Data Center Liquid Cooling Market: Current Analysis and Forecast (2021-2027)
Data Center Liquid Cooling Market is anticipated display a CAGR of around 25% over the forecast period (2021-2027). This is attributed to a substantial growth of data centers owing to the huge amount of data in the number of industrial businesses such as IT & telecommunication, finance, and many others. Moreover, the modern data center has evolved from a facility containing an on-premises infrastructure to one that connects on-premises systems with cloud infrastructures where networks, applications and workloads are virtualized in multiple private and public clouds. Furthermore, the data center industry is expected to grow due to an increasing use of high-end cloud computing solutions by all types of enterprises and organizations across the world. In addition, the global data center industry is booming, as increasing cloud adoption fuels new opportunities in big data and IoT investment, leading to the birth of more hyperscale data centers.. Therefore, efforts to reduce power consumption and carbon emissions, improve operations, and the deployment of liquid cooling to support AI and big data analytics.
Schneider Electric SE, Aquila Group, Asetek Inc., RITTAL GmbH & Co. KG, Vertiv Group Corp., Green Revolution Cooling Inc., Chilldyne Inc., Fujitsu Limited, ExaScaler Inc., and CoolIt Systems are some of the prominent players operating in the Data Center Liquid Cooling market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
"Amongst Component, Solutions kW category to hold significant market share"
Based on component, the Data Center Liquid Cooling Market is bifurcated into solutions and services. In 2020, solutions category held a significant market share in the global market. The solutions segment is further categorized into indirect liquid cooling and direct liquid cooling. During the forecast period, growing demand for precision cooling to drive growth of indirect liquid cooling category growth. Furthermore, changing government and international policies on carbon emissions and increased emphasis on energy efficiency is expected to drive adoption of liquid cooling in data centers. In addition, increased emphasis on digitization, expanding internet reach, and cloud migration have resulted in a growth in worldwide IT workloads. This will eventually increase the rack power densities. Thus, the growing demand for data centers is also responsible for such high growth in the data center liquid cooling market.
"Amongst Size, Large Data Centers to witness strong CAGR"
On the basis of size, the market is categorized into Small and Mid-Sized Data Centers and Large Data Centers. Among the two, Large Data Centers is expected to witness considerable growth during the forecast period, as organizations today are predominantly developing to match their user needs. Moreover, major market players are in the industry are focusing on integration of rack- and row-based cooling solutions. This is further expected to result in higher adoption of immersion cooling solutions owing to the greater cooling requirements of high-density server racks. High density data centers offer the efficiency and cost savings that businesses need to thrive in a highly competitive environment. The amount of information processed online is predicted to increase by 10 times by 2030, which means that businesses will place higher and higher demands on their data centers.
"Amongst End-Use Industry, BFSI Category to Witness Higher CAGR"
Based on end-use industry, the Data Center Liquid Cooling Market has been bifurcated into IT and Telecom, BFSI, Media and Entertainment, Healthcare, Government and Defense, Retail, and Others. The market is the IT and telecom industry. Data centers are a crucial part of the ICT industry as data transmission and data delivery operations require better connectivity. As communication is the biggest factor contributing to the success of the ICT industry, data centers have become critical to this industry, However, BFSI industry to witness strong growth during the forecast period. This is mainly due to strict regulations for data storage and protection in this industry. Moreover, BFSI is a sector characterized by digitization, and the increasing number of customers that are using various banking applications has resulted in exponential growth of data in the banking and financial services industry. Data centers are increasingly becoming an important part for banking and financial industry, as the industry requires effective management of crucial data.
"North America Dominated the Global Data Center Liquid Cooling Market in 2020"
In 2020, North America accounted for majority share in the data center liquid cooling market. This is mainly due to the growing adoption of processing-intensive computing applications as organizations adopt more cloud services coupled with increased use of artificial intelligence (AI) to power advanced analytics and automated decision making. North America is home to many technological innovators and have high demand for upcoming technologies such as cloud computing and IoT. To manage the increasing complexities of these technologies, powerful data center facilities are required. As a result, demand for data center services is likely to rise, and a number of American companies are entering the data center service market in this region. Most of the major data center service providers, such as HPE, Dell, and Cisco, have their headquarters in this region, which is one of the key reasons for the region's strong market share..
Reasons to buy this report:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts
The report presents a quick review of overall industry performance at one glance
The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
The study comprehensively covers the market across different segments
Deep dive regional level analysis of the industry
Data Center Liquid Cooling market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.