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    Europe Data Center Liquid Cooling Market Forecast 2028 By Component (Solution [Direct-to-Chip, Immersive {IT Chassis, Tub/Open Bath}], Services [Managed, Professional]), By End-use (Enterprise [BFSI, Retail & E-commerce, Government, Healthcare, Manufacturing, IT Enabled Services (ITeS)], Telecom Service Providers, Cloud Service Providers), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: July 2022   |   Report ID: GR2146   |   Delivery: PDF  Request Free Sample

    Europe Data Center Liquid Cooling Market size surpassed USD 650 million in 2021 and is estimated to witness 20% CAGR from 2022 to 2028.

    Europe Data Center Liquid Cooling Market, By Country

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    The introduction of digital technologies in the manufacturing sector to automate various processes is underway in the market. Leading automotive manufacturers, such as BMW AG and Mercedes-Benz, which have a strong foothold in countries including the UK, France, and Germany are progressively investing in expanding their manufacturing capabilities. This will enhance the demand for data center liquid cooling systems for optimum temperature management in IT equipment. With the increasing adoption of the Industrial Internet of Things (IIoT) in manufacturing plants, many automotive manufacturers are adopting data center liquid cooling technology to protect equipment and maintain productivity.

    The COVID-19 pandemic had a moderate impact on data center liquid cooling usage in 2020 as government authorities imposed severe lockdown measures and travel restrictions to prevent COVID-19 spread. End-users used digital services for contactless payments, streaming platforms, video conferences, and e-commerce applications due to the pandemic in 2020. The increased reliance on digital technologies has caused significant changes in the market dynamics in 2021, prompting enterprises to focus on thermal management systems that support crucial workloads with a high level of reliability. The data center liquid cooling market in Europe will witness growth in 2022 to provide steady heat distribution to ensure the smooth functioning of mission-critical workloads stored on the cloud.

    Europe Data Center Liquid Cooling Market, By End-use

    The increasing digitalization of payment systems in Europe is enabling enterprises to adopt energy-efficient data center liquid cooling solutions to lower maintenance costs. For instance, in August 2021, Paysafe Limited acquired viafintech GMBH, a German digital payments startup, to deliver digital payment and open banking services. These factors encourage the BFSI sector to move its data centers to a centralized environment to reduce costs and provide enhanced reliability, connectivity & performance. These enterprises require large-scale data centers that can provide uninterrupted data processing and storage. Large-scale data centers use high-density servers, attracting high-energy costs and adversely impacting the environment.

    Europe accounted for a major data center liquid cooling market share and will expand during the forecast timeline, which is led by an increase in the construction of new data centers by cloud service providers. The UK has emerged as a popular location for the establishment of data centers due to its superior cybersecurity infrastructure. For instance, in September 2021, Google LLC announced the creation of a new Cloud zone in Europe to increase its data center footprint. The company aims to expand its operations in Germany by investing USD 1.18 billion in new data centers. To fulfill the demand for high-density racks, these companies are transitioning toward liquid cooling technologies as they have a smaller footprint, superior energy efficiency, improved server dependability, minimum noise, and a reduced total cost of ownership compared to conventional air-cooling systems.

    Competitive Industry Landscape

    Some of the leading companies operating in the Europe data center liquid cooling market include The 3M Company, Alfa Laval AB, Asetek A/S, Bitfury Group Limited, Black Box Corporation (AGC Networks Pvt Limited), Green Revolution Cooling (GRC), Inc., IBM Corporation, Iceotope Technologies Limited, Mitsubishi Electric Corporation (Mitsubishi Group), Rittal GmbH & Co. KG, Schneider Electric SE, STULZ GmbH, Submer Technologies, and Vertiv, Co. Companies are offering innovative cooling technologies to assist data center operators in enhancing their computing performance and lowering energy consumption.


    Frequently Asked Question(FAQ) :

    How big is Europe data center liquid cooling market?
    The market size for data center liquid cooling in Europe was crossed USD 650 million in 2021 and is anticipated to register 20% CAGR between 2022 and 2028.
    Why is the manufacturing sector adopting data center liquid cooling segment?
    The manufacturing sector will hold a sizeable share of the Europe industry by 2028 because of the rising introduction of digital technologies to automate various processes in the sector.
    What is the role of data center liquid cooling industry in Europe’s BFSI sector?
    The market revenue for data center liquid cooling in Europe from the BFSI sector will grow at a notable rate by 2028 due to the increasing digitization of payment systems across the region.
    Who are the leading providers of data center liquid cooling solutions in Europe?
    Black Box Corporation (AGC Networks Pvt Limited), Green Revolution Cooling (GRC), Inc., Bitfury Group Limited, Asetek A/S, Alfa Laval AB, and 3M Company, among many others, are the key market participants.

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