Data Center Liquid Cooling Market Report by Component (Solution, Services), Data Center Type (Large Data Centers, Small and Medium-sized Data Centers, Enterprise Data Centers), End Use (Cloud Providers, Colocation Providers, Enterprises, Hyperscale Data Centers), Application (BFSI, IT and Telecom, Media and Entertainment, Healthcare, Government and Defense, Retail, Research and Academic, and Others), and Region ​2024-2032​

Data Center Liquid Cooling Market Report by Component (Solution, Services), Data Center Type (Large Data Centers, Small and Medium-sized Data Centers, Enterprise Data Centers), End Use (Cloud Providers, Colocation Providers, Enterprises, Hyperscale Data Centers), Application (BFSI, IT and Telecom, Media and Entertainment, Healthcare, Government and Defense, Retail, Research and Academic, and Others), and Region ​2024-2032​

Report Format: PDF+Excel | Report ID: SR112024A6624
Buy Now

Global Data Center Liquid Cooling Market Size:

The global data center liquid cooling market size reached US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.3 Billion by 2032, exhibiting a growth rate (CAGR) of 19.54% during 2024-2032. The data center liquid cooling market is experiencing a positive outlook, owing to the rising data center density, the increasing focus on energy efficiency to mitigate environmental pollution and maintain sustainability, and the growing need for maintaining optimal operating temperatures to ensure enhanced performance and reliability.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 2.9 Billion
Market Forecast in 2032
US$ 15.3 Billion
Market Growth Rate 2024-2032 19.54%


Data Center Liquid Cooling Market Analysis: 

  • Major Market Drivers: The market is witnessing robust growth, on account of the increasing demand for efficient cooling solutions, along with the rising focus on space constraints. The increasing number of data centers, surging power density, and the escalating need for energy-efficient solutions are also proliferating the growth of the market.
  • Key Market Trends: Rising Innovations, such as improved heat exchanger designs, more efficient cooling fluids, and advanced control systems, are making liquid cooling accessible to a broader range of data center operators. Moreover, the growing adoption of immersion cooling and the inflating inclination towards AI-powered cooling solutions are leading to an increase in market demand.
  • Competitive Landscape: Some of the leading data center liquid cooling market companies include Alfa Laval AB, Asetek A/S, Asperitas, Chilldyne, CoolIT Systems Inc., Fujitsu Limited, Green Revolution Cooling Inc., Iceotope, Lenovo Group Limited, Rittal GmbH & Co. KG, Schneider Electric SE, and Vertiv Group Corp., among many others.
  • Geographical Trends: North America leads the market, driven by the presence of cloud service providers and tech companies with well-established data center infrastructures. The increasing demand for computing power and storage capacity in the region is further fueling the need for more efficient and scalable cooling solutions.
  • Challenges and Opportunities: Implementing and managing liquid cooling solutions may require specialized skills and expertise that are not readily available in the workforce. This represents one of the key challenges hindering the data center liquid cooling  market forecast. Moreover, data center operators may need to invest in training or hiring qualified personnel to design, deploy, and maintain liquid cooling systems effectively. However, continuous advancements in liquid cooling technologies reduce the environmental impact of data center operations by minimizing energy consumption and carbon emissions levels, which will continue to bolster the market growth over the forecasted period.

Data Center Liquid Cooling Market Report


Data Center Liquid Cooling Market Trends:

Increasing Data Center Density

The growing demand for data center liquid cooling due to the rising number of data centers is offering a positive market outlook. Data centers are handling higher workloads, on account of the increasing utilization of cloud services, big data analytics, and artificial intelligence (AI) applications. Liquid cooling systems accommodate the higher density of servers and equipment in modern data centers by directly dissipating heat from hot spots. This capability is crucial for maintaining optimal operating conditions and preventing thermal issues that could compromise hardware performance and reliability. Apart from this, data center operators are focusing on maximizing the utilization of their infrastructure. According to the report published by the Observer Research Foundation in March 2024, India has more than 150 data centers, ranking 14th in the world. These data centers are stimulating the demand for data center liquid cooling systems, which is expected to propel the market growth over the forecasted period.

