Rapid Adoption of Technologies such as AI, ML, and Blockchain is Expected to Provide Significant Opportunity to Data Center Liquid Cooling Market Players
- Himanshu Patni
- April 1, 2022
- NEWS, TELECOM & IT
- Data Center Liquid Cooling Market, Data Center Liquid Cooling Market growth, Data Center Liquid Cooling Market share, Data Center Liquid Cooling Market size, Data Center Liquid Cooling Market trends
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A data center is a physical facility that organizations use to house their critical applications and data. A data center’s design is based on a network of computing and storage resources that enable the delivery of shared applications and data. In addition, an increase in IT spending and digitization coupled with incorporation of AI and IoT, has resulted in the generation of massive amounts of data. Such data is stored, processed, and transferred through a large number of stacked servers. Every day, these servers, along with potential cyber threats, face one primary threat: heat. Every electronic device generates heat when powered by an alternating current (AC) or direct current (DC). Thus, the global data center liquid cooling market to grow at a exponential CAGR of ~25% during the forecast period.
Furthermore, growing adoption of green data centers is expected to support market growth. Many players and companies in the industry are focusing on utilizing energy-efficient heating, ventilation, and air conditioning (HVAC) systems coupled with other advance technologies to save a significant amount of power, thus playing a significant role in environmental conservation. Thus, becoming a major factor for growing adoption liquid cooling techniques in data centers.
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By 2021, Majority of the Large Enterprises’ workloads will be on the cloud, with AI coming in a close second at 88% focus, followed by IOT at 65%. Large Enterprises are expected to adopt new-age digital technologies to augment their business growth as well as scale. While some of the Large Enterprises have been around for a long time, they haven’t really focused on expanding their digital footprint. For Large Enterprises looking to diversify and increase their digital footprint, they need to identify their business outcomes, build digital infrastructure, lead an innovation group, headed by CDO and must define their enterprise programs. These steps will certainly help them outline a comprehensive digital transformation strategy that aligns with their business vision
The global data center liquid cooling market size has witnessed a significant boost since the outbreak of the COVID-19 pandemic across the globe. The demand for data centers has increased because of the increased access to internet-related services aided by nation-wide lockdowns imposed by governments worldwide. The COVID-19 pandemic has significantly increased the internet traffic between 25% and 30% during the initial lockdown period (March-April) worldwide, which is 10X times than normal growth (~3% per month).
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.
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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. Large data centers are distinguished by their extensive use of computing power to meet the data center requirements of large corporations.
Based on type, the Data Center Liquid Cooling Market has been bifurcated into Enterprise Data Centers, Colocation Data Centers, Managed Service Data Centers, and Cloud Data Centers. Among these, Enterprise data centers to hold significant share during the forecast period. Furthermore, Data center cooling is rapidly evolving as the adoption of liquid cooling allows the industry to redefine density and support next-generation computing capabilities.
For a better understanding of the market adoption of Data Center Liquid Cooling Industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. 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.
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Some of the major players operating in the market include 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. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.
Data Center Liquid Cooling Market Segmentation
Market Insight, by Component
- Indirect Liquid Cooling
- Direct Liquid Cooling
- Design and Consulting
- Installation and Deployment
- Support and Maintenance
Market Insight, by Size
- Small and Mid-Sized Data Centers
- Large Data Centers
Market Insight, by Type
- Enterprise Data Centers
- Colocation Data Centers
- Managed Service Data Centers
- Cloud Data Centers
Market Insight, by Region
- North America Data Center Liquid Cooling Market
- United States
- Rest of North America
- Europe Data Center Liquid Cooling Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Data Center Liquid Cooling Market
- Rest of Asia-Pacific
- Rest of World Data Center Liquid Cooling Market
Top Company Profiles
- Schneider Electric SE
- Aquila Group
- Asetek Inc.
- RITTAL GmbH & Co. KG
- Vertiv Group Corp.
- Green Revolution Cooling Inc.
- Chilldyne Inc.
- Fujitsu Limited
- ExaScaler Inc.
- CoolIt Systems