データセンター液体冷却市場 – 2032年までの世界予測

Data Center Liquid Cooling Market - Global Forecast To 2032

データセンター液体冷却市場 - コンポーネント (ソリューションとサービス)、エンドユーザー (コロケーションプロバイダー、エンタープライズ、ハイパースケールデータセンター)、冷却媒体、データセンターの種類、冷却の種類、エンタープライズ、地域別 - 2032年までの世界予測
Data Center Liquid Cooling Market by Component (Solution and Services), End User (Colocation Providers, Enterprises, and Hyperscale Data Centers), Cooling Medium, Data Center Type, Type of Cooling, Enterprise, and Region - Global Forecast to 2032

商品番号 : SMB-16717

出版社MarketsandMarkets
出版年月2025年3月
ページ数308
図表数377
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

世界のデータセンター液体冷却市場は2025年から2032年にかけて年平均成長率(CAGR)33.2%で成長し、2025年の28億4,000万米ドルから2032年には211億4,000万米ドルに拡大するとMarketsandMarketsでは予測しています。

データセンターの液体冷却市場は、GPU や CPU などの高性能コンピューティングデバイスの電力密度の増加により拡大しており、効率的な冷却メカニズムが求められています。ダイレクトツー チップ冷却や浸漬冷却などの液体ソリューションは、従来の空冷よりも高密度データセンターの問題に対処するために採用されることが多くなっています。エッジコンピューティングと IoTの成長により、コンパクトで効率的な冷却ソリューションの需要がさらに高まっています。エネルギーと水の消費を最小限に抑えることにも重点が置かれており、持続可能性の利点から液体冷却が好まれています。政府の支援と世界中のデータセンターへの投資の増加も、効率を高めて運用コストを削減するための新しい冷却技術の採用を加速させています。

「データセンター液体冷却市場 – コンポーネント (ソリューションとサービス)、エンドユーザー (コロケーションプロバイダー、エンタープライズ、ハイパースケールデータセンター)、冷却媒体、データセンターの種類、冷却の種類、エンタープライズ、地域別 – 2032年までの世界予測 – Data Center Liquid Cooling Market by Component (Solution and Services), End User (Colocation Providers, Enterprises, and Hyperscale Data Centers), Cooling Medium, Data Center Type, Type of Cooling, Enterprise, and Region – Global Forecast to 2032」はデータセンタ用液体冷却市場を主要セグメント別に分析・予測しています。また主要企業の企業情報も提供します。

主な掲載内容

  • 市場概観
    • 市場力学
    • ファイブフォース分析
    • 主要ステークホルダーと購入基準
    • バリューチェーン分析
    • エコシステム分析
    • 単相式冷却と二層式冷却の比較:高性能データセンタ向けの最適な解決策の選択
    • AI/生成AIがデータセンター液体冷却市場に与える影響
    • ケーススタディ分析
    • 主要会議とイベント 2025-2026年
    • 規制環境
    • 技術分析
    • 特許分析
    • 投資と資金調達シナリオ
    • 世界のマクロ経済展望
  • データセンター液体冷却市場:データセンタータイプ
    • 小規模&中規模データセンター
    • 大規模データセンター
  • データセンター液体冷却市場:冷却方法
    • 液体冷却プレート
    • 液浸冷却
    • 微細ミスト冷却(スプレーリキッド冷却)
  • データセンター液体冷却市場:構成要素
    • ソリューション
    • サービス
  • データセンター液体冷却市場:エンドユーザ
    • コロケーションプロバイダー
    • 法人
    • ハイパースケールデータセンター
  • データセンター液体冷却市場:法人タイプ
    • BFSI
    • IT&電気通信
    • メディア&エンターテインメント
    • 医療
    • 政府&防衛
    • 小売業
    • 研究&学術
    • その他の法人
  • データセンター液体冷却市場:冷却媒体
    • 誘電体
    • 冷却材
  • データセンター液体冷却市場:地域
    • 北米
      • 米国
      • カナダ
      • メキシコ
    • アジア太平洋地域
      • 中国
      • 韓国
      • 日本
      • インド
      • マレーシア
      • シンガポール
      • オーストラリア
      • その他のアジア太平洋地域
    • 欧州
      • 英国
      • ドイツ
      • フランス
      • その他の欧州
    • 南米
      • ブラジル
      • その他の南米
    • 中東&アフリカ
      • サウジアラビア
      • GCC諸国
      • 南アフリカ
      • その他の中東&アフリカ
  • 競合環境
    • 主要プレイヤの戦略/勝つ権利
    • 収益分析
    • 市場シェア分析 2023年
    • ブランド/製品比較
    • 企業評価マトリクス:主要プレイヤ
    • 企業評価マトリクス:スタートアップ/中小企業
    • 企業評価と財政メトリクス
    • 競合シナリオと動向
  • 企業情報

