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The Future is Liquid
Release time:
2024-08-13
The data center liquid cooling market is expected to see significant growth in the coming years, driven by the need for greener and more efficient cooling solutions. A report by Research and Markets indicates that the market was valued at over $3.19 billion globally in 2021 and is predicted to exceed $7.2 billion by 2026, showing a CAGR of 14.64%
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Microsoft has shown interest in liquid cooling solutions to ensure the efficiency of its hyperscale facilities, which are becoming denser and running hotter each year. Christian Belady, a distinguished engineer and vice president at Microsoft, stated that "air cooling is not enough," and the company is moving towards immersion cooling, where heat is directly dissipated from the chip surfaces
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The Liquid Cooling Coalition (LCC) was launched in March 2023 with the mission to promote the widespread adoption of liquid cooling solutions for IT equipment in data centers. The coalition aims to educate policymakers and the public, advocate for supportive policies, and foster collaboration among industry stakeholders to achieve an environmentally sustainable digital world
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The global immersion cooling market for data centers is forecasted by Verified Market Research (VMR) to grow at a CAGR of 22.50% from 2024 to 2031, starting from a market value of USD $293.77 million in 2024 and expected to reach approximately USD $1.49 billion by the end of the forecast period
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Key players in the global immersion cooling market include LiquidStack, Fujitsu, Green Revolution Cooling (GRC), Submer, Asperitas, Midas Green Technologies, Iceotope Technologies, and others
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The Data Center Liquid Cooling Market size is estimated to reach USD 4.48 billion in 2024 and is expected to grow at a CAGR of 23.31% during the forecast period (2024-2029), reaching USD 12.76 billion by 2029. This growth is driven by the increasing need for data centers as the population becomes more connected and reliant on digital infrastructure
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These news pieces highlight the advancements, market trends, and key players in the liquid cooling industry, emphasizing the technology's potential in addressing the cooling needs of modern data centers.
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