Data Center Liquid Cooling Market size is expected to surpass USD 230 billion by the end of 2035, growing at a CAGR of 25% during the forecast period i.e. 2023-2035. In the year 2022, the industry size of data center liquid cooling was over USD 3 billion. The expansion of data centers including hyperscale data center is responsible for the market's expansion. As of January 2022, there are around 490 data centers in Germany. The United Kingdom ranked third in terms of the number of data centres, after China, which has over 450. Additionally, a number of hyper-scalers are now building enormous, over 80MW data centers in Europe.
In addition to this, factors such as the increasing usage of mobile phones and the internet are thought to be driving the market expansion for data center liquid cooling. It is anticipated that as mobile technology and the internet become more accessible and inexpensive, internet and mobile phone usage will rise. More than 60% of all internet users in the globe access the internet via a mobile device, according to estimates of 5 billion different mobile internet users worldwide in 2022.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023 – 2035 |
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CAGR |
~25% |
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Base Year Market Size (2022) |
~USD 3 billion |
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Forecast Year Market Size (2035) |
~USD 230 billion |
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Regional Scope |
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End-User (BFSI, IT & Telecom, Government & Defense, Healthcare, Retail, Manufacturing, Energy, Research & Academic)
The IT & telecom segment is estimated to account for 30% share of the global data center liquid cooling market in the year 2035. The growth of the segment can be attributed to the increasing usage of data. Globally, around 11 gigabytes of data were utilized by smartphones per month on average in 2021. Moreover, it is expected to almost quadruple by 2027, when it will grow to approximately 41 GB per smartphone each month globally. Furthermore, the rising generation of data in the IT & telecom sector is also expected to boost market growth. The phrase "data is the new oil” was first said by British mathematician Clive Humby fifteen years ago. Since then, the volume of data worldwide has multiplied around 74 times.
Product Type (Modular Liquid Cooling Units, Integrated Rack Liquid Unit, Heat Exchangers for Hot Spots, Door Units, Device-Mounted Liquid)
Data center liquid cooling market from the heat exchangers for the hot spots segment are expected to garner a significant share in the predicted period. Heat exchanger for hot spots is gaining popularity and completely replacing the door units and rack liquid cooling. The primary driving factor for the segment growth is the cost-effective deployment of data center liquid cooling. Basic liquid cooling requires a complete change in infrastructure which was previously used in air cooling.
Our in-depth analysis of the global market includes the following segments:
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Component |
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Product Type |
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End-User |
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North American Market Forecast
The data center liquid cooling market in North America, is projected to be the largest market by the end of 2035, registering a growth rate of 35%. The growth of the market can be attributed majorly to the world's largest region for connectivity and cloud the United States. The financial centers of New York and Chicago, as well as the tech centers of the Bay Area (San Francisco), Seattle, and Portland, are among its key markets. In addition to this, there are around 350 providers of hosting and cloud services in the region.
APAC Market Statistics
The Asia Pacific data center liquid cooling market is estimated to grow substantially during the projected period. The growth of the market can be attributed majorly to the rising investment to boost the data center's capacity. The Indian IT ministry intends to provide incentives for data centers under a national policy framework valued at up to USD 1800 million. Moreover, the policy states that over the next five years, the government plans to invest more than USD 36 billion in the ecosystem of data centers.
Author Credits: Abhishek Verma, Hetal Singh
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