調査対象企業

  • Rittal GmbH & Co KG (ドイツ)
  • Vertiv Group Corp. (米国)
  • Green Revolution Cooling Inc. (GRC) (米国)
  • Submer (スペイン)
  • Schneider Electric (フランス)
  • LiquidStack Holding BV (米国)
  • Iceotope Precision Liquid Cooling (英国)
  • COOLIT SYSTEMS (カナダ)
  • DUG Technology (オーストラリア)
  • DCX Liquid Cooling Systems (ポーランド)
  • Delta Power Solutions (台湾)
  • Wiwynn (台湾)
  • LiquidCool Solutions, Inc. (米国)
  • Midas Immersion Cooling (米国)
  • BOYD (米国)
  • Kaori Heat Treatment Co, Ltd (台湾)
  • Chilldyne, Inc. (米国)
  • Asperitas (オランダ)
  • Zutacore, Inc. (米国)
  • Flex Ltd (米国)
  • Asetek (デンマーク)
  • STULZ GMBH (ドイツ)

Report Overview

The global data center liquid cooling market will rise from USD 2.84 billion in 2025 to USD 21.14 billion by 2032 at a CAGR of 33.2% from 2025 to 2032.

The liquid cooling market for data centers is increasing owing to increased power densities of high-performance computing devices such as GPUs and CPUs, requiring efficient cooling mechanisms. Liquid solutions such as direct-to-chip and immersion cooling are being adopted increasingly to deal with high-density data center problems better than conventional air cooling. The growth in edge computing and IoT further stimulates demand for compact and efficient cooling solutions. There is also significant emphasis placed on minimizing energy and water consumption, preferring liquid cooling due to its sustainability advantages. Government support and rising data center investments around the world are also driving faster adoption of newer cooling technologies to boost efficiency and cut operational expenses.

データセンター液体冷却市場 - 2032年までの世界予測
data-center-liquid-cooling-market-Overview

“The services sector within the components category is projected to witness the fastest compound annual growth rate (CAGR) from 2025 to 2032.”

The services by component segment in the data center liquid cooling market is anticipated to witness the highest CAGR of 35.7% due to the increasing complexity of liquid cooling systems, which require specialized installation and maintenance. As organizations proceed to embrace enhanced cooling systems, consulting services with the capacity to enhance performance and energy efficiency are in great demand. Edge computing also demands that cooling requirements be addressed through expert support. In addition, ongoing maintenance and development are critical for upholding compliance and sustainability with future regulations in this dimension’s evolution.

“The small and mid-sized data center segment is expected to experience the fastest growth rate from 2025 to 2032.”

Small and midsize data centers are best poised for the largest CAGR of 35.8% in adoption of liquid cooling because of many key factors.  These data centers often are limited spatially, making liquid cooling technologies like direct-to-chip and immersion cooling more attractive because of their compact architecture and higher cooling effectiveness. Furthermore, increasing emphasis on energy efficiency and sustainability is compatible with the performance objectives of small data centers to lower energy expenditures.  Increasing adoption of edge computing and IoT applications requires innovative cooling solutions, thus driving the use of liquid cooling technologies in this market. The combination of these factors creates small and mid-sized data centers as a critical driver of the liquid cooling market growth.

“The hyperscale data center segment within the liquid cooling market is expected to experience the fastest compound annual growth rate (CAGR) from 2025 to 2032.”

