From $1.44 billion in 2020, the global Data Center Liquid Cooling market is projected to reach $6.47 billion by 2028. Based on our analysis the market is expected to grow at a CAGR of 20.6% from 2020 - 2028 timeframe.
Some of the prominent trends that the market is witnessing includes, rising requirements for high-density cooling products, growing block chain, emergence of AI, & other advanced technologies and the growing adoption of live streaming videos & OTT content.
Global Data Center Liquid Cooling Market: Market Dynamics
Nowadays, each business house, establishments depend on data generated through various modes. The data are being kept and moved in a blink of an eye. Furthermore, data centers across the globe are growing at the same speed at which they can collect all those data, which are being generated every second. The effectiveness of these data centers is extremely reliant on numerous cooling facilities, which is been installed in the data centers. Such cooling devices are designed so that they can be improved to offer adequate performance, irrespective of the heat generated, and rising concern over saving of energy and saving the environment are few possible factors, which will propel the demand for data center liquid cooling. Market players are presenting innovative cooling solutions to aid data center managers in improving their computing performance and decreasing energy usage.
For instance, in June 2021, Amazon.com Inc brings out Echo Show 10 and Echo Show 5 smart devices in India. The adoption of such devices is importantly fueling the requirement for data centers for storing and processing consumers’ information.
On the other hand, the high capital expenditure and maintenance are likely to obstruct the profit boundaries. In addition, increasing demand for compact, noise-free solutions and the growing need for energy-efficient cooling solutions will further boost the data center liquid cooling market.
Impact of COVID-19 on Data Center Liquid Cooling
The outbreak of COVID-19 had a neutral influence on the Data Center Liquid Cooling Market. The worldwide lockdown during the epidemic has amplified the demand for data processing centers, which has perceived a two-fold rise in traffic throughout the period. Generally, the effect was neutral as data center demand increased, leading to numerous new deployments and the commissioning of new capacities. Though, the supply chain of most of the industries across the globe got distressed owing to COVID-19, which has adversely affected by the supply side of this market.
Information technology (IT) and Telecom Segment, Dominate the Market in 2020
The Information technology (IT) and Telecom segment made huge revenue in 2020 and growing its prominence during the forecast period. The telecom industry is the leading consumer of data centers. Data centers are a vital part of the ICT industry as data transmission and data delivery operations need improved connectivity. As communication is the prime factor contributing to the success of the ICT industry, data centers have become critical to this industry. Therefore, the demand for data center liquid cooling from the IT and telecom industry is most amongst other industries.
Europe Region is Leading in the Global Market Place
Europe is likely to have a huge demand in the forecast period owing to increasing expansion of data centers across the region. The favorable environmental conditions, such as easy availability of land, cheaper electricity, accessible renewable energy, and tax incentives, are encouraging data center service providers to invest in this region.
List of the Key Players Profiled in the Market Include:
• Alfa Laval AB • Asetek A/S • Bitfury Group Limited (Allied Control Ltd.) • Black Box Corporation (AGC Networks Pte. Limited) • Chilldyne Inc. • CoolIT Systems Inc. • Ebullient, Inc. • Green Revolution Cooling Inc. • IBM Corporation • Iceotope Technologies Limited • Liquid Cool Solutions, Inc • Midas Green Technologies LLC • Mitsubishi Electric Corporation (Mitsubishi Group) • Rittal GmbH & Co Kg
List of the Regions/Countries Profiled in the Market Include:
North America • US • Canada • Mexico Europe • Germany • U.K • Italy • France • Spain • Rest of Europe Asia Pacific • China • Japan • India • Australia • New Zealand • Rest of Asia Pacific Middle East • Saudi Arabia • UAE • Rest of Middle East Latin America • Argentina • Brazil • Rest of Latin America Rest of the World (ROW) • South Africa • Others
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