Published Date: 2022-07-18
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North American Data Center Liquid Cooling Market size is expected to reach USD 2 billion by 2028, according to a latest forecast report by Graphical Research.
The rising penetration of cloud services due to the presence of cloud service providers, such as Amazon Web Services, Inc., Google Cloud, IBM Cloud, and Microsoft Azure, will fuel the demand for cooling solutions that enable high processing power applications to operate effectively. Data center liquid cooling solutions help hyper-scale cloud data centers to manage heat dissipated from large storage & networking servers. Liquid cooling solutions are deployed in these facilities to support high heat density racks with reduced power consumption. The growing demand for cloud computing has resulted in condensed and compact IT equipment in data centers that require liquid cooling infrastructure. These solutions have a smaller footprint, high energy efficiency, and improved server dependability.
The ongoing COVID-19 pandemic had a moderate impact on the data center liquid cooling market growth in 2020. Many companies reported revenue declines in the first half of 2020 due to supply chain disruptions. Delays in the procurement of raw materials and electronic components impacted the overall manufacturing capabilities. The worldwide supply networks were simplified with the lifting of pandemic-related limitations in the second half of 2020 along with the restoration of industrial activities. Beginning in 2021, the industry experienced a sharp increase in automation, digital transactions, and remote software adoption. The penetration of digital technologies is consistently increasing in 2022, which will boost the demand for data center liquid cooling solutions. These systems make them ideal for data centers that are smaller in size and require the deployment of high-density hardware.
The direct-to-chip data center liquid cooling market share will grow significantly during the forecast timeline, as digitalization increases computing capacity, necessitating the integration of large chips in data centers. Powerful technologies for Artificial Intelligence (AI) applications are creating new demands for data center design and cooling. Large semiconductor chips are being introduced by manufacturers to optimize the efficiency of AI and High-Performance Computing (HPC) applications. For instance, in August 2021, Nvidia Corporation introduced the RTX A2000 GPU, which is designed to accommodate more desktops while speeding AI and ray tracing for design processes. The use of powerful GPUs in AI and HPC environments drives the demand for direct-to-chip data center liquid cooling methods.
Browse detailed statistical insights from the report, “North America Data Center Liquid Cooling Market Forecast 2028 By End-use (Enterprise [BFSI, Retail & E-commerce, Government, Healthcare, Manufacturing, IT Enabled Services (ITeS)], Telecom Service Providers, Cloud Service Providers), By Component (Solution [Direct-to-Chip, Immersive {IT Chassis, Tub/Open Bath}], Services [Managed, Professional]), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/2147/north-america-data-center-liquid-cooling-market
The telecom industry requires advanced data center liquid cooling solutions due to the growing trend of digitization and penetration of 5G technology. To provide enhanced services, telecom service providers in North America are deploying 5G standalone (SA) networks. For instance, in March 2022, Ericsson partnered with Rogers Communications Inc. to supply 5G advanced systems and network solutions in Canada to address the increasing requirements from various industry verticals. Increased investments by telecom companies in network capacity will boost the data center liquid cooling market growth as it provides effective thermal management to critical IT equipment. This enables them to deliver high-quality internet services with minimal latency.
The North America data center liquid cooling market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:
North America Market, By Component
North America Market, By End-use
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