DUBLIN–(BUSINESS WIRE)–The “Global Data Center Liquid Cooling Market by Component (Solution and Services), End User (Cloud Providers, Colocation Providers, Enterprises, and Hyperscale Data Centers), Data Center Type, Type of Cooling, Enterprise and Region – Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global data center liquid cooling market will rise from USD 2.1 billion in 2022 to USD 6.4 billion by 2027 at a CAGR of 24.8% from 2022 to 2027.
Need for efficient, noise-free, and compact cooling solutions will aid market growth. This market is also likely to be boosted by the need for higher processing power, low operating expenditure and emergence of advanced technologies such as blockchain, cryptocurreny mining, artificial intelligence and machine learning.
The services, in by component segment is projected to grow at the highest CAGR during the forecast period of 2022 to 2027
The services segment include different aspects like consulting, designing, installation, deployment, servicing and maintenance of liquid cooling solutions. As the user data grows in the coming years, there will be an increased demand for data centers and subsequently different services that are associated with liquid cooling solutions.
Small and mid-sized data center, in by data center type segment, is projected to grow at the highest CAGR during the forecast period of 2022 to 2027
The small and mid-sized data centers occupy a space up to 25,000 square feet and primarily used by small to medium enterprises. These facilities are also easy to retrofit liquid cooling solutions and hence will observe a higher adoption rate during the forecast period.
The hyperscale data center in the data center liquid cooling market, is projected to grow at the highest CAGR during the forecast period of 2022 to 2027
Hyperscale data centers are business critical infrastructure for large companies such as Amazon, Google, Facebook, and others. These facilities have a high computing capacity and as a result also require better cooling solutions to maintain ambient operating temperature.
IT and Telcom segment of the data center liquid cooling market, is projected to grow at the highest CAGR during the forecast period of 2022 to 2027
IT and Telecom segment is projected to grow at highest CAGR during the forecast period. The growth in this sector is due to the adoption of new technologies such as virtual and augmented reality, 5G, IoT, artificial intelligence, deep learning and machine learning. Emergence of 5G edge computing applications and private cellular networks is likely to drive the market for data center liquid cooling in IT and Telecom sector.
Cold plate liquid cooling, of the data center liquid cooling market, is projected to grow at the highest CAGR during the forecast period of 2022 to 2027
Cold plate liquid cooling responsible for transferring heat from surfaces with high heat loads to the fluid used within a liquid cooling system. It also enhances data center energy efficiency , lowers the total costs, is more energy-efficient and produces less noise.
Asia Pacific data center liquid cooling market is projected to grow at the highest CAGR during the forecast period of 2022 to 2027
Asia Pacific is expected to be the fastest-growing market for data center liquid cooling market during the forecast period. The growth of the data center liquid cooling in this region is due to increasing demand for cloud applications. There is a strong shift towards cloud technologies, with various organizations across Asia Pacific, as cloudification delivers real business value, enabling organizations to be faster, leaner and better at delivering for their customers.
Market Dynamics
Drivers
- Increasing Number of Data Centers and Server Density
- Growing Need for Energy-Efficient Cooling Solutions
- Increasing Demand for Compact and Noise-Free Solutions
- Need for Better Overclocking Potential
- Need for Eco-Friendly Data Center Cooling Solutions
Restraints
- Susceptibility to Leakage
- High Capital Expenditure and Maintenance
- Slow Recognition from End-users
Opportunities
- Emergence of Ai, Blockchain, and Other Advanced Technologies
- Adoption in Low-Density Data Centers
Challenges
- Lack of Standardization
- High Investments in Existing Infrastructure
Companies Mentioned
- Alfa Laval Ab
- Aquila
- Asetek
- Aspen Systems Inc.
- Asperitas
- Chilldyne
- Cooler Master
- Coolit Systems
- Dcx – the Liquid Cooling Company
- Dug Technology
- Ebullient
- Engineered Fluids
- Exascaler Inc.
- Fujitsu Limited
- Green Revolution Cooling Inc.
- Iceotope Technologies Limited
- Koolance
- Liqit.Io
- Liquidcool Solutions Inc.
- Liquidstack
- Midas Green Technologies
- Rittal
- Schneider Electric
- Sixtyonec Technology Corporation
- Stulz GmbH
- Submer
- Teimmers
- Usystems Limited
- Vertiv Holdings Co.
For more information about this report visit https://www.researchandmarkets.com/r/yx2fa
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