Hyperscale data centers are expected to register the best CAGR of 33.8% with their ability to handle large amounts of data along with scalability and cost benefits. Increased demand for cloud services and big data analysis drives infrastructure investment to facilitate quick growth to meet consumer demands. Besides, advancements in energy-saving technology and state-of-the-art cooling systems make their operation more efficient, which makes them an attractive investment opportunity. As more businesses shift to the cloud, hyperscale data centers offer the flexibility and scalability needed for demanding workloads. This is further supplemented by advancements in artificial intelligence and machine learning, which consume lots of computation, making the hyperscale business model essential in modern data infrastructure.

“The liquid cooling market for data centers within the IT and Telecom sectors is anticipated to have the fastest compound annual growth rate (CAGR) from 2025 to 2032.”

This expansion is due to a myriad of influencing factors.  The rapid digital transformation in many sectors is creating a need for better data processing and storage technologies.  The increasing use of cloud computing, big data analytics, and artificial intelligence requires infrastructure capable of effectively managing increased thermal output. Furthermore, the deployment of 5G networks escalates bandwidth requirements, resulting in increased demand for data centers that employ efficient cooling techniques. The proliferation of IoT devices necessitates scalable cooling systems to support the growing quantity of linked devices. These advancements underscore the imperative for novel cooling systems that enhance energy efficiency and facilitate high-performance operations in the IT and Telecom sectors.

“The data center liquid cooling market’s cold plate liquid cooling segment is expected to experience the fastest compound annual growth rate (CAGR) between 2025 and 2032.”

The cold plate liquid cooling market is expected to register the highest CAGR of 35.0% (CAGR) in the market because of several key reasons.  Firstly, its ability to actively cool high-power chips such as CPUs and GPUs with high efficiency negates the growing heat densities found in modern data centers. Besides, innovations in cold plate technology have enhanced thermal efficiency with enhanced heat dissipation over conventional air-cooling. Growing application of high-performance computing and artificial intelligence applications necessitates enhanced cooling systems, hence expanding demand. Besides, the segment’s energy efficiency advantages resonate with global efforts to minimize environmental footprint, hence expanding attraction with data center operators looking for green cooling solutions.

データセンター液体冷却市場 - 2032年までの世界予測 region
data-center-liquid-cooling-market-Region

“North America region’s data center liquid cooling market is also anticipated to achieve the highest CAGR during the same period.”

The North America region is expected to witness the highest CAGR of 34.2% in the data center liquid cooling market due to several significant reasons.  The rapid digital revolution and the growing usage of clouds in countries like US and Canada lead to high power densities in data centers. The growth in demand for efficient cooling technologies is also driven by the growth in edge computing and IoT applications across the region.  Additionally, government policies supporting energy efficiency and sustainability ease the implementation of advanced cooling solutions.  Finally, high investments in data center infrastructure, particularly by technology giants and new players, are driving the growth in liquid cooling systems in the North America region.

The distribution of the main participants in the report is as follows:

  • By Company Type: Tier 1 – 20%, Tier 2 – 40%, and Tier 3 – 40%
  • By Job Title: C-level Executives – 10%, Directors – 70%, and Other Roles – 20%
  • By Geographic Region: North America – 45%, Asia Pacific – 25%, Europe – 20%, Middle East & Africa – 5%, and South America – 5%

Rittal GmbH & Co. KG (Germany), Vertiv Group Corp. (US), Green Revolution Cooling Inc. (GRC) (US), Submer (Spain), Schneider Electric (France), LiquidStack Holding BV (US), Iceotope Precision Liquid Cooling (UK), COOLIT SYSTEMS (Canada), DUG Technology (Australia), DCX Liquid Cooling Systems (Poland), Delta Power Solutions (Taiwan), Wiwynn (Taiwan), LiquidCool Solutions, Inc. (US), Midas Immersion Cooling (US), BOYD (US), Kaori Heat Treatment Co,. Ltd (Taiwan), Chilldyne, Inc. (US), Asperitas (Netherlands), Zutacore, Inc. (US), Flex Ltd (US), Asetek (Denmark) and STULZ GMBH (Germany) are among the key players leading the market.

