Liquid Cooling Data Center Market to be Worth $15.9 Billion by 2031


Posted July 26, 2024 by Harshal

Liquid Cooling Data Center Market Size, Share, Forecast, & Trends Analysis by Offering (Solutions and Services), Cooling Method (Direct-to-chip, Rack-level, Immersion Cooling), Data Center Size, and End User - Global Forecast to 2031
 
Meticulous Research®—a leading global market research company, published a research report titled, ‘Liquid Cooling Data Center Market by Offering (Solutions and Services), Cooling Method (Direct-to-chip, Rack-level, Immersion Cooling), Data Center Size, End User (Network Providers, Cloud Providers, and Enterprises), and Geography - Global Forecast to 2031.’

According to this latest publication from Meticulous Research®, the liquid cooling data center market is expected to reach $15.9 billion by 2031, at a CAGR of 23.6% from 2024–2031. The growth of the liquid cooling data center market is driven by the Increasing need for efficient & secure data storage solutions, growing demand for outsourced IT infrastructure, and increasing integration of cloud computing technology. However, high upfront capital investment and complexity of implementation may restrain the growth of this market.

Furthermore, rising demand for green data center initiatives and rapid advancement of emerging technologies are expected to offer significant growth opportunities for players operating in the liquid cooling data center market. However, the operational challenges, regulatory compliance and safety standards, and perceived risk of leakage may hinder the growth of this market.

The liquid cooling data center market is segmented into offering (solutions {air conditioning, chilling units, cooling towers, economizer systems, liquid cooling systems, control systems, and others solutions} and services {training & support, installation & deployment, and maintenance & support}), cooling method (direct-to-chip liquid cooling, rack-level liquid cooling, immersion cooling, rear-door heat exchange, modular liquid cooling, and other cooling methods), data center size (small-scale data centers, medium-scale data centers, and hyperscale data centers), and end user (network providers, cloud providers, and enterprises {retail & e-commerce, healthcare, IT & telecommunications, BFSI, media & entertainment, and other enterprises}). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

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Based on offering, the liquid cooling data center market is segmented into solutions and services. Further, the solutions segment is segmented into air conditioning, chilling units, cooling towers, economizer systems, liquid cooling systems, control systems, and other solutions. The services segment is segmented into training & support, installation & deployment, and maintenance & support. In 2024, the solutions segment is expected to account for the larger share of above 72.0% of the liquid cooling data center market. The growth of this segment is attributed to the various factors as liquid cooling can significantly improve energy efficiency in data centers by reducing the need for mechanical cooling systems. As energy costs continue to rise and environmental concerns grow, businesses are increasingly adopting liquid cooling to meet sustainability goals and reduce operating expenses. Such factors help to drive the market.

However, the services segment is projected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to various factors, as implementing and maintaining liquid cooling systems in data centers requires specialized expertise and resources. As liquid cooling technologies evolve and become more sophisticated, there is a growing demand for professional services to design, deploy, optimize, and manage these complex infrastructures. Liquid cooling solutions often need to be customized and integrated with existing data center infrastructure, including servers, racks, and networking equipment. Data center service providers play a crucial role in tailoring liquid cooling solutions to meet the unique requirements of each customer's environment and ensuring seamless integration with their existing systems.

Based on cooling method, the liquid cooling data center market is segmented into direct-to-chip liquid cooling, rack-level liquid cooling, immersion cooling, rear-door heat exchange, modular liquid cooling, and other cooling methods. In 2024, the immersion cooling segment is expected to account for the largest share of the liquid cooling data center market. Immersion cooling offers superior cooling efficiency compared to traditional air-based cooling methods. By directly immersing IT components in a dielectric fluid, heat can be efficiently dissipated from hotspots, leading to more uniform temperature distribution and better thermal management. This capability enables data centers to support higher power densities and achieve better overall cooling performance. Such factors are further expected to support the adoption of the immersion cooling segment, thereby fueling the growth of the overall liquid cooling data center market in the coming years.

Additionally, the immersion cooling segment is projected to register the highest CAGR during the forecast period.

Based on data center size, the liquid cooling data center market is segmented into small-scale data centers, medium-scale data centers, and hyperscale data centers. In 2024, the medium-scale data center segment is expected to account for the largest share of above 61.0% of the liquid cooling data center market. Medium-scale data centers often operate in environments where space is at a premium. Liquid cooling solutions, including immersion cooling and direct-to-chip cooling, offer more efficient heat dissipation compared to traditional air cooling methods. This allows medium-scale data centers to maximize the use of available space by supporting higher power densities and denser server deployments without compromising on cooling effectiveness. Such factors are expected to support the growth of the medium-scale liquid cooling data center segment during the forecast period.

Additionally, the medium-scale data center segment is projected to register the highest CAGR during the forecast period.

