The Global Data Center Liquid Cooling Market size is projected to hit US$30.61 billion by 2031 at a CAGR of 27.22% from 2023-2031.
According to InsightAce Analytics, the market size in 2022 was US$3.56 billion based on end-user industry, data center and solutions. The end users is broken down into financial services, IT and telecom, government and public sectors, manufacturing, healthcare, retail and others.
The data center market is made up of colocation, hyperscale, enterprise and others while the solution is focused on indirect cooling and direct cooling.
The data center liquid cooling market players include ALFA LAVAL, Saitek Inc, Asperities, Black Box, Boyd, Chill dyne, COOLIT SYSTEMS, DCX The Liquid Cooling Company, Escalier Inc, FUJITSU, Green Revolution Cooling Inc, Isotope Technologies Limited, Liquid Stack and Allied Control, Moti Air Corporation, Nortek Air Solutions LLC, Ritual GmbH &Co. KG, Schneider Electric, Summer, Wiwynn, Multicore, JETCOOL Technologies Inc, Coolest DC, Tagore Inc, Fluix Inc and Fevered.
The choice of cooling technology for a data center in South East Asia and other regions depend on factors such as the size of the facility, the type of equipment being used, and the climate. Data center operators may choose to use a combination of different cooling technologies to achieve the best performance and efficiency.
Data centers are essential for the Internet and its applications because they provide services like online data transit and digital file storage. However, they also consume a lot of energy to cool and power servers.
Keppel Data Centres and Woodside Energy recently signed an agreement to explore the possibility of supplying liquid hydrogen to Singapore. Keppel plans to use hydrogen to power its data center operations, including the upcoming Datapark+ facility in Singapore.
Equinix is conducting a pilot project in Italy to evaluate hydrogen-ready fuel cell technology while Digital Realty teamed up with CoolestDC, a National University of Singapore spin-off, in order to benefit from latest cooling solutions and boost the effectiveness of data centers.