データセンター液体冷却市場 - 2032年までの世界予測 ecosystem
data-center-liquid-cooling-market-Ecosystem

Research Coverage:

The study delineates, categorizes, and projects the liquid cooling market for data centers based on component, data center type, cooling method, end user, organization, and region.  It offers a summary of the primary variables affecting market growth, including drivers, constraints, opportunities, and challenges pertinent to certain industries.  It systematically profiles principal providers of data center liquid cooling solutions and offers a comprehensive analysis of their market shares and core competencies; it also observes and evaluates competitive actions, including expansion initiatives, agreements, contracts, partnerships with other entities in this sector, as well as acquisitions or divestitures undertaken by them.  The study delineates, categorizes, and projects the data center liquid cooling market according to components, data center classifications, cooling kinds, end users, enterprises, and geographical regions.  This document outlines the principal variables affecting market growth, including drivers, constraints, opportunities, and sector-specific obstacles.  Furthermore, it systematically profiles prominent entities in the data center liquid cooling solutions sector, offering comprehensive analyses of their market shares and fundamental competencies while monitoring competitive activities, including expansions, agreements, contracts, partnerships, and their acquisitions or divestitures.

Reasons to Buy the Report:

Market leaders and new entrants are expected to benefit from the report, which will provide them with close estimates of revenue figures for the forthcoming data center liquid cooling market and its segments. The report is also expected to assist stakeholders in improving their understanding of the competitive landscape in the market, obtaining insights for enhancing their business position and designing relevant go-to-market strategies. In addition, it allows them to comprehend the market’s pulse and informs them about key drivers, restraints, challenges, and opportunities.

Insights from this report include:

Analysis of key drivers (rising number of data centers and server density), restraints (high capital expenditure and maintenance), opportunities (emergence of AI, blockchain, and other advanced technologies) & challenges (lack of standardization) influencing growth in the liquid cooling solutions for the data center market.

  • Product Development/Innovation: Detailed information on emerging technologies, research & development initiatives in liquid cooling within data centers.
  • Market Development: Detailed analysis of data center liquid cooling market across different areas for analyzing lucrative markets – comprehensive details included in the report
  • Market Diversification: Detailed information about innovative offerings and regions with no market penetration. We are considering investment opportunities as well as new products and services in the context of this cooling system
  • Competitive Assessment: A thorough estimation involving how much share a particular firm has got, its strategies for increasing its size over time, and the range of products it sells, including Rittal GmbH & Co KG (Germany), Vertiv Group Corp. (US), Green Revolution Cooling Inc. (GRC) (US), Submer (Spain), Schneider Electric (France), LiquidStack Holding BV (US), Iceotope Precision Liquid Cooling (UK), COOLIT SYSTEMS (Canada), DUG Technology (Australia), DCX Liquid Cooling Systems (Poland), Delta Power Solutions (Taiwan), Wiwynn (Taiwan), LiquidCool Solutions, Inc. (US), Midas Immersion Cooling (US), BOYD (US), Kaori Heat Treatment Co, Ltd (Taiwan), Chilldyne, Inc. (US), Asperitas (Netherlands), Zutacore, Inc. (US), Flex Ltd (US), Asetek (Denmark) and STULZ GMBH (Germany) are the key players in the data center liquid cooling market.

