Data Center Liquid Cooling Market by Component (Solution and Services), End User (Cloud Providers, Colocation Providers, Enterprises, and Hyperscale Data Centers), Data Center Type, Enterprise, and Region - Global Forecast to 2024

Abstract
Growing demand for energy-efficient cooling solutions along with the increasing need for compact and noise-free solutions to drive the adoption of data center liquid cooling solutions and services

The global data center liquid cooling market is expected to grow from USD 1.2 billion in 2019 to USD 3.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 22.6% during the forecast period. Major factors driving the growth of the data center liquid cooling market include increasing need for energy-efficient cooling solutions, growing demand for compact and noise-free solutions, need for lower operating costs, and need for better overclocking potential.

Based on solutions, direct liquid cooling solutions segment to grow at the higher CAGR during the forecast period”

Direct Liquid cooling involves the direct immersion of data center servers into special sealed containers filled with fluids that are non-corrosive and non-toxic. Direct cooling solutions are anticipated to experience good growth opportunities in warmer regions of the world, such as APAC and MEA. Single-phase direct cooling solutions are cheaper to set up, but they tend to reduce the server lifespan. These solutions are, therefore, gaining popularity among data center vendors that utilize servers for a shorter time span.

Based on enterprises, the BFSI segment to hold the highest market share in 2019 in the data center liquid cooling market

The data centers in BFSI are characterized by larger server densities that generate high amounts of heat and require powerful cooling infrastructure. Moreover, with increasing budget constraints, cost-effective infrastructure solutions are becoming essential in the BFSI industry. Thus, this industry focuses on lowering energy consumption by installing advanced data center cooling and innovative building management tools. Data center cooling solutions are increasingly gaining traction in this sector, globally; this can be attributed to their capacity to provide reliable and efficient high performance cooling to large data center facilities.

Based on regions, data center liquid cooling market in Europe to grow at the highest CAGR during the forecast period

The high growth of the market in Europe is attributed to the large number of colocation facilities in the region and the increasing adoption of indirect liquid cooling solutions. Data center colocation providers are increasingly adopting liquid cooling due significant benefits in reducing energy consumption. Moreover, rising green data center initiatives are propelling the demand for direct liquid cooling solutions across the region.

Further, in-depth interviews were conducted with the Chief Executive Officers (CEOs), Chief Marketing Officers (CMO), Vice Presidents (VPs), Managing Directors (MDs), technology and innovation directors, and related key executives from various key companies and organizations operating in the data center liquid cooling market.

? By Company – Tier 1–10%, Tier 2–25%, and Tier 3–65%

? By Designation – C-Level–25%, Director Level–50%, and Others–25%

? By Region – North America–40%, Europe–30%, and APAC–20%, RoW – 10%

The data center liquid cooling market comprises major providers, such as Asetek (Denmark), Rittal (Germany), Vertiv (US), Green Revolution Cooling (US), Midas Green Technologies (US), Allied Control (Hong Kong), Schneider Electric (France), Chilldyne (US), CoolIT Systems (Canada), Submer (Spain), Iceotope (UK), Fujitsu (Japan), Aspen Systems (US), DCX The Liquid Cooling Company (Poland), Ebullient (US), Aquila Group (US), ExaScaler (Japan), Cooler Master Co (China), Asperitas (Netherland), Liqit.io (Ukraine). The study includes an in-depth competitive analysis of these key players in the data center liquid cooling market with their company profiles, recent developments, and key market strategies.

Research Coverage

The data center liquid cooling market revenue is primarily classified into revenues from solutions and services. Solutions revenue is associated with data center liquid cooling solutions, such as direct liquid cooling and indirect liquid cooling. Furthermore, services revenue is associated with design and consulting, installation and deployment, support and maintenance services. The market is also segmented on the basis of end user, data center type, enterprises, and region.

Key benefits of the report

The report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall data center liquid cooling market and the subsegments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report would also help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.