Based on end user, the liquid cooling data center market is segmented into network providers, cloud providers, and enterprises. The enterprises segment is segmented into retail & e-commerce, healthcare, IT & telecommunications, BFSI, media & entertainment, and other enterprises. In 2024, the enterprises segment is expected to account for the largest share of above 47.0% of the liquid cooling data center market. The large market share of this segment is attributed to the increasing use of colocation services to ensure reliable & scalable infrastructure, the increasing need for a secure and compliant environment to host sensitive patient data and critical applications, the growing need to support IT & telecommunications networks, data storage, and processing requirements. Also, liquid cooling solutions offer greater energy efficiency compared to traditional air cooling methods by reducing the need for mechanical cooling and optimizing thermal management. As energy costs continue to rise and environmental concerns grow, IT and telecommunications companies are increasingly turning to liquid cooling to reduce operational expenses and meet sustainability goals.

Additionally, the enterprises segment is projected to register the highest CAGR during the forecast period.

Based on geography, the liquid cooling data center market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of above 36.0% of the liquid cooling data center market. The high growth of this region is driven by stringent regulations and sustainability initiatives aimed at reducing energy consumption and carbon emissions in data center operations. Liquid cooling solutions offer greater energy efficiency compared to traditional air cooling methods, making them attractive options for data center operators looking to minimize their environmental footprint and comply with regulatory requirements. Moreover, various key players in this market have launched various initiatives in the development of the market. For instance, in November 2023, Vertiv (U.S.), a global provider of critical digital infrastructure and continuity solutions, launched Vertiv SmartMod Max CW, a prefabricated modular data center designed to address the growing demand for rapid deployment of compute. This configurable and scalable solution supports up to 200kW of total IT load in a single system and utilizes chilled water cooling for reduced environmental impact and energy efficiency.

However, Asia-Pacific is expected to record the highest CAGR of 25.0% during the forecast period. The Asia-Pacific region is experiencing rapid growth in data center infrastructure, driven by increasing internet penetration, digital transformation initiatives, and the adoption of cloud computing and edge computing technologies. As data center densities and workloads continue to grow, there is a greater need for efficient cooling solutions to manage heat dissipation and ensure reliable operation. Many countries in the Asia-Pacific region have tropical climates characterized by high temperatures and humidity levels, which pose challenges for traditional air cooling methods. Liquid cooling solutions, such as immersion cooling and direct-to-chip cooling, offer more efficient heat dissipation and thermal management, making them well-suited for data centers operating in hot and humid environments.

Quick Buy – Liquid Cooling Data Center Market - Global Opportunity Analysis and Industry Forecast (2024-2031), Research Report: https://www.meticulousresearch.com/Checkout/85464883

Key Players
The key players operating in the liquid cooling data center market include Alfa Laval AB (Sweden), Asperitas (Netherlands), Chilldyne, Inc. (U.S.), OptiCool Technologies (U.S.), Iceotope Technologies Limited (U.K.), Fujitsu Limited (Japan), LiquidStack Holding B.V. (U.S.), Motivair Corporation (U.S.), Schneider Electric SE (France), Submer Technologies SL (Spain), Wiwynn Corporation (Taiwan), RITTAL GmbH & Co. KG (Germany), Asetek A/S (Denmark), ZutaCore, Inc. (U.S.), and Parker-Hannifin Corporation (U.S.).

Scope of the Report:
Liquid Cooling Data Center Market Assessment, by Offering
• Solutions
o Air Conditioning
o Chilling Units
o Cooling Towers
o Economizer Systems
o Liquid Cooling Systems
o Control Systems
o Others Solutions
• Services
o Training & Support
o Installation & Deployment
o Maintainance & Support

Liquid Cooling Data Center Market Assessment, by Cooling Method
• Direct-to-chip Liquid Cooling
• Rack-level Liquid Cooling
• Immersion Cooling
• Rear-door Heat Exchange
• Modular Liquid Cooling
• Other Cooling Methods

Liquid Cooling Data Center Market Assessment, By Data Center Size
• Small-scale Data Centers
• Medium-scale Data Centers
• Hyperscale Data Centers

Liquid Cooling Data Center Market Assessment, By End User
• Network Providers
• Cloud Providers
• Enterprises
o Retail & E-commerce
o Healthcare
o IT & Telecommunications
o BFSI
o Media & Entertainment
o Other Enterprises

Liquid Cooling Data Center Market Assessment, by Geography
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o Italy
o U.K.
o Spain
o Switzerland
o Netherlands
o Sweden
o Denmark
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia & New Zealand
o Indonesia
o Thailand
o Vietnam
o Malaysia
o Singapore
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o UAE
o Israel
o Rest of Middle East & Africa

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Issued By Harshal
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Categories Business , Research , Technology
Tags liquid cooling data center market , liquid cooling data center , liquid cooling data center market size , liquid cooling data center market share
Last Updated July 26, 2024