According to MarketsandMarkets, the global data center liquid cooling market size 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 per cent during the forecast period. The key 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.

Indirect liquid cooling is usually possible through liquidcooled cold plates mounted onto the chips. Indirect liquid cooling solutions are usually able to remove over 70 per cent of the heat generated using liquids that do not come into direct contact with the equipment. Indirect liquid cooling solutions can be categorised into single phase and two phase.

Installation and deployment service providers also provide services related to rapid transition from primal air-cooled infrastructure to efficient liquid-cooled infrastructure. These services can be used by small as well as large organisations for assistance in the deployment of reliable data center liquid cooling solutions in a cost-effective manner. Moreover, they act as one-stop shop for hassle-free deployments accompanied by minimum downtimes caused due to change in existing cooling infrastructure. These services are increasingly being used by organisations worldwide.

North America to account for the largest market size during the forecast period
North America is estimated to dominate global data center liquid cooling due to the presence of large number of data centers in the region and the rise in popularity of technology, the report reveals. The adoption of Cloud-based computing and big data analytics requires highly efficient data storage capabilities. Moreover, an increase in demand for green initiatives for ecological data center solutions and substantial growth of power density have fuelled the growth of the data center liquid cooling market in North America. Fur thermore, the presence of technology giants such as Google, Microsoft, Facebook, and Apple add to the growth of the data center liquid cooling market in North America.

According to the study, the data center liquid cooling market comprises major providers, such as Asetek (Denmark), Rittal (Germany), Ver tiv (US), Green Revolution Cooling (US), Midas Green Technologies (US), Allied Control (Hong Kong), Schneider Electric (France), Chilldyne (US), CoolIT Systems (Canada), Submer (Spain), Iceotope (UK), Fujitsu (Japan), Aspen Systems (US), DCX The Liquid Cooling Company (Poland), Ebullient (US), Aquila Group (US), ExaScaler (Japan), Cooler Master Co (China), Asperitas (Netherland) and Liqit.io (Ukraine).