The global market for liquid cooling in data centers is projected to increase from US$2.6 billion in 2023 to reach US$7.8 billion by 2028, with a compounded annual growth rate (CAGR) of 24.4% between 2023 and 2028.
According to latest research, from the different regions in the world, Asia Pacific is expected to be the fastest-growing region for data center liquid cooling market during the forecast period. The Asia Pacific region is becoming increasingly aware of the value of sustainable practices and green data centers.
The data center liquid cooling market report is dominated by players such as Rittal (Germany), Fujitsu (Japan), Vertiv Holdings Co. (US), Green Revolution Cooling Inc. (US), Summer (Spain), Midas Green Technologies (Austin), Schneider Electric (France), LiquidStack (Netherlands), Chilldyne (US), Iceotope Technologies Limited (UK), CoolIT Systems (Canada), Asperitas (Netherlands), DUG Technology (Australia), LiquidCool Solutions, Inc. (US), DCX Liquid Cooling Systems (Poland), and STULZ GMBH (Germany).
Liquid cooling is reported to be the most popular cooling technology within the data center market, particularly for High-Performance Computing (HPC) applications supporting AI and ML workloads. Leading industry players like Google have adopted liquid cooling for their latest AI hardware by retrofitting their existing data center infrastructure to accommodate for this technology.
Similarly, Meta (formerly Facebook) has recently revealed plans to develop a fresh AI design specifically tailored for their facilities.
Liquid cooling systems use water or other liquids to directly cool the servers and other equipment in a data center. These systems can be more efficient than air-based cooling systems, but require specialized equipment and maintenance. Cooling is essential for data centers to ensure that the equipment operates at optimal temperatures and avoids overheating, which can lead to system failures and data loss.
Building green data centers sourcing from renewable energy and finding energy efficient solutions are gaining momentum to reduce greenhouse gas emissions from data centers. Current estimates place data centers as consuming nearly 3% of the world’s total electricity, with nearly a majority of the energy used in data centers is related to cooling.
