Data Center Liquid Cooling Market size to reach $12 Bn by 2032

Published Date: December 20, 2022

Data Center Liquid Cooling Market size is projected to exceed USD 12 billion by 2032, according to the recent research report by Global Market Insights Inc.

Rising technological advancements and growth in server and chip density across developing nations, particularly in Asia Pacific will complement the industry growth. The emergence of COVID-19 significantly pushed SMEs in region to adopt cloud computing solutions in order to cut down on operational costs. Additionally, rapid penetration of next-generation technologies such as big data, AI, IoT, and machine learning is encouraging data centers to expand server and chip density to keep up with the customer needs. Increasing use of powerful hardware systems compatible with AI workloads is transforming data centers and their cooling requirements, hence positively influencing the data center liquid cooling market outlook.

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Need for efficient data migration to propel the demand for data center liquid cooling services

Data center liquid cooling market from the service segment is projected to exhibit a 19.5% CAGR between 2023 and 2032. Installation of cooling systems in large facilities is fueling the need for effective tools and services to continuously monitor and manage these systems. Service providers and manufacturers are introducing innovative data center management services with advanced capabilities to ensure scalability.

Services provided by data center liquid cooling sources include professional and managed services. Among these, professional services held more than 71.5% share in 2022. Professional services are gaining tremendous momentum owing to their ability to facilitate data migration efficiently, which helps in transferring data between systems during new installations or updates.

Modernization of cloud infrastructure to promote installation of data center liquid cooling units

The cloud service providers are estimated to reach USD 4.5 billion revenue by 2032. In recent years, cloud service providers have experienced notable business expansion along with burgeoning requirements for large volumes of data storage and processing. Hence, cloud experts are focusing on expanding IT infrastructure facilities, proliferating the necessity for faster and cost-effective cooling solutions. Furthermore, the advent of digitization and increasing efforts to support energy transition are compelling companies to modernize their IT centers with energy-efficient solutions, accelerating the adoption of direct liquid cooling units.

Browse key industry insights spread across 350 pages with 425 market data tables and 35 figures & charts from the report, “Data Center Liquid Cooling Market Size By Component (Solution [Direct-to-Chip, Immersive {IT Chassis, Tub/Open Bath}], Services [Managed, Professional]), By End-Use (Enterprise [BFSI, Retail & E-Commerce, Government, Healthcare, Manufacturing, IT Enabled Services (ITeS)], Telecom Service Providers, Cloud Service Providers), COVID-19 Impact Analysis, Growth Potential, Regional Outlook, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/data-center-liquid-cooling-market

Rapid espousal of cloud to augment North America industry

North America data center liquid cooling market was valued at more than USD 895 million in 2022. The region has a solid footprint of leading cloud service providers such as Facebook, Microsoft Corporation, and Google. These giants are introducing fully equipped data centers with racks, high-quality services and other IT equipment. Due to the increasing acceptance of cloud computing and growing public interest in cloud platforms, the requirement for cloud data centers catering to high processing power applications and servers is on the rise.

IT facilities with extensive data storage and transfer needs rely on high-speed operations, increasing power consumption and ultimately supporting the demand for cooling systems. Developed economies such as the U.S. and Canada have exponential internet consumption with large-scale penetration of smart technologies, offering lucrative scope for industry expansion.

Rise in mergers and deals to boost market development

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.