Dublin, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The "Data Center Liquid Cooling Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The data center liquid cooling market size has grown exponentially in recent years. It will grow from $3.41 billion in 2023 to $4.24 billion in 2024 at a compound annual growth rate (CAGR) of 24.5%. The growth observed in the historical period can be attributed to several factors, including the increased collection of data, the expansion of data centers, rising demands for energy efficiency, the growth of cloud computing, and the expansion of hyperscale data centers.
The data center liquid cooling market size is expected to see exponential growth in the next few years. It will grow to $10.61 billion in 2028 at a compound annual growth rate (CAGR) of 25.8%. The anticipated growth in the forecast period can be attributed to several factors, including the growing need for data storage, the rise of edge computing and micro data centers, increasing emphasis on environmental sustainability, rising concerns about data security and privacy, and compliance with regulatory standards. Key trends in the forecast period include the proliferation of edge computing and micro data centers, the integration of AI and machine learning workloads, the expansion of 5G networks, ongoing technological innovations, the emergence of innovative solutions, and the formation of strategic partnerships.
The anticipated increase in the number of data centers and server density is poised to drive the growth of the data center liquid cooling market. Data centers have become integral to enterprise operations, offering advantages in computation, data storage, network management, and other critical functions. The surge in data center adoption and higher server density has resulted in an elevated demand for liquid cooling systems. As highlighted in a September 2021 article published by phoenixNAP, technologies like cloud services, virtualization, artificial intelligence, machine learning, Internet of Things, blockchains, and edge computing require substantial processing power and high-density racks, exceeding traditional averages. The average server density has increased from 7.3 kW per rack in 2019 to 8.4 kW per rack in 2021. This increased demand for compute-intensive workloads is a significant driver behind the growth of the data center liquid cooling market.
The rise in spending on data centers is expected to further propel the growth of the data center liquid cooling market. Data centers, physical locations storing computing machines and related hardware, play a crucial role in computing infrastructure. Investments in data centers are fueling the demand for liquid cooling solutions, driven by the need for enhanced cooling efficiency, energy savings, scalability, sustainability, and higher performance. For example, in November 2021, CDC Data Centers, an Australia-based company, announced an increased investment in its Eastern Creek Sydney data center, reaching a total of $2.5 billion. This expansion project aims to add 150MW to the company's existing development initiatives, resulting in a total operational capacity of 700MW by 2023. The continued investment in new data centers underscores the growth trajectory of the data center liquid cooling market.
A prominent trend in the data center liquid cooling market is technological advancement. The insatiable demand for power in data centers, coupled with the need for energy efficiency, has led to innovations like the computer room air handler (CRAH), which combines air and liquid cooling. This design enables data centers to maintain optimal temperature, air distribution, and humidity levels. Major companies in the market are actively developing advanced solutions to reinforce their market positions. For instance, in May 2021, Super Micro Computer, Inc., a US-based IT company, introduced cost-effective liquid cooling solutions that enhance application performance, reduce jitter, and allow for higher CPU frequencies. This liquid cooling solution has the potential to decrease data center power usage effectiveness (PUE) and total cost of ownership (TCO) by over 40% on power costs. This exemplifies the industry's commitment to advancing technologies for more efficient and sustainable data center liquid cooling.
Prominent companies in the data center liquid cooling market are strategically focusing on product innovations, particularly water-efficient liquid cooling solutions, to gain a competitive advantage. Water-efficient liquid cooling involves solutions designed to reduce energy consumption and water usage in data centers, simultaneously improving performance. These innovations contribute to increased resource sustainability and a reduction in carbon emissions. For example, in November 2022, Vertiv, a US-based company specializing in manufacturing equipment and providing auxiliary services for data centers, introduced the Liebert XDU. This represents a new generation of thermal management systems supporting liquid-cooled servers and offering control over liquid quality, flow, and pressure. The Liebert XDU is specifically crafted to overcome obstacles to liquid cooling in air-cooled environments, delivering efficient and effective thermal management for high-density server applications. Its enhanced control features ensure optimal performance and reliability for liquid-cooled server systems.
In March 2021, Wiwynn, a Taiwan-based company operating in the data center liquid cooling sector, entered into a strategic partnership with LiquidStack. This collaboration is aimed at expanding Wiwynn's data center liquid cooling product portfolio and forming a strong alliance to advance next-generation cloud IT infrastructure. The focus is on two-phase immersion cooling in data centers and edge computing, particularly in the field of high-performance computing (HPC). LiquidStack, a US-based company specializing in data center liquid cooling, brings its expertise to this partnership, contributing to the development and advancement of innovative solutions in the industry. These strategic initiatives underscore the commitment of major players to pioneering water-efficient liquid cooling technologies, aligning with the increasing emphasis on sustainability and energy efficiency in data center operations.
North America was the largest region in the data center liquid cooling market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Report Scope
Markets Covered:
1) By Type: Single Phase Cooling; Two Phase Cooling
2) By Component: Solutions; Services
3) By Data Center Type: Hyperscale Centers; Enterprise type; Colocation Data Centers; Other Data Center Types
4) By Industry Type: Telecom and IT; BFSI; Research; Energy; Government and Academia; Healthcare; Other Industry Types
Key Companies Mentioned: Asetek Inc.; Rittal GmbH & Co. KG; Fujitsu Limited; Vertiv Group Corp; Green Revolution Cooling Inc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: country and regional historic and forecast data, market share of competitors, market segments
A selection of companies mentioned in this report includes:
- Asetek Inc.
- Rittal GmbH & Co. KG
- Fujitsu Limited
- Vertiv Group Corp
- Green Revolution Cooling Inc
- Submer Technologies SL
- Midas Green Technologies LLC
- Schneider Electric SE
- Alfa Laval AB
- Chilldyne Inc
- Iceotope Technologies Limited
- CoolIT Systems Inc
- 3M Company
- Aspen Systems Inc
- Mitsubishi Group
- IBM Corporation
- ExaScaler Inc
- Stulz GmbH
- Ebullient Inc
- Aquila Group Holdings Limited
- LiquidStack Inc
- KyotoCooling BV
- Asperitas B.V.
- Airedale International Air Conditioning Ltd
- Motivair Corporation
- Munters Group AB
- Aegis Data Ltd
- DownUnder GeoSolutions (DUG) Pty Ltd
- Delta Electronics Inc.
For more information about this report visit https://www.researchandmarkets.com/r/xtkwgr
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