximum market share of 10%.

On the basis of component, the global data center liquid cooling systems market is segmented into solution and service. Over the course of the forecast, the solution segment is predicted to have the highest market share of 10%. The enormous power density in data centres has compelled businesses to implement novel cooling techniques in order to withstand the computing capability of next-generation processors, which will accelerate segment growth by 2032.

Rack/row cooling technology dominates the market with overall revenue of USD 1 billion

Based on cooling technique, the global data center liquid cooling systems market is segmented into rack/row based and room-based. With a total revenue of USD 1 billion in 2022, the rack/row based cooling technology is leading the market and is likely to keep leading over the forecast period. This is so that it may be used in diverse businesses and delivers efficiency and greater agility. Since rack/row-based cooling reduces superfluous airflow and enables enterprises to save 50% of fan power, the demand for the technology will rise.

Large data center cooling market is going to witness the market growth of about 10%.

On the basis of data center size, the global data center liquid cooling systems market is segmented into small data center, medium data center, and large data center. Among these, it is predicted that the market for large data centre cooling would rise by roughly 10% in the next years. The segmental expansion is being driven by prominent market players' growing deployment of hyperscale data centre facilities. In addition to this, rising government and private sector investments in data centres and cloud computing are boosting demand for cooling solutions in big data centres.

BFSI segment to witness the growth rate of around 15%.

Based on application, the global data center liquid cooling market is segmented into BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom. Among them, the BFSI sector is predicted to develop at a rate of more than 15% in the next years. The banks' need to save as much customer data as possible has been motivated by the rising use of internet and mobile banking, which has increased demand for data centre equipment. Additionally, banks have been investing in data centres in an effort to stay competitive and are heavily emphasising cloud solutions due to their affordability, which is predicted to drive the segmental expansion.

North America to register the highest market growth over the forecast period.

The Global Data Center Liquid Cooling Market has been segmented into five major regions:  North America, Europe, Asia-Pacific, South America, The Middle East and Africa. The North American data centre cooling market will generate more than USD xx.xx billion in sales in 2022. Businesses have been forced by the use of artificial intelligence to invest in cutting-edge cooling systems for data centre infrastructure. Compute-intensive AI considerably raises the temperature in data centre facilities that store and analyse massive volumes of data. Because high-density AI technology surpasses conventional cooling capacity, there is a growing need for novel solutions.

Key Vendors in Data Center Cooling Market: Avnet, Schneider Electric SE, Green Revolution Cooling, Inc., Asetek AS, Iceotope Technologies Limited, and Submer Technologies are some of the leading companies in the global business scenario. These participants are foraying into partnerships and acquisitions to strengthen their product portfolio.

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