Content
TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.2.1 INCLUSIONS AND EXCLUSIONS 18
1.3 MARKET SCOPE 19
1.3.1 MARKET SEGMENTATION 19
1.3.2 LIQUID COOLING SOLUTIONS 19
1.3.3 REGIONS COVERED 20
1.3.4 YEARS CONSIDERED FOR THE STUDY 20
1.4 CURRENCY CONSIDERED 21
1.5 STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 RESEARCH DATA 22
2.1.1 SECONDARY DATA 23
2.1.2 PRIMARY DATA 23
2.1.2.1 Breakup of primaries 23
2.1.2.2 Key industry insights 24
2.2 MARKET BREAKUP AND DATA TRIANGULATION 25
2.3 MARKET SIZE ESTIMATION 25
2.4 MARKET FORECAST 26
2.5 COMPETITIVE LEADERSHIP MAPPING RESEARCH METHODOLOGY 27
2.5.1 VENDOR INCLUSION CRITERIA 27
2.6 ASSUMPTIONS FOR THE STUDY 28
2.7 LIMITATIONS OF THE STUDY 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 35
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE DATA CENTER LIQUID COOLING MARKET 35
4.2 NORTH AMERICA DATA CENTER LIQUID COOLING MARKET, BY COMPONENT AND COUNTRY 35
4.3 DATA CENTER LIQUID COOLING MARKET: MAJOR COUNTRIES 36

5 MARKET OVERVIEW AND INDUSTRY TRENDS 37
5.1 INTRODUCTION 37
5.2 MARKET DYNAMICS 37
5.2.1 DRIVERS 38
5.2.1.1 Growing need for energy-efficient cooling solutions 38
5.2.1.2 Increasing demand for compact and noise-free solutions 39
5.2.1.3 Need for lower operating costs 39
5.2.1.4 Need for better overclocking potential 39
5.2.2 RESTRAINTS 39
5.2.2.1 Susceptibility to leakage 39
5.2.2.2 High capital expenditure and maintenance 40
5.2.3 OPPORTUNITIES 40
5.2.3.1 Emergence of AI, blockchain, and other advanced technologies 40
5.2.3.2 High-density cooling requirements 40
5.2.4 CHALLENGES 40
5.2.4.1 Lack of standardization 40
5.3 USE CASES 41
5.3.1 CASE STUDY 1: REDUCTION IN DATA CENTER ENERGY SPENDING BY ADOPTING IMMERSION COOLING 41
5.3.2 CASE STUDY 2: BETTER PER RACK POWER DENSITY AND SCALABILITY 41
5.3.3 CASE STUDY 3: IMPROVEMENT IN POWER USAGE EFFECTIVENESS 42
6 DATA CENTER LIQUID COOLING MARKET, BY COMPONENT 43
6.1 INTRODUCTION 44
6.2 SOLUTIONS 45
6.2.1 INDIRECT LIQUID COOLING 46
6.2.1.1 Growing demand for precision cooling to drive growth of indirect liquid cooling 46
6.2.1.2 Single phase 47
6.2.1.3 Two phase 47
6.2.2 DIRECT LIQUID COOLING 48
6.2.2.1 Growing demand for high-density cooling to drive growth of direct liquid cooling 48
6.2.2.2 Single phase 49
6.2.2.3 Two phase 49
6.3 SERVICES 50
6.3.1 DESIGN AND CONSULTING 51
6.3.1.1 Growing demand for technical evaluation of liquid cooling systems to drive growth of direct liquid cooling 51
6.3.2 INSTALLATION AND DEPLOYMENT 52
6.3.2.1 Increasing need for integration with traditional cooling devices to drive growth of installation and deployment services 52

