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Data Center Liquid Cooling Market Size

  • Report ID: GMI3090
  • Published Date: Aug 2024
  • Report Format: PDF

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Data Center Liquid Cooling Market Size

Data Center Liquid Cooling Market was valued at USD 3.2 billion in 2023 and is estimated to register a CAGR of over 19% between 2024 and 2032. The increasing energy consumption in data center facilities is driving companies to explore and implement innovative liquid cooling solutions. As data centers expand and operate at higher densities, traditional cooling methods become less efficient and more costly. To address these challenges, companies are shifting towards innovative liquid cooling technologies, which offer improved thermal management and energy efficiency.

 

Data Center Liquid Cooling Market

In addition, the growth of the cloud computing market is creating significant opportunities for data center providers. As businesses increasingly migrate to cloud-based solutions to leverage scalability, flexibility, and cost-efficiency, the demand for data center infrastructure to support these services has been growing among end-users. This expansion necessitates the development of more data centers and the enhancement of existing facilities, driving growth and innovation in the data center sector.
 

The data center liquid cooling market faces numerous challenges including high expenditure & maintenance cost and need for specialized infrastructure. The upfront investment required for liquid cooling technology is a barrier for many data center operators, especially smaller ones, making it difficult to justify the costs compared to traditional air-cooling solutions. Additionally, liquid cooling systems require specialized infrastructure that may not be readily available in existing data centers. This includes the need for custom-built facilities, specialized plumbing, and cooling distribution units, all of which add to the complexity and cost of deployment, thus hindering market growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of data center liquid cooling was worth around USD 3.2 billion in 2023 and is anticipated to register over 19% CAGR between 2024 and 2032, driven by the increasing energy consumption in data center facilities.

The solution segment in the data center liquid cooling market was valued at USD 2 billion in 2023, driven by increasing demand for advanced cooling solutions.

North America data center liquid cooling market accounted 35% revenue share in 2023, due to its highly developed IT infrastructure and significant investment in advanced technologies.

3M Company, Alfa Laval AB, CoolIT Systems Inc., IBM Corporation, Mitsubishi Electric Corporation , Rittal GmbH & Co. KG, Schneider Electric SE, STULZ GmbH, Submer Technologies, and Vertiv Group.

Data Center Liquid Cooling Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 295
  • Countries covered: 21
  • Pages: 270
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