The Global Data Center Liquid Immersion Cooling Market is estimated to be valued at US$ 167.70039 Mn or Mn in 2023 and is expected to exhibit a CAGR of 26.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Data center liquid immersion cooling involves submerging servers, storage, and network components in a non-conductive liquid like mineral oil or fluorocarbon liquid. This allows for higher rack densities and improves efficiency by reducing energy usage associated with fans, pumps, and airflow management.
Market key trends:
The increasing application of artificial intelligence and machine learning technologies is creating vast amount of data, which is driving data center operators to deploy more efficient liquid immersion cooling solutions to handle higher heat loads. With over 50% reduction in energy consumption compared to traditional air cooling, liquid immersion cooling has emerged as a sustainable alternative to meet growing computing demands in a cost effective and environment-friendly manner.
Market key trends:
One of the key trends in the data center liquid immersion cooling market is the growing adoption of liquid immersion cooling solutions by large data center operators to enhance energy efficiency. Liquid immersion cooling provides much higher cooling efficiency compared to traditional air cooling techniques by fully submerging servers, storage, and networking equipment in a non-conductive dielectric liquid. This allows data center operators to reduce energy consumption significantly on cooling while maintaining optimum operating temperatures for sensitive electronic equipment.
SWOT Analysis
Strength: Liquid immersion cooling offers up to 90% better cooling efficiency compared to traditional air cooling methods, helping to significantly lower energy consumption for cooling.
Weakness: High initial implementation and setup costs associated with liquid-based cooling infrastructure compared to air-based cooling systems.
Opportunity: Increasing construction of large mega data centers driven by hyperscale cloud providers provides opportunities for liquid immersion cooling vendors to gain new customers.
Threats: Availability of other innovative cooling technologies like two-phase immersion cooling poses competition to traditional liquid immersion cooling systems.
Key Takeaways
The Global Data Center Liquid Immersion Cooling Market is expected to witness high growth, exhibiting CAGR of 26.% over the forecast period, due to increasing need for efficient cooling of rapidly growing volumes of server racks in hyperscale data centers. North America is expected to dominate the market over the forecast period owing to widespread adoption of immersion cooling by leading colocation providers and cloud companies in the region.
Regional analysis
The market in North America is expected to account for the largest revenue share of over 35% by 2030. This is due to the presence of numerous colocation providers, hyperscale companies and support from government toward building energy-efficient infrastructure in the US and Canada. The Asia Pacific market is anticipated to grow at the fastest CAGR during the forecast period due to rising investment in data center construction in major countries like China and India.
Key players operating in the data center liquid immersion cooling market include Alfalava, Asetek, CoolIT Systems, Green Data Center LLP, Green Revolution Cooling Inc., Horizon Computing Solutions, IBM Corporation, Midas Green Technologies, LLC, Rittal GmbH & Co. Kg., and Schneider Electric SE.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it