The global data center liquid cooling market is projected to grow from USD 2.6 billion in 2023 to USD 7.8 billion by 2028, at a CAGR of 24.4% during the forecast period. The growth of the data center liquid cooling market is primarily propelled by several key factors; these include the rising demand for energy-efficient cooling solutions because of increasing environmental concerns. There is a growing need for compact and noise-free cooling solutions to address space constraints and provide a comfortable working environment. Another driving force is the requirement for lower operating costs, which liquid cooling can help achieve. There is a strong demand for improved overclocking potential, driving the adoption of liquid cooling solutions in data centers.
Companies such as Rittal GmbH & Co. KG (Germany), Fujitsu (Japan), Vertiv Group Corp. (US), Green Revolution Cooling Inc. (US), Submer (Spain), Midas Green Technologies (US), Schneider Electric (France) fall under the winners’ category. These are leading players in the data center liquid cooling market globally. These players have adopted the strategies of expansions, agreements, new product development, partnerships, and acquisitions, to fulfill the rising demand for face masks on the regional and global levels.
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Submer offers various business segments, such as Data Centers, Colocation, High-Performance Computing (HPC), Edge Computing, and Cloud Service Providers (CSPs). The company designs and manufactures equipment for OEMs, Large scale computing environments, and Colocation. Submer serves diverse industries, including Technology, Healthcare, Financial Services, and Government. In December 2021, Submer announced a partnership with Submerged Cooling Solutions (SCS), a leading specialist in immersion cooling technologies in the Netherlands. This collaboration grants companies in the Netherlands access to Submer’s complete range of award-winning immersion-powered solutions.
Schneider Electric operates through two segments: Energy Management and Industrial Automation. Schneider Electric serves the construction, residential, energy, and infrastructure sectors, providing data center cooling solutions within the Energy Management segment. Schneider Electric is significant in Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. In October 2019, Schneider Electric announced a partnership with Avnet and Iceotope Precision Immersion Cooling to collaborate on developing liquid-cooled data center solutions.
Vertiv Group Corp
Vertiv Group Corp. offers various solutions and services for power, thermal, IT, and edge infrastructure across multiple industries. The company operates and reports results across three geographic segments: Americas, Asia Pacific, and Europe, Middle East & Africa. Key customers of Vertiv Group Corp. include Alibaba, Alstom, AT&T, Equinix, Ericsson, Reliance, and Vodafone. In May 2023, Vertiv Group Corp. announced a partnership with UTC Heathrow. Together, they will deliver a co-teach program focused on the data center sector. This partnership aims to equip students with the necessary skills and knowledge to excel in the digital infrastructure industry.
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 - Global Forecast to 2028
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