Data Center Liquid Cooling Market by Application and Geography - Forecast and Analysis 2020-2024

The data center liquid cooling market size has the potential to grow by USD 1.83 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by application (chilled-water based cooling and liquid immersion cooling) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including 3M Co., Asetek AS, Daikin Industries Ltd., Fujitsu Ltd., Huawei Investment & Holding Co. Ltd., International Business Machines Corp., Rittal GmbH & Co. KG, Schneider Electric SE, STULZ GmbH, and Vertiv Group Corp.

Market Overview

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Market Competitive Analysis

The data center liquid cooling market is fragmented. Factors such as rapid advances in technology, intense competition, product quality and performance, and changing market dynamics intensify the competition among vendors. Therefore, to survive in a competitive environment, it is essential for vendors to differentiate their offerings and services with a clear and unique value proposition. Vendors achieve a competitive edge in the market through economies of scale and cost-effective production. 3M Co., Asetek AS, and Daikin Industries Ltd. are some of the major market participants. Although the superior benefits of liquid-based cooling for data centers will offer immense growth opportunities, the rise in carbon emissions will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this data center liquid cooling market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this data center liquid cooling market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• 3M Co.
• Asetek AS
• Daikin Industries Ltd.
• Fujitsu Ltd.
• Huawei Investment & Holding Co. Ltd.
• International Business Machines Corp.
• Rittal GmbH & Co. KG
• Schneider Electric SE
• STULZ GmbH
• Vertiv Group Crop.

Data Center Liquid Cooling Market: Segmentation by Geography

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North America was the largest data center liquid cooling market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing number of data centers and the adoption of effective and efficient modern cooling techniques and associated systems will significantly drive data center liquid cooling market growth in this region over the forecast period.

32% of the market's growth will originate from North America during the forecast period. The US is a key market for data center liquid cooling in North America. However, market growth in this region will be slower than the growth of the market in other regions.

Data Center Liquid Cooling Market: Segmentation by Application

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Chilled water-based cooling systems are adopted by most data centers across the world. Data center providers in developing countries prefer cooling the facilities through water, through chiller systems and waterside economizer solutions. Chilled water-based cooling systems have already overpassed air-based cooling in terms of deployment. This segment is expected to grow significantly during the forecast period as colocation providers, and enterprises prefer this cooling technique. In terms of water-based cooling, the adoption of chilled water-based precision air conditioners will continue to drive the growth of the segment during the forecast period.

However, market growth in the chilled water-based cooling systems segment will be slower than the growth of the market in the liquid immersion segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the data center liquid cooling market size.

Data Center Liquid Cooling Market: Key Drivers and Trends

The superior benefits of liquid-based cooling for data centers is driving market growth. Data centers have evolved considerably, owing to an increase in the use of modern technologies such as Big Data analytics and cloud computing. However, these data centers consume more power and require high maintenance, which necessitates efficient cooling methods to avoid increased OPEX through equipment failure. Several end-users have adopted the liquid cooling method, as it consumes less energy and provides better efficiency than traditional air-based CRAC systems. This increases the demand for data center liquid cooling, in turn, expanding the global market.

Also, advanced cooling techniques are positively impacting the market. Apart from liquid immersion cooling, the data service providers are focusing on advanced cooling techniques, which uses seawater to cool the data center by submerging into the sea. These advance data center liquid cooling techniques can hold data and process information for a longer period of time, which attracts several end-users to adopt it. The superior benefits of liquid-based cooling for data centers coupled with the advanced cooling techniques are driving the data center liquid cooling market growth at a CAGR of about 19% during the forecast period.

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Data Center Liquid Cooling Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive data center liquid cooling market growth during the next five years
• Precise estimation of the data center liquid cooling market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the data center liquid cooling industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of data center liquid cooling market vendors

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