Growing Focus on Energy Efficiency

Traditional air-cooling methods in data centers are energy-intensive, as they require electricity requirements to power fans and air conditioning (AC) systems. In contrast, data center liquid cooling solutions offer a more energy-efficient alternative by directly transferring heat away from information technology (IT) equipment using liquid coolant. Additionally, data center liquid cooling solutions can achieve more precise temperature control and better heat dissipation by utilizing liquid coolant to absorb and transport heat away from hot spots. This improved cooling efficiency allows data centers to maintain optimal operating temperatures while consuming less energy. For instance, a Market Transformation Administrator (CalMTA) was established by the California Public Utilities Commission (CPUC) in order to increase the market's accessibility to energy-efficient practices and technologies. This program invested around US$ 320 Million to meet California's climate targets. Apart from this, data center liquid cooling solutions lower the overall footprint of cooling infrastructure and minimize energy consumption associated with fan operation and air circulation by eliminating the need for large air ducts, raised floors, and other components.

New Market Entrants

The wide presence of prominent players, such as Asetek AS, Liquid Cool Solutions, Alfa Laval AB, Vertiv Co, etc., is augmenting the global market. These players are focusing on growing their clientele internationally. These businesses use strategic joint ventures to raise their market share and profitability. Besides this, new competitors intensify the competition by entering into strategic collaborations and investing in advanced technologies. For instance, in May 2022, Intel launched a new initiative to address data center sustainability by investing US$ 700 Million into a new research facility specializing in liquid and immersion cooling. In line with this, Intel also introduced the first immersion cooling reference design in the market to promote the use of the technology in data centers across the globe.

Data Center Liquid Cooling Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on component, data center type, end use, and application.

Breakup by Component:

Data Center Liquid Cooling Market Report

  • Solution
    • Direct Liquid Cooling
    • Indirect Liquid Cooling
  • Services
    • Design and Consulting
    • Installation and Deployment
    • Support and Maintenance
       

Solution accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the component. This includes solution (direct liquid cooling and indirect liquid cooling) and services (design and consulting, installation and deployment, and support and maintenance). According to the report, solution represented the largest segment.

Solution includes the selection and integration of cooling units, infrastructure, and control systems tailored to meet the specific requirements of the data center environment. It may vary based on factors, such as data center size, workload density, environmental considerations, etc., with customization options available to optimize performance and energy efficiency.

Breakup by Data Center Type:

  • Large Data Centers
  • Small and Medium-sized Data Centers
  • Enterprise Data Centers
     

Large data centers hold the largest market share

A detailed breakup and analysis of the market based on the data center type have also been provided in the report. This includes large data centers, small and medium-sized data centers, and enterprise data centers. According to the report, large data centers accounted for the largest market share.

Large data centers usually belong to hyperscale cloud providers, colocation facilities, or enterprises with extensive IT infrastructure requirements. These data centers are equipped with numerous servers and high-density equipment, generating heat that requires efficient cooling solutions. Liquid cooling systems in large data centers are characterized by their scalability, high capacity, advanced control features to manage complex cooling demands effectively, etc.

Breakup by End Use:

  • Cloud Providers
  • Colocation Providers
  • Enterprises
  • Hyperscale Data Centers
     

Enterprises represent the leading market segment

The report has provided a detailed breakup and analysis of the market based on the end use. This includes cloud providers, colocation providers, enterprises, and hyperscale data centers. According to the report, enterprises represented the largest segment.

Enterprises use data centers to support their internal IT operations and services. These organizations include corporations, government agencies, educational institutions, and healthcare providers. Liquid cooling solutions for enterprises focus on providing efficient and reliable cooling for their IT infrastructure, ensuring optimal performance and uptime while minimizing operational costs and environmental impact.

Breakup by Application:

  • BFSI
  • IT and Telecom
  • Media and Entertainment
  • Healthcare
  • Government and Defense
  • Retail
  • Research and Academic
  • Others
     

IT and telecom dominate the market share

The report has provided a detailed breakup and analysis of the market based on the application. This includes BFSI, IT and telecom, media and entertainment, healthcare, government and defense, retail, research and academic, and others. According to the report, IT and telecom represented the largest segment.

In the IT and telecom sector, data centers are essential for hosting and managing network infrastructure, telecommunications equipment, and digital services. Liquid cooling solutions in this sector focus on optimizing the performance and reliability of IT equipment, reducing downtime, and enhancing energy efficiency to support the high demands of network operations and communication services.

