Data Center Liquid Immersion Cooling Market Set to Expand Significantly, Projected to Reach $2.8 Billion by 2027
MarkWide Research’s latest report titled “Data Center Liquid Immersion Cooling Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2027” indicates a significant expansion of the global data center liquid immersion cooling market. The market is projected to reach a valuation of $2.8 billion by 2027, with a robust CAGR of 9.1% during the forecast period.
The report delves into the key factors driving the growth of the data center liquid immersion cooling market. One of the prominent drivers is the escalating demand for energy-efficient and high-performance data center solutions. Liquid immersion cooling technology offers advantages such as enhanced cooling efficiency, reduced energy consumption, and improved hardware reliability.
As data centers continue to handle vast amounts of information, heat dissipation becomes a critical challenge. Liquid immersion cooling addresses this challenge by directly cooling server components, ensuring efficient heat transfer and maintaining optimal operating temperatures.
The market is segmented based on cooling solution, data center type, and region. On the basis of cooling solution, the report covers single-phase and two-phase immersion cooling. Two-phase immersion cooling is anticipated to hold a significant market share due to its higher cooling efficiency and suitability for high-density computing environments.
In terms of data center type, the report covers segments such as enterprise data centers and colocation data centers. The colocation data centers segment is projected to dominate the market share due to the increasing adoption of immersion cooling by data center service providers.
Geographically, the report covers regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to lead the data center liquid immersion cooling market, driven by the presence of major technology companies and the need to address the energy consumption challenges of data centers.
The competitive landscape of the global data center liquid immersion cooling market features both established players and emerging entrants. Leading companies profiled in the report include Schneider Electric SE, CoolIT Systems Inc., Submer Technologies SL, and Allied Control Ltd., among others. These players are focusing on research and development, strategic collaborations, and partnerships to expand their market presence.
In conclusion, the global data center liquid immersion cooling market is set to experience significant growth as the demand for energy-efficient data center solutions continues to rise. The report by MarkWide Research provides comprehensive insights into market trends, growth drivers, challenges, and opportunities for industry stakeholders and investors.