Data Center Liquid Cooling Market Trends, Segmentation and Registering a Strong Growth by 2032

Data center liquid cooling market size is projected to exceed USD 12 billion by 2032, according to the recent research report by GMI Inc. Rising technological advancements and growth in server and chip density across developing nations, particularly in Asia Pacific will complement the industry growth. The emergence of COVID-19 significantly pushed SMEs in region to adopt cloud computing solutions in order to cut down on operational costs. Additionally, rapid penetration of next-generation technologies such as big data, AI, IoT, and machine learning is encouraging data centers to expand server and chip density to keep up with the customer needs. Increasing use of powerful hardware systems compatible with AI workloads is transforming data centers and their cooling requirements, hence positively influencing the data center liquid cooling industry outlook.

Need for efficient data migration to propel the demand for data center liquid cooling services

The data center liquid cooling market in the services sector is anticipated to grow at a 19.5% CAGR between 2023 and 2032. The installation of cooling systems in big buildings is increasing the demand for efficient tools and services to manage and monitor these systems continuously. To ensure scalability, service providers and manufacturers are introducing cutting-edge data centre management services.

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Services provided by data center liquid cooling sources include professional and managed services. Among these, professional services held more than 71.5% share in 2022. Professional services are gaining tremendous momentum owing to their ability to facilitate data migration efficiently, which helps in transferring data between systems during new installations or updates.


Modernization of cloud infrastructure to promote installation of data center liquid cooling units

By 2032, it is predicted that the cloud service providers will generate USD 4.5 billion in revenue. Cloud service providers have seen significant business growth in recent years, along with growing demand for massive amounts of data processing and storage. Therefore, cloud experts are emphasising the expansion of IT infrastructure facilities, increasing the demand for quick and affordable cooling solutions. Direct liquid cooling units are also becoming more popular as a result of companies being forced to modernise their IT centres with energy-efficient solutions due to the onset of digitization and increased efforts to support the energy transition.

Rapid espousal of cloud to augment North America industry

North America data center liquid cooling market was valued at more than USD 895 million in 2022. Leading cloud service providers like Google, Facebook, and Microsoft have significant presences in the area. These behemoths are introducing fully furnished data centres that include racks, first-rate services, and other IT hardware. Cloud data centres that can accommodate high processing power servers and applications are becoming more and more necessary as cloud computing gains popularity and the general public's interest in cloud platforms grows.

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IT facilities with extensive data storage and transfer needs rely on high-speed operations, increasing power consumption and ultimately supporting the demand for data center liquid cooling market. Developed economies such as the U.S. and Canada have exponential internet consumption with large-scale penetration of smart technologies, offering lucrative scope for industry expansion.
 
Rise in mergers and deals to boost market development
 
Avnet, Schneider Electric SE, Green Revolution Cooling, Inc., Asetek AS, Iceotope Technologies Limited, and Submer Technologies are some of the leading companies in the global business scenario. These participants are foraying into partnerships and acquisitions to strengthen their product portfolio.
 
Table of Contents (ToC) of the report:
Chapter 1   Methodology & Scope
1.1    Market scope & definitions
1.2    Base estimates & calculations
1.3    Forecast calculations
1.3.1    North America
1.3.2    Europe
1.3.3    Asia Pacific
1.3.4    South America
1.3.5    MEA
1.4    Data Sources
1.4.1    Primary
1.4.2    Data mining sources
1.4.2.1    Paid
1.4.3    Secondary
1.5    Glossary
Chapter 2   Executive Summary
2.1    Data center liquid cooling market 3600 synopsis, 2018 - 2032
2.1.1    Business trends
2.1.2    Total addressable market (TAM) trends
2.2    Regional trends
2.2.1    Component trends
2.2.1.1    Solution trends
2.2.2    Service trends
2.2.3    End use trends
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/data-center-liquid-cooling-market

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