Originally posted on Data Center POST
The global data center liquid cooling market was estimated at USD 3.2 billion in 2023 and is expected to reach USD 16.4 billion by 2032, according to recent report by Global Market Insights Inc.
The data center liquid cooling market will showcase over 19% CAGR between 2024 and 2032, propelled by the demand for efficient cooling solutions becoming paramount. Traditional cooling methods, while once effective, are now struggling to keep pace with the rising energy consumption and operational densities of modern data centers.
This shift is not merely a trend but a necessity, as companies recognize the tangible benefits of liquid cooling technologies. These technologies not only promise enhanced thermal management but also offer significant energy savings, making them an attractive proposition for forward-thinking enterprises.
The market is classified based on component, data center size, application, end use, and region.
Rising demand for solution
The growing emphasis on energy efficiency and operational cost reduction is driving the surge in the solution component segment of the data center liquid cooling market. In 2023, the solution segment, based on components, accounted for over USD 2 billion. The segment’s growth is fueled by the rising demand for cooling solutions adept at managing heat in high-density computing settings. Immersive cooling, a step away from conventional air methods, tackles heat by submerging densely packed components in a cooling fluid. This approach not only curtails the need for extra cooling infrastructure but also trims operational costs and boosts energy efficiency by reducing dependence on air conditioning.
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