Data Center Liquid Cooling Market by Component (Solutions, Services); Industry Vertical (BFSI, Retail and E-commerce, Manufacturing, Government and Defense, Energy and Utilities, IT and Telecom, Education, Healthcare, Others): Global Market Size Estimates and Forecast (2022–2030)

Code: BMIRE00025986 | Pages: 100 | Industry: Technology, Media and Telecommunications | Date: Sep 2022 | Type: Global

The data center liquid cooling market crossed US$ 2.4 billion mark in 2022 and is expected to hit US$ 12.1 billion by 2030, recording a CAGR of 22.1% during the forecast period.

Data center liquid cooling market has been significantly growing with the increasing data centers numbers across the world

The data servers have grown in complexity, size, and density as a result of the rise in demand for storage, computing, and networking. Due to the aforementioned factors, demand for data centers has augmented globally. By January 2021, there will be about 8,000 data centers across 110 nations. Due to data-focused businesses like Twitter, Amazon, Facebook, Uber, Yelp, and Google, established nations like the US have the most data centers global. Leading data center operators like Lumen Technology, AT&T, Equinix, Verizon,and Digital Realty are also present in the US country. Furthermore, it has been noted that since 2016, as the relevance of consumer data has become more widely understood, the average server rack density has also been rising.

Within the report, the data center liquid cooling market is segmented into component, industry vertical, and geography. On the basis of component the data center liquid cooling market is segmented as solutions and services. On the basis of industry vertical the data center liquid cooling market is segmented as BFSI, Retail and E-commerce, Manufacturing, Government and Defense, Energy and Utilities, IT and Telecom, Education, Healthcare, Others. Geographically, the data center liquid cooling market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The data center liquid cooling market in Asia Pacific holds the highest growth rate and is expected to retain its position during the forecast period (2022-2030). The high growth is due to the presence of most populous countries such as China and India in the region.

IT and Telecom segment in industry vertical to hold significant share of data center liquid cooling market during the forecast period (2022-2030)

Based on industry vertical, the IT and Telecom segment is estimated to account for a significant data center liquid cooling market share in 2022 and is expected to hold its position during the forecast period. The IT and Telecom industry is a pioneer in implementing new technologies. Cutting-edge technologies such as blade servers and towers have been increasingly implemented in the IT and Telecom sector. The adoption of cutting-edge technologies has been done specifically to cater to the need of growing data need. Such cutting-edge solutions also directly increase the energy requirement of data centers and subsequently increase the operating temperature of components in the data centers. Moreover, there have been immense developments in virtual and augmented reality, 5G networks, Artificial Intelligence the Internet of Things, and Machine Learning. Thus, it will create an immense need for cooling solutions in the IT and Telecom industry in the coming years.

Rising GPU usage for AI training is one of the major factors accelerating the data center liquid cooling market growth.

The growing adoption of AI/ML and big data creates a ripple effect across enterprise servers. Traditional microprocessors could not effectively process the information coming from data center GPUs. GPUs help speed up computational processes, which is one of the important parts of modern AI infrastructure. Datacenter GPUs are used for deep learning technology implementations, can provide enterprise-grade performance, and are designed for large-scale projects. The surge in GPU usage has also led to higher data center liquid cooling consumption worldwide.

Data Center Liquid Cooling Market

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Recent strategic developments in data center liquid cooling market

The data center liquid cooling market has undergone several significant developments, and a few of these have been mentioned below:

  • In June 2021, Iceotope Technologies announced the launch of a liquid-cooled modular data center. This product is integrated by Avnet and contains chassis-level immersion cooling from Iceotope. This prefabricated module allows the most CPU- and GPU-intensive high-performance computing (HPC) edge applications to be deployed with greater reliability in harsh and remote environments.
  • In August 2021, Submer announced its collaboration with Intel to set and standardize the adoption of immersion liquid cooling solutions. In this collaboration, Submer will provide immersion cooling solutions for all platforms and servers of Intel.

The data center liquid cooling market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Angoss Software Corporation; Infosys Limited; IBM Corporation; Infor; Microsoft Corporation; Oracle Corporation; Salesforce.com, Inc.; SAP SE; SAS Institute, Inc.; and Teradata Corporation are among the prominent players operating in the data center liquid cooling market.

Target audience for the report:

  • Data center liquid cooling software providers
  • Data center liquid cooling service providers
  • Data center liquid cooling associations, organizations, forums, and alliances
  • Venture capitalists, private equity firms, and start-up companies
  • End users of Data center liquid cooling
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the data center liquid cooling market has been segmented on the basis of:

  • Component
    • Solutions
    • Services
  • Industry Vertical
    • BFSI
    • Retail and E-commerce
    • Manufacturing
    • Government and Defense
    • Energy and Utilities
    • IT and Telecom
    • Education
    • Healthcare
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Angoss Software Corporation
    •   Infosys Limited
    •   IBM Corporation
    •   Infor
    •   Microsoft Corporation
    •   Oracle Corporation
    •   Salesforce.com, Inc.
    •   SAP SE
    •   SAS Institute, Inc.
    •   Teradata Corporation
  • Angoss Software Corporation
  •   Infosys Limited
  •   IBM Corporation
  •   Infor
  •   Microsoft Corporation
  •   Oracle Corporation
  •   Salesforce.com, Inc.
  •   SAP SE
  •   SAS Institute, Inc.
  •   Teradata Corporation
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