The Data Center Liquid Cooling Market is expected to experience substantial growth due to the rising demand for energy-efficient solutions in data centers, driven by increasing energy costs and environmental concerns.
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The global data center liquid cooling market size reached USD 1.74 billion in 2021 and is expected to register a revenue CAGR of 22.6% during the forecast period, according to a latest analysis by Emergen Research.
As data centres continue to grow and need more effective cooling options, the market for liquid cooling for data centres is expanding significantly. Since liquid cooling offers better cooling performance than conventional air-based cooling techniques, it has become a popular cooling technique.
The rising need for high-performance computing (HPC) applications is one of the major factors driving the data centre liquid cooling industry. High processing power is needed for HPC applications, which increases heat production. For HPC applications, liquid cooling provides a better cooling option, ensuring that the systems run effectively without overheating. Additionally, it is anticipated that the growing use of big data analytics and cloud computing would increase demand for data centre liquid cooling solutions.
The demand for energy-efficient solutions is another factor driving the market for liquid cooling in data centres. Traditional air-based cooling techniques use a lot of energy, which raises the cost of electricity. Lower energy expenses are achieved by using liquid cooling, which provides a more effective cooling solution. Data centres are increasingly using liquid cooling to increase energy efficiency as energy costs climb.
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The data centre liquid cooling market confronts a few difficulties despite the growth expectations. The costly initial outlay needed for liquid cooling systems is one of the main obstacles. Liquid cooling system installation demands a substantial capital investment, which may discourage certain data centre operators from implementing the technology. The intricacy of liquid cooling systems may also necessitate specialised knowledge, which could raise operating expenses.
In the upcoming years, a number of variables are anticipated to propel the expansion of the data centre liquid cooling market. The growing use of artificial intelligence (AI) and machine learning (ML) in data centres is one of the major growth drivers. Applications requiring a lot of computing power, like AI and ML, produce more heat. For these applications, liquid cooling provides an effective cooling solution, ensuring that the systems run effectively.
The rising demand for modular data centre solutions is another development element. Prefabricated data centre modules that may be quickly constructed and deployed are known as modular data centres. For modular data centres, liquid cooling provides a more effective cooling option that uses less energy while maintaining peak performance.
The U.S. Department of Energy estimates that data centres use 2% of all the electricity produced in the country. Energy-efficient cooling solutions will be even more necessary as a result of the rising demand for data centre services, which is predicted to increase energy consumption. Adoption of liquid cooling techniques can help data centres use less energy, saving money in the process.
Data Center Liquid Cooling Market Segmentation:
The data center liquid cooling market is segmented by component, data center type, application, and end-use. The component segment includes solutions and services. The solution segment is further classified into direct and indirect liquid cooling, with single-phase and two-phase options for both. The services segment includes consulting and design, installation, and maintenance services.
The data center type segment is classified into large data centers and small and mid-sized data centers. The application segment includes healthcare, retail, IT and telecom, BFSI, media and entertainment, defense, government, manufacturing, energy, research, and others. The end-use segment includes enterprises, colocation providers, hyperscale data centers, and cloud providers.
In terms of components, the direct liquid cooling solutions segment is expected to dominate the market, with a two-phase direct liquid cooling solution being the most widely adopted solution. The indirect liquid cooling segment is also expected to grow significantly, particularly the single-phase indirect liquid cooling solution.
In terms of data center type, the large data centers segment is expected to dominate the market, owing to the growing demand for high-performance computing applications. However, the small and mid-sized data centers segment is expected to grow at a higher CAGR during the forecast period.
In terms of applications, the IT and telecom segment is expected to dominate the market, owing to the growing popularity of cloud computing and big data analytics. However, the healthcare segment is expected to grow at a higher CAGR during the forecast period, owing to the increasing adoption of electronic health records (EHRs) and telemedicine.
In terms of end-use, the hyperscale data centers segment is expected to dominate the market, owing to the growing demand for data center services. However, the colocation providers segment is expected to grow at a higher CAGR during the forecast period, owing to the increasing adoption of colocation services by small and mid-sized enterprises.
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Some Key Highlights from the Report
The solution segment is expected to register a substantially rapid revenue CAGR during the forecast period due to the increasing demand for energy-efficient solutions in data centers. Direct liquid cooling solutions, particularly the two-phase solution, are expected to witness significant growth, owing to their high efficiency and ability to handle high-density computing applications. These solutions use water or other fluids to directly cool the heat-generating components of the data center, such as CPUs and GPUs, thereby improving energy efficiency and reducing the overall carbon footprint.
The research segment is expected to register a significantly robust revenue growth rate over the forecast period due to the increasing demand for research and development activities in various industries, such as healthcare, manufacturing, and energy. The research segment includes academic and research institutions that require high-performance computing solutions to conduct complex simulations, modeling, and data analysis.
The IT & telecom segment is expected to lead in terms of revenue contribution to the global market over the forecast period due to the increasing adoption of cloud computing, big data analytics, and artificial intelligence (AI) technologies in the IT & telecom industry. These technologies generate vast amounts of data that require high-performance computing solutions to process and analyze.
Asia Pacific is expected to register a considerably robust revenue growth rate in the data center liquid cooling market over the forecast period due to several factors, including the growing demand for cloud computing services, big data analytics, and the increasing adoption of artificial intelligence (AI) technologies in the region.
Some major companies in the global market report include Rittal GmbH & Co. KG, Asetek, Inc, Vertiv Group Corp, Schneider Electric, DCX The Liquid Cooling Company, Iceotope Precision Immersion Cooling, Cooler Master Technology Inc., Allied Control Inc., Aspen Systems Inc., and COOlIT Systems
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