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Global Data Centre Liquid Cooling System Market to Grow at a CAGR of 22.3% During 2022-2027, Aided by the Increasing Demand for Energy Efficient Cooling Systems

According to a new report by EMR titled, ‘Global Data Centre Liquid Cooling System Market Report and Forecast 2022-2027’, the market attained a value of about USD 2.31 billion in 2021. The industry is further expected to grow at a CAGR of 22.3% in the forecast period of 2022-2027 to reach USD 9.36 billion by 2027.

The developing IT infrastructure and the increasing demand for noiseless cooling systems are driving the market for data centre liquid cooling system. This can be attributed to the growing importance of data centre infrastructure and the need to manage large quantities of data owing to the rapid digitalisation. In addition, the availability of cost-effective and clean cooling solutions that allow for green computing is expected to further propel the market growth. Furthermore, the rapid technological advancements and the adoption of advanced technological solutions such as artificial intelligence, machine learning, blockchain, and others are projected to support the market growth in the forecast period.

Several companies are competing and collaborating to escalate their market potential by introducing advanced solutions and systems, which are predicted to aid the market growth. For instance, in April 2021, Microsoft Corporation (NASDAQ: MSFT) declared that it is the first cloud provider that is running two phase immersion cooling in a production environment. This liquid immersion cooling enables flexibility, while being sustainable and cost-effective than the air-cooling system. Furthermore, Aspen Systems Inc. (NASDAQ: AZPN), one of the key industry players, offers Liquid Chiller Modules Series with products such as LCM 600, LCM 900, and LCM 1400. All these provide cooling with flexibility. These products can be used in a variety of industries including electronics. Such developments are expected to invigorate the data centre liquid cooling system industry in the forecast period.

Market Analysis by Type, Data Centre Type, End Use, and Region:

  • The data centre liquid cooling system industry, based on type, can be divided into indirect cooling and direct cooling. Among these, the indirect cooling segment can be further divided into in-row-based and in-rack-based. Meanwhile, the direct cooling segment can be further bifurcated into single phase and two phase.
  • On the basis of data centre type, the market can be categorised into hyperscale centres, enterprise type, and colocation type centres, among others.
  • Based on end use, the market can be segmented into IT and telecom, banking, financial services, and insurance (BFSI), government and public sector, healthcare, manufacturing, and retail, among others.
  • The regional markets for data centre liquid cooling system include North America, Europe, the Asia Pacific, Latin America, and the Middle East, and Africa.

Key Findings of the Report:

  • The global market for data centre liquid cooling system is being driven by the growing need to efficiently cool down large data centres, fuelled by the rapid digitalisation.
  • The advantages of data centre liquid cooling systems such as cost-effectiveness and sustainability are further augmenting the market.
  • The technological advancements such as artificial intelligence and machine learning play a vital role in bolstering the market growth.
  • The investments made in research and development activities by the key players of the industry are expected to propel the market in the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for data centre liquid cooling system for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the types, data centre types, end uses, and major regions of data centre liquid cooling system.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global data centre liquid cooling system market are Asetek, Inc., Schneider Electric, Submer Technologies SL., Green Revolution Cooling, Inc. (GRC), Munters Europe AB, and Aspen Systems Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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