Breakup by Region:

Data Center Liquid Cooling Market Report

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

North America leads the market, accounting for the largest data center liquid cooling market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

The increasing popularity of direct-to-chip liquid cooling in North America is augmenting the regional market. Several vendors in the Southeastern and Western parts of the region are shifting to water-cooled chillers, which have an economizer mode that enables partial facility cooling by using outside air. Besides this, the data center infrastructure solutions in Canada are growing, owing to the escalating demand for efficient data centers and the launch of initiatives for ecological data center solutions, thereby acting as another significant growth-inducing factor. According to Natural Resources Canada, around half of the energy consumed in a data center is utilized by computing servers, with a further 40% being attributed to cooling these servers. Apart from this, the climatic conditions of the cities in Canada are recorded with an annual temperature of 42.8 °F. This, in turn, eliminates the need for cooling systems in the data centers, thereby minimizing operational costs.

Leading Key Players in the Data Center Liquid Cooling Industry:

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • Alfa Laval AB
  • Asetek A/S
  • Asperitas
  • Chilldyne
  • CoolIT Systems Inc.
  • Fujitsu Limited
  • Green Revolution Cooling Inc.
  • Iceotope
  • Lenovo Group Limited
  • Rittal GmbH & Co. KG
  • Schneider Electric SE
  • Vertiv Group Corp.
     

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Data Center Liquid Cooling Market News:

  • February 2024: Aligned, a data center firm, has launched a new liquid cooling system, which is specifically designed to support high-density compute requirements and supercomputers.
  • February 2024: SK Enmove announced it had signed a Memorandum of Understanding (MOU) on cooperation of next-generation cooling and solutions with SK Telecom and Precision Liquid Cooling Iceotope Technologies.
  • January 2024:  Modine, a global leader in innovative thermal management solutions, announced that it purchased the intellectual property and other specific assets of TMG Core, a specialist in single- and two-phase liquid immersion cooling technology for data centers with high-density computing requirements.


Data Center Liquid Cooling Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Component
  • Data Center Type
  • End Use
  • Application
  • Region
Components Covered
  • Solution: Direct Liquid Cooling, Indirect Liquid Cooling
  • Services: Design and Consulting, Installation and Deployment, Support and Maintenance
Data Center Types Covered Large Data Centers, Small and Medium-sized Data Centers, Enterprise Data Centers
End Uses Covered Cloud Providers, Colocation Providers, Enterprises, Hyperscale Data Centers
Applications Covered BFSI, IT and Telecom, Media and Entertainment, Healthcare, Government and Defense, Retail, Research and Academic, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alfa Laval AB, Asetek A/S, Asperitas, Chilldyne, CoolIT Systems Inc., Fujitsu Limited, Green Revolution Cooling Inc., Iceotope, Lenovo Group Limited, Rittal GmbH & Co. KG, Schneider Electric SE, Vertiv Group Corp., etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How big is the data center cooling market?
  • How has the global data center liquid cooling market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global data center liquid cooling market?
  • What is the impact of each driver, restraint, and opportunity on the global data center liquid cooling market?
  • What are the key regional markets?
  • Which countries represent the most attractive data center liquid cooling market?
  • What is the breakup of the market based on the component?
  • Which is the most attractive component in the data center liquid cooling market?
  • What is the breakup of the market based on the data center type?
  • Which is the most attractive data center type in the data center liquid cooling market?
  • What is the breakup of the market based on the end use?
  • Which is the most attractive end use in the data center liquid cooling market?
  • What is the breakup of the market based on the application?
  • Which is the most attractive application in the data center liquid cooling market?
  • What is the competitive structure of the market?
  • Who are the key players/companies in the global data center liquid cooling market?


Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the data center liquid cooling market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global data center liquid cooling market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the data center liquid cooling industry and its attractiveness.
  • The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Data Center Liquid Cooling Market Report by Component (Solution, Services), Data Center Type (Large Data Centers, Small and Medium-sized Data Centers, Enterprise Data Centers), End Use (Cloud Providers, Colocation Providers, Enterprises, Hyperscale Data Centers), Application (BFSI, IT and Telecom, Media and Entertainment, Healthcare, Government and Defense, Retail, Research and Academic, and Others), and Region ​2024-2032​
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More