Data Center Liquid Cooling Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Data Center Liquid Cooling Market will showcase over 19% CAGR between 2024 and 2032, propelled by the demand for efficient cooling solutions becoming paramount. Traditional cooling methods, while once effective, are now struggling to keep pace with the rising energy consumption and operational densities of modern data centers.

This shift is not merely a trend but a necessity, as companies recognize the tangible benefits of liquid cooling technologies. These technologies not only promise enhanced thermal management but also offer significant energy savings, making them an attractive proposition for forward-thinking enterprises.

The Data Center Liquid Cooling Market is classified based on component, data center size, application, end use, and region.

The growing emphasis on energy efficiency and operational cost reduction is driving the surge in the solution component segment of the data center liquid cooling industry. In 2023, the solution segment, based on components, accounted for over USD 2 billion. The segment's growth is fueled by the rising demand for cooling solutions adept at managing heat in high-density computing settings. Immersive cooling, a step away from conventional air methods, tackles heat by submerging densely packed components in a cooling fluid. This approach not only curtails the need for extra cooling infrastructure but also trims operational costs and boosts energy efficiency by reducing dependence on air conditioning.

The enterprise segment of the data center liquid cooling market, based on end use , is set to grow at a CAGR of over 16% from 2024 to 2032. Sectors like BFSI, retail, healthcare, and manufacturing, which heavily rely on data processing and storage, are channeling significant investments into advanced data center solutions. This is to manage vast data volumes, ensure consistent availability, and uphold operational efficiency. The push towards digital transformation and the demand for secure computing environments are key drivers for this segment.

North America led the global data center liquid cooling market in 2023, holding over 35% share, owing to its advanced IT infrastructure and hefty investments in cutting-edge technologies. The region's commitment to technological advancement is evident in its robust cloud computing and tech industries. These sectors not only drive demand but also set the pace for innovations in data center solutions. Furthermore, North America's favorable regulatory landscape, coupled with incentives for tech investments, creates a conducive environment for market growth. The concentration of major technology firms, especially in the U.S. and Canada, further cements the region's leadership position.

Product Code: 3090

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Component suppliers
- 3.2.2 Manufacturers
- 3.2.3 System integrators
- 3.2.4 Distribution channel analysis
- 3.2.5 Cloud service providers
- 3.2.6 End user
3.3 Architecture analysis
- 3.3.1 Direct to chip liquid cooling
- 3.3.2 Immersive cooling
3.4 Analysis of shift from air cooling to liquid cooling
3.5 Power density trends in data centers
- 3.5.1 Increasing demands for high-performance computing
- 3.5.2 Acceleration of edge computing
- 3.5.3 Advanced cooling technologies
- 3.5.4 Optimization of space
- 3.5.5 Customized workload solutions
3.6 Profit margin analysis
3.7 Technology and innovation landscape
3.8 Patent analysis
3.9 Key news and initiatives
3.10 Regulatory landscape
3.11 Impact forces
- 3.11.1 Growth drivers
  - 3.11.1.1 The demand for compact and energy-efficient cooling solutions in North America
  - 3.11.1.2 Increasing applications of cloud computing, cryptocurrency, blockchain, and AI in Asia Pacific
  - 3.11.1.3 Demand for submerged data centers in Europe
  - 3.11.1.4 Growth of mega data centers and the trend of colocation in South America
- 3.11.2 Industry pitfalls and challenges
  - 3.11.2.1 High expenditure and maintenance costs
  - 3.11.2.2 Need for specialized infrastructure
3.12 Growth potential analysis
3.13 Porter's analysis
3.14 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Component, 2021-2032 ($Bn)

5.1 Key trends
5.2 Solution
- 5.2.1 Direct to chip
- 5.2.2 Immersive
  - 5.2.2.1 IT chassis
  - 5.2.2.2 Tub/Open bath
5.3 Service
- 5.3.1 Managed service
- 5.3.2 Professional service

Chapter 6 Market Estimates and Forecast, By Data Center Size, 2021-2032 ($Bn)

6.1 Key trends
6.2 Small data center
6.3 Medium data center
6.4 Large data center

Chapter 7 Market Estimates and Forecast, By Application, 2021-2032 ($Bn)

7.1 Key trends
7.2 Server cooling
7.3 Storage cooling
7.4 Networking cooling
7.5 Others

Chapter 8 Market Estimates and Forecast, By End Use, 2021-2032 ($Bn)

8.1 Key Trends
8.2 Enterprise
- 8.2.1 BFSI
- 8.2.2 Retail and e-commerce
- 8.2.3 Government
- 8.2.4 Healthcare
- 8.2.5 Manufacturing
- 8.2.6 IT enabled Services (ITeS)
- 8.2.7 Others
8.3 Telecom service provider
8.4 Cloud service provider

Chapter 9 Market Estimates and Forecast, By Region, 2021-2032 ($Bn)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.2.3 Mexico
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Poland
- 9.3.6 Benelux
- 9.3.7 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Colombia
- 9.5.3 Argentina
- 9.5.4 Chile
- 9.5.5 Rest of Latin America
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 3M Company
10.2 Aecorsis BV (Asperitas)
10.3 Alfa Laval AB
10.4 Asetek A/S
10.5 Bitfury Group Limited
10.6 Black Box Corporation
10.7 Chilldyne Inc.
10.8 CoolIT Systems Inc.
10.9 DCX The Liquid Cooling Company
10.10 Green Revolution Cooling, Inc.
10.11 IBM Corporation
10.12 Iceotope Technologies Limited
10.13 LiquidCool Solutions Inc.
10.14 Midas Green Technologies LLC
10.15 Mitsubishi Electric Corporation
10.16 Rittal GmbH and Co. KG
10.17 Schneider Electric SE
10.18 STULZ GmbH
10.19 Submer Technologies
10.20 Vertiv Group Co.