Table of Contents

1              INTRODUCTION       30

1.1           STUDY OBJECTIVES 30

1.2           MARKET DEFINITION               30

1.3           STUDY SCOPE          31

1.3.1        MARKETS COVERED AND REGIONAL SCOPE          31

1.3.2        INCLUSIONS AND EXCLUSIONS               32

1.3.3        YEARS CONSIDERED               33

1.3.4        CURRENCY CONSIDERED        33

1.4           LIMITATIONS            33

1.5           STAKEHOLDERS      34

1.6           SUMMARY OF CHANGES         34

2              RESEARCH METHODOLOGY    35

2.1           RESEARCH DATA     35

2.1.1        SECONDARY DATA  36

2.1.1.1    List of key secondary sources 36

2.1.1.2    Key data from secondary sources           36

2.1.2        PRIMARY DATA        37

2.1.2.1    Key data from primary sources                37

2.1.2.2    Key industry insights               38

2.1.2.3    List of primary participants     38

2.1.2.4    Breakdown of primaries          39

2.2           MARKET SIZE ESTIMATION     39

2.2.1        BOTTOM-UP APPROACH          40

2.2.2        TOP-DOWN APPROACH            40

2.3           DEMAND-SIDE ANALYSIS         41

2.4           SUPPLY-SIDE ANALYSIS           42

2.4.1        CALCULATIONS FOR SUPPLY-SIDE ANALYSIS          42

2.5           GROWTH FORECAST                42

2.6           DATA TRIANGULATION             43

2.7           RESEARCH ASSUMPTIONS      44

2.8           RESEARCH LIMITATIONS         44

2.9           RISK ASSESSMENT 44

2.10         FACTOR ANALYSIS   45

3              EXECUTIVE SUMMARY             46

4              PREMIUM INSIGHTS                52

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN DATA CENTER LIQUID COOLING MARKET  52

4.2           DATA CENTER LIQUID COOLING MARKET, BY REGION            52

4.3           NORTH AMERICAN DATA CENTER LIQUID COOLING MARKET, BY COMPONENT AND COUNTRY              53

4.4           DATA CENTER LIQUID COOLING MARKET, BY KEY COUNTRY 53

5              MARKET OVERVIEW 54

5.1           INTRODUCTION       54

5.2           MARKET DYNAMICS                 55

5.2.1        DRIVERS  55

5.2.1.1    Increasing number of data centers and server density           55

5.2.1.2    Growing need for energy-efficient cooling solutions                56

5.2.1.3    Rising demand for compact and noise-free solutions             58

5.2.1.4    Surging need for better overclocking potential       59

5.2.1.5    Increasing requirement for eco-friendly data center cooling solutions                 59

5.2.2        RESTRAINTS            59

5.2.2.1    High capital expenditure and maintenance requirements      59

5.2.2.2    Slow recognition from end users             60

5.2.3        OPPORTUNITIES      60

5.2.3.1    Emergence of artificial intelligence, blockchain, and other advanced technologies            60

5.2.3.2    Adoption of immersion cooling solutions in low-density data centers                 61

5.2.4        CHALLENGES           61

5.2.4.1    Lack of standardization          61

5.2.4.2    High investments in existing data center infrastructure         61

5.3           PORTER’S FIVE FORCES ANALYSIS          61

5.3.1        THREAT OF NEW ENTRANTS   63

5.3.2        THREAT OF SUBSTITUTES        63

5.3.3        BARGAINING POWER OF SUPPLIERS       63

5.3.4        BARGAINING POWER OF BUYERS            64

5.3.5        INTENSITY OF COMPETITIVE RIVALRY     64

5.4           KEY STAKEHOLDERS AND BUYING CRITERIA          65

5.4.1        KEY STAKEHOLDERS IN BUYING PROCESS             65

5.4.2        BUYING CRITERIA    66

5.5           VALUE CHAIN ANALYSIS          67

5.6           ECOSYSTEM ANALYSIS            68

5.7           SINGLE-PHASE VS. TWO-PHASE LIQUID COOLING: CHOOSING OPTIMAL SOLUTION FOR HIGH-PERFORMANCE DATA CENTERS            69

