According to a recent study from market research firm Global Market Insights, The global data center liquid cooling market has emerged as a prominent investment ground lately for potential stakeholders, given the increasing workloads, storage densities and computing requirements of organizations worldwide. With servers across data centers becoming more sophisticated, the one major trade-off is the amount of heat they generate during their operation. Data Center Liquid Cooling industry is set to surpass USD 3 billion by 2026, according to a new research report by Global Market Insights, Inc.
The matter of overheating becomes a major point of concern when the issue results in a loss in power causing the servers inside the data centers to fail, bringing operations to a halt and costing the organization millions of dollars. This has made efficient & reliable operations of the cooling, power & support systems extremely crucial for ensuring continuous flow of data across these mission-critical facilities, a fact that has served to majorly augment data center liquid cooling market.
The increasing demand for digital services and unprecedented growth in AI and machine learning has helped push data center liquid cooling market share to new heights lately. Data centers demand efficient cooling systems to reduce power consumption as over 30% of the power is used for cooling purposes. Processor performance is also severely affected by overheating resulting in slower operations.
However, with businesses increasingly shifting towards mainframes and supercomputers, liquid cooling technology seems to be an ideal solution for modern data centers. Furthermore, the consistently changing demands for new, uninterrupted digital has been prompting data centers to adopt innovative technologies that will help boost data center liquid cooling market in the coming years.
The growing implementation of artificial intelligence (AI), big data, cloud, and machine learning in newly developed software solutions has also been driving the industry growth. With the development of more powerful chips capable of rapidly processing data for new complex applications, the amount of power consumption has exponentially increased leading to more component heat generation.
For instance, an increasing number of GPUs and FPGAs are nowadays pushing systems to their limits for smoothly running heavy applications like AI, big data analytics, HPC, media streaming, machine learning which in turn generate high amounts of heat. Reports claim that the heat profile for many GPU based servers is double than that of traditional servers.
Speaking of the regional expanse of the data center liquid cooling market, it would be prudent to state that APAC and Europe are two prominent geographical revenue pockets for the industry. Asia Pacific data center liquid cooling industry will witness significant growth over the ensuing years, driven by the increase in data capabilities brought forth by the growing digitalization in every possible industry sector.
The expansion of the Europe data center liquid cooling industry can be majorly credited to the massive presence of numerous colocation facilities across the continent. Powered by the advent of robust digitization across the industries such as BFSI and medical care, in tandem with the rapid adoption of machine learning technology in the region, Europe data center liquid cooling industry share is set to soar high in the years to come.
Liquid-based cooling solutions have more heat removal capabilities & can reduce a data center’s power consumption by about 70%. The paradigm shift toward high energy consuming applications and the deployment of AI, big data and machine learning will mandate the adoption of liquid cooling solutions for smoother operations in the years ahead.
Top Prominent player Data Center Liquid Cooling Market in are 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., Schneider Electric SE, Silverback Migration Solutions, Inc., Stulz GmbH, Submer Technologies, The 3M Company, Vertiv Group Corporation