6.3.3 SUPPORT AND MAINTENANCE 53
6.3.3.1 Growing demand for maintenance of coolants to drive growth of support and maintenance services 53
7 DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE 54
7.1 INTRODUCTION 55
7.2 SMALL AND MID-SIZED DATA CENTERS 56
7.2.1 GROWING NEED FOR INDIRECT LIQUID COOLING SOLUTIONS TO DRIVE THE DEMAND FOR SMALL AND MID-SIZED DATA CENTERS 56
7.3 LARGE DATA CENTERS 57
7.3.1 GROWING REQUIREMENT FOR DIRECT LIQUID COOLING IN LARGE DATA CENTERS 57
8 DATA CENTER LIQUID COOLING MARKET, BY END USER 58
8.1 INTRODUCTION 59
8.2 CLOUD PROVIDERS 60
8.2.1 INCREASING DEMAND FOR CLOUD SERVICES TO DRIVE THE GROWTH OF THE DATA CENTER LIQUID COOLING MARKET 60
8.3 COLOCATION PROVIDERS 61
8.3.1 AVAILABILITY OF LOW-COST, DISASTER-PROOF SYSTEMS TO CONTRIBUTE TO A HIGHER ADOPTION AMONG COLOCATION PROVIDERS 61
8.4 ENTERPRISES 62
8.4.1 RAPID DEPLOYMENT CAPABILITIES TO DRIVE THE ADOPTION OF ENTERPRISES 62
8.5 HYPERSCALE DATA CENTERS 63
8.5.1 REQUIREMENT FOR SCALABLE COOLING SOLUTIONS TO DRIVE THE ADOPTION IN HYPERSCALE DATA CENTERS 63
9 DATA CENTER LIQUID COOLING MARKET, BY ENTERPRISE 64
9.1 INTRODUCTION 65
9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 66
9.2.1 FOCUS ON LOWERING ENERGY CONSUMPTION TO DRIVE THE ADOPTION OF DATA CENTER LIQUID COOLING IN THE BANKING, FINANCIAL SERVICES, AND INSURANCE SECTOR 66
9.3 IT AND TELECOM 67
9.3.1 GROWING ADOPTION OF ADVANCED SERVERS TO DRIVE THE GROWTH OF DATA CENTER LIQUID COOLING SOLUTIONS IN THE IT AND TELECOM SECTOR 67
9.4 MEDIA AND ENTERTAINMENT 68
9.4.1 REQUIREMENT FOR SCALE-OUT SOLUTIONS TO DRIVE THE ADOPTION OF DATA CENTER LIQUID COOLING SOLUTIONS IN THE MEDIA AND ENTERTAINMENT INDUSTRY 68
9.5 HEALTHCARE 68
9.5.1 GROWING DEMAND FOR CUSTOMIZED DATA CENTER COOLING SOLUTIONS TO DRIVE THEIR ADOPTION IN HEALTHCARE 68

