DUBLIN--(BUSINESS WIRE)--The "Data Center Liquid Cooling Market by Component (Solution and Services), End User (Cloud Providers, Colocation Providers, Enterprises, and Hyperscale Data Centers), Data Center Type, Enterprise, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global data center liquid cooling market is expected to grow from USD 1.2 billion in 2019 to USD 3.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 22.6% during the forecast period.
Growing demand for energy-efficient cooling solutions along with the increasing need for compact and noise-free solutions to drive the adoption of data center liquid cooling solutions and services
Major factors driving the growth of the data center liquid cooling market include increasing need for energy-efficient cooling solutions, growing demand for compact and noise-free solutions, need for lower operating costs, and need for better overclocking potential.
Based on solutions, direct liquid cooling solutions segment to grow at the higher CAGR during the forecast period
Direct Liquid cooling involves the direct immersion of data center servers into special sealed containers filled with fluids that are non-corrosive and non-toxic. Direct cooling solutions are anticipated to experience good growth opportunities in warmer regions of the world, such as APAC and MEA. Single-phase direct cooling solutions are cheaper to set up, but they tend to reduce the server lifespan. These solutions are, therefore, gaining popularity among data center vendors that utilize servers for a shorter time span.
Based on enterprises, the BFSI segment to hold the highest market share in 2019 in the data center liquid cooling market
The data centers in BFSI are characterized by larger server densities that generate high amounts of heat and require powerful cooling infrastructure. Moreover, with increasing budget constraints, cost-effective infrastructure solutions are becoming essential in the BFSI industry. Thus, this industry focuses on lowering energy consumption by installing advanced data center cooling and innovative building management tools. Data center cooling solutions are increasingly gaining traction in this sector, globally; this can be attributed to their capacity to provide reliable and efficient high performance cooling to large data center facilities.
Based on regions, data center liquid cooling market in Europe to grow at the highest CAGR during the forecast period
The high growth of the market in Europe is attributed to the large number of colocation facilities in the region and the increasing adoption of indirect liquid cooling solutions. Data center colocation providers are increasingly adopting liquid cooling due significant benefits in reducing energy consumption. Moreover, rising green data center initiatives are propelling the demand for direct liquid cooling solutions across the region.
Key benefits of the report
- The report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall data center liquid cooling market and the subsegments.
- This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies.
- The report would also help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency Considered
2 Research Methodology
2.1 Research Data
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Competitive Leadership Mapping Research Methodology
2.6 Assumptions for the Study
2.7 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Data Center Liquid Cooling Market
4.2 North America Data Center Liquid Cooling Market, By Component and Country
4.3 Market: Major Countries
5 Market Overview and Industry Trends
5.2 Market Dynamics
5.3 Use Cases
6 Data Center Liquid Cooling Market, By Component
7 Data Center Liquid Cooling Market, By Data Center Type
7.2 Small and Mid-Sized Data Centers
7.3 Large Data Centers
8 Data Center Liquid Cooling Market, By End User
8.2 Cloud Providers
8.3 Colocation Providers
8.5 Hyperscale Data Centers
9 Data Center Liquid Cooling Market, By Enterprise
9.2 Banking, Financial Services, and Insurance
9.3 IT and Telecom
9.4 Media and Entertainment
9.6 Government and Defense
9.8 Research and Academia
10 Data Center Liquid Cooling Market, By Region
10.2 North America
10.4 Asia Pacific
10.5 Middle East and Africa
10.6 Latin America
11 Competitive Landscape
11.2 Competitive Scenario
11.3 Competitive Leadership Mapping
12 Company Profiles
12.5 Green Revolution Cooling
12.6 Midas Green Technologies
12.7 Allied Control
12.8 Schneider Electric
12.10 Coolit Systems
12.14 Aspen Systems
12.15 DCX the Liquid Cooling Company
12.19 Cooler Master
12.22 Right to Win
For more information about this report visit https://www.researchandmarkets.com/r/14xyfj