According to MarkNtel Advisors study the Global Data Center Liquid Cooling Market size was valued at USD 3.01 billion in 2024 and it is estimated to grow at a CAGR of around 21.70% during the forecast period, i.e., 2024-30.

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Key Findings of the Study: Data Center Liquid Cooling market

Global Data Center Liquid Cooling Market Driver:

Increasing Data Centers for Financial Institutions to Push Demand for Data Center Liquid Cooling – Over the past few years, there has been a significant increase in the number of banks & the bankable population across the globe due to rising globalization, promoting financial inclusion and economic growth in developed & developing nations. Financial institutions are essential for every individual, including working, students, and others, since the banks pose as a safe place for storing money.

Moreover, nowadays these financial institutions offer a wide range of payment and transaction services for paying bills, making purchases, among other transactional activities. As a result, more individuals are increasingly opening their bank accounts to access different financial services provided by the public & private banks. According to global Findex by the World Bank, in 2022, more than 76% of adults across the globe had an account at a bank or any regulated institution such as a credit union or microfinance institution. This significant rise in the bankable population increased the consumer's financial data. As a result, banks or financial institutions rely on their data centers to store critical financial information.

Further, the data centers have hardware & servers, which tend to overheat due to the continuous operations, therefore, there is a requirement for the data center liquid cooling systems to prevent hardware failure. Hence, the banks opt for data center liquid cooling systems to ensure the continuity of their operations, driving the Global Data Center Liquid Cooling Market.

Global Data Center Liquid Cooling Market Challenge:

Higher Initial Setup Costs & Maintenance Costs to Restrain the Adoption of Data Center Liquid Cooling – The data center's liquid cooling systems are generally of higher costs since they are equipped with a wide range of cooling equipment, such as pumps, heat exchangers, and coolant distribution systems. According to research by DataSpan, a Data Center Storage Systems, and Network Service Solutions provider, in 2022, a cooling system will be amongst the most expensive parts of any data center system, and around 30% to 55% of a data center’s energy consumption goes into powering its cooling and ventilation systems. This causes a financial burden on the small-scale data center operators, as a result, they tend to seek economical alternatives like traditional cooling, Rear-Door Heat Exchangers, and others, consequently hindering the market growth of data center liquid cooling.

Further, the coolant required in these systems needs to be regularly monitored and maintained, therefore, data center operators check fluid levels, purity, and the condition of the coolant, thereby increasing maintenance costs. Hence, small & mid-size data center operators refrain from investing in these systems, restraining market growth.

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Scope of the Report and Data Center Liquid Cooling Market Segmentation:

By Cooling Type

• Cold Plates- Market Size & Forecast 2019-2030F, USD Million
• Direct Liquid Cooling- Market Size & Forecast 2019-2030F, USD Million
  • Immersion- Market Size & Forecast 2019-2030F, USD Million
    • Single-Phase- Market Size & Forecast 2019-2030F, USD Million
    • Two-Phase- Market Size & Forecast 2019-2030F, USD Million
  • Chilled Water Cooling- Market Size & Forecast 2019-2030F, USD Million
• Indirect Liquid Cooling- Market Size & Forecast 2019-2030F, USD Million
  • Top-of-Row Cooling- Market Size & Forecast 2019-2030F, USD Million
  • In-Row Cooling- Market Size & Forecast 2019-2030F, USD Million
• Rack Liquid Cooling- Market Size & Forecast 2019-2030F, USD Million

By End Users

• Healthcare & Lifesciences- Market Size & Forecast 2019-2030F, USD Million
• E-commerce and Retail- Market Size & Forecast 2019-2030F, USD Million
• IT and Telecom- Market Size & Forecast 2019-2030F, USD Million
• BFSI- Market Size & Forecast 2019-2030F, USD Million
• Hospitality- Market Size & Forecast 2019-2030F, USD Million
• Others (Energy & Utilities, Media & Entertainment, etc.) - Market Size & Forecast 2019-2030F, USD Million

By Data Center Size

• Small & Medium- Market Size & Forecast 2019-2030F, USD Million
• Large- Market Size & Forecast 2019-2030F, USD Million

By Type of Data Center

• Enterprise- Market Size & Forecast 2019-2030F, USD Million
• Colocation- Market Size & Forecast 2019-2030F, USD Million
• Cloud Data Centers- Market Size & Forecast 2019-2030F, USD Million
• Hyperscale- Market Size & Forecast 2019-2030F, USD Million
• Others (Disaster Recovery (DR) Data Centers, Modular and Prefabricated Data Centers, etc.)- Market Size & Forecast 2019-2030F, USD Million

In recent years, E-commerce and retail have witnessed significant growth due to a surge in internet penetration across the globe & the advantages of e-commerce over traditional shopping.

Data Center Liquid Cooling Market Development:

• 2022: Green Revolution Cooling Inc. launched an initiative to spread awareness about liquid cooling immersion technologies. Other companies such as Dell Technologies, Intel, HTS, eSamrt Systems, etc., also announced their participation in this initiative to increase attentiveness to immersion cooling technology.
• 2022: Schneider Electric, delivered a data center cooling liquid system in Dublin to digitally transform energy management and automation in the university. The company provided its solutions to make the facility more energy and space-efficient, as well as more resilient and scalable.

Geographical Analysis:

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

North America gained a significant market share in the Global Data Center Liquid Cooling Market due to the prevalence of IT and telecom companies like Google, Amazon, Microsoft, Facebook, and Apple in North American countries like the US & Canada.

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