9.6 GOVERNMENT AND DEFENSE 69
9.6.1 GROWING DIGITALIZATION INITIATIVES TO DRIVE THE ADOPTION OF DATA CENTER LIQUID COOLING SOLUTIONS IN GOVERNMENT AND DEFENSE INDUSTRY 69
9.7 RETAIL 70
9.7.1 INCREASED NEED FOR ROBUST COOLING TO DRIVE THE ADOPTION OF DATA CENTER LIQUID COOLING SOLUTIONS IN RETAIL INDUSTRY 70
9.8 RESEARCH AND ACADEMIA 70
9.8.1 ADOPTION OF HIGH-PERFORMANCE COMPUTING TO DRIVE THE DEMAND FOR EFFICIENT COOLING SOLUTIONS IN RESEARCH AND ACADEMIA INDUSTRY 70
9.9 OTHERS 71
10 DATA CENTER LIQUID COOLING MARKET, BY REGION 72
10.1 INTRODUCTION 73
10.2 NORTH AMERICA 74
10.2.1 UNITED STATES 78
10.2.1.1 Surge in demand from cryptocurrency providers to drive the growth of data center liquid cooling solutions in the US 78
10.2.2 CANADA 79
10.2.2.1 Increased digitalization and huge data generation to drive the adoption of data center liquid cooling solutions in Canada 79
10.3 EUROPE 80
10.3.1 UNITED KINGDOM 84
10.3.1.1 Eco-design requirements set by the European Parliament for servers and data storage products to drive the growth of the direct liquid cooling market in the UK 84
10.3.2 GERMANY 85
10.3.2.1 Attractive investment climate of German locations for data centers to drive the demand for liquid cooling solutions in the country 85
10.3.3 FRANCE 86
10.3.3.1 Growing demand from cloud providers to drive the adoption of data center liquid cooling solutions in France 86
10.3.4 REST OF EUROPE 87
10.4 ASIA PACIFIC 88
10.4.1 CHINA 93
10.4.1.1 Growing number of colocation facilities coupled with rising data center revenues to drive the adoption of data center liquid cooling in China 93
10.4.2 AUSTRALIA 94
10.4.2.1 Government initiatives toward infrastructure development to drive the adoption of data center liquid cooling in Australia 94
10.4.3 INDIA 95
10.4.3.1 Surging data demand to drive the rapid adoption of liquid cooling in India 95
10.4.4 REST OF ASIA PACIFIC 96
10.5 MIDDLE EAST AND AFRICA 97
10.5.1 SOUTH AFRICA 101
10.5.1.1 Developed telecommunication infrastructure to drive the demand for data center liquid cooling solutions in South Africa 101
10.5.2 SAUDI ARABIA 102
10.5.2.1 Increasing demand for rugged data center solutions to drive the demand for data center liquid cooling solutions in Saudi Arabia 102
10.5.3 REST OF MIDDLE EAST AND AFRICA 103
10.6 LATIN AMERICA 104
10.6.1 BRAZIL 107
10.6.1.1 Growing IT spending across enterprises to drive the adoption of data center liquid cooling solutions in Brazil 107
10.6.2 MEXICO 108
10.6.2.1 Increasing data demand to drive the data center liquid cooling market growth in Mexico 108
10.6.3 REST OF LATIN AMERICA 109
11 COMPETITIVE LANDSCAPE 110
11.1 INTRODUCTION 110
11.2 COMPETITIVE SCENARIO 111
11.2.1 NEW PRODUCT/SOLUTION LAUNCHES AND PRODUCT ENHANCEMENTS 111
11.2.2 BUSINESS EXPANSIONS 111
11.2.3 PARTNERSHIPS 112
11.2.4 ACQUISITIONS 112
11.3 COMPETITIVE LEADERSHIP MAPPING 113
11.3.1 VISIONARY LEADERS 113
11.3.2 DYNAMIC DIFFERENTIATORS 113
11.3.3 INNOVATORS 113
11.3.4 EMERGING COMPANIES 114
12 COMPANY PROFILES 115
12.1 INTRODUCTION 115
12.2 ASETEK 115
(Business Overview, Products Offered, Recent Developments, and SWOT Analysis)*
12.3 RITTAL 118
12.4 VERTIV 119
12.5 GREEN REVOLUTION COOLING 121
12.6 MIDAS GREEN TECHNOLOGIES 124
12.7 ALLIED CONTROL 126
12.8 SCHNEIDER ELECTRIC 127
12.9 CHILLDYNE 129
12.10 COOLIT SYSTEMS 130
12.11 SUBMER 132
12.12 ICEOTOPE 133
12.13 FUJITSU 133
12.14 ASPEN SYSTEMS 134
12.15 DCX THE LIQUID COOLING COMPANY 134
12.16 EBULLIENT 135
12.17 AQUILA 135
12.18 EXASCALER 136
12.19 COOLER MASTER 136
12.20 ASPERITAS 137
12.21 LIQIT.IO 137
*Details on Business Overview, Products Offered, Recent Developments, and SWOT Analysis might not be captured in case of unlisted companies.
12.22 RIGHT TO WIN 138
13 APPENDIX 139
13.1 INSIGHTS OF INDUSTRY EXPERTS 139
13.2 DISCUSSION GUIDE 140
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 146
13.4 AVAILABLE CUSTOMIZATIONS 148
13.5 RELATED REPORTS 148
13.6 AUTHOR DETAILS 149