The Data Center Liquid Cooling Market is projected to reach USD 17.28 billion by 2032
From GlobeNewswire: 2024-12-05 09:00:00
The Data Center Liquid Cooling Market was valued at USD 2.99 billion in 2023 and is projected to reach USD 17.28 billion by 2032, with a CAGR of 21.54% over the forecast period. The demand is driven by the growth of data centers, cloud computing, big data analytics, and AI, necessitating efficient cooling technologies. Traditional air-cooling methods are inadequate for modern data center energy demands, making liquid cooling a superior solution.
Liquid cooling systems offer better heat dissipation and reduced energy consumption, aligning with environmental sustainability goals and ESG standards. Technological advancements like immersion cooling and direct-to-chip cooling are gaining traction in high-performance sectors like HPC and cryptocurrency mining. Liquid cooling is vital for supporting high-density racks and energy-intensive workloads in hyperscale data center architectures.
Major players in the Data Center Liquid Cooling Market include Schneider Electric, Vertiv Group, Asetek, CoolIT Systems, and more. The market size is expected to grow rapidly due to factors such as the expansion of cloud service providers and hyperscalers, increased energy efficiency, and regulatory pressures to reduce carbon emissions. Liquid cooling systems are gaining popularity in North America, Europe, and Asia-Pacific regions.
Segmentation analysis shows that the solution segment dominates the market, with technologies like immersion cooling and direct-to-chip cooling driving growth. These advanced cooling solutions offer better heat dissipation, energy efficiency, and scalability for high-density workloads. The services segment is expected to grow at the highest CAGR, providing expert consulting, system integration, installation, and maintenance support for liquid cooling systems. The data center liquid cooling market is expected to see significant growth, particularly in the services segment, due to the need to maintain liquid cooling systems. Segmentation includes account type, application, and end-use. North America leads the market, with the highest CAGR projected in Asia-Pacific as digitalization and cloud adoption increase.
Dell Technologies partners with a leading immersion cooling technology provider to offer energy-efficient solutions for high-performance workloads, driving growth in the data center liquid cooling market. The market report includes segmentation by component, data center type, end-use, and regional analysis, highlighting key trends and competitive landscape.
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