5.8           ENERGY SUSTAINABILITY FOR DATA CENTERS       70

5.8.1        SUSTAINABLE DATA CENTERS USING LIQUID COOLING         71

5.8.2        ISSUES IN DEVELOPING COUNTRIES      71

5.9           IMPACT OF AI/GEN AI ON DATA CENTER LIQUID COOLING MARKET                 71

5.9.1        TOP USE CASES AND MARKET POTENTIAL              72

5.9.2        BEST MARKET PRACTICES      73

5.9.3        CASE STUDIES OF AI IMPLEMENTATION IN DATA CENTER LIQUID

COOLING MARKET  73

5.9.4        READINESS OF COMPANIES TO ADOPT GENERATIVE AI IN

DATA CENTER LIQUID COOLING MARKET                73

5.10         CASE STUDY ANALYSIS            74

5.10.1     CASE STUDY 1: ENHANCING DATA CENTER EFFICIENCY WITH

DIRECT LIQUID COOLING         74

5.10.2     CASE STUDY 2: OPTIMIZING HYPERSCALE DATA CENTER EFFICIENCY WITH TWO-PHASE IMMERSION COOLING (2-PIC)    74

5.11         KEY CONFERENCES AND EVENTS, 2025–2026    75

5.12         REGULATORY LANDSCAPE      76

5.12.1     REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS      76

5.12.2     US            78

5.12.3     EUROPE   79

5.12.4     CHINA      80

5.12.5     JAPAN      80

5.12.6     INDIA       80

5.12.7     SINGAPORE              81

5.12.8     OPEN COMPUTE PROJECT (OCP): A STANDARD FOR DATA CENTER BUILDINGS               82

5.13         TECHNOLOGY ANALYSIS          82

5.13.1     KEY TECHNOLOGIES                82

5.13.1.1  Direct-to-liquid cooling in high-density data centers                82

5.13.1.2  Immersion cooling   83

5.13.2     ADJACENT TECHNOLOGIES     83

5.13.2.1  Microchannel liquid cooling    83

5.13.2.2  Microconvective liquid cooling                 84

5.14         PATENT ANALYSIS   84

5.14.1     METHODOLOGY       84

5.15         INVESTMENT AND FUNDING SCENARIO 87

5.16         TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS                 87

5.17         GLOBAL MACROECONOMIC OUTLOOK   88

5.17.1     GDP TRENDS           88

6              DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE                 91

6.1           INTRODUCTION       92

6.2           SMALL & MID-SIZED DATA CENTERS      93

6.2.1        GROWING NEED FOR INDIRECT LIQUID COOLING SOLUTIONS TO DRIVE MARKET  93

6.3           LARGE DATA CENTERS            94

6.3.1        INCREASING REQUIREMENT FOR DIRECT LIQUID COOLING IN LARGE DATA CENTERS TO DRIVE MARKET         94

7              DATA CENTER LIQUID COOLING MARKET, BY COOLING TYPE 96

7.1           INTRODUCTION       97

7.2           COLD PLATE LIQUID COOLING 98

7.2.1        INCREASING HIGH-DENSITY DATA CENTER INSTALLATIONS TO DRIVE DEMAND 98

7.3           IMMERSION LIQUID COOLING 99

7.3.1        ABILITY TO LOWER POWER CONSUMPTION AND CARBON FOOTPRINT TO DRIVE MARKET  99

7.4           SPRAY LIQUID COOLING          100

7.4.1        HIGH ENERGY SAVINGS, EXCELLENT HEAT-DISSIPATION EFFICIENCY, AND SILENT OPERATION TO DRIVE DEMAND          100

8              DATA CENTER LIQUID COOLING MARKET, BY COMPONENT   102

8.1           INTRODUCTION       103

8.2           SOLUTIONS              104

8.2.1        INDIRECT LIQUID COOLING SOLUTIONS 105

8.2.1.1    Growing demand for precision cooling to drive market           105

8.2.1.1.1 Single phase            105

8.2.1.1.2 Two phase                105

8.2.2        DIRECT LIQUID COOLING SOLUTIONS     105

8.2.2.1    Increasing demand for high-density cooling to fuel market growth                 105

8.2.2.1.1 Single phase            106

8.2.2.1.2 Two phase                106

8.3           SERVICES                 106

8.3.1        DESIGN & CONSULTING          107

8.3.1.1    Rising demand for consulting services for liquid cooling systems to drive market     107

8.3.2        INSTALLATION & DEPLOYMENT               108

8.3.2.1    Integration of liquid cooling systems with traditional cooling devices to drive demand          108

8.3.3        SUPPORT & MAINTENANCE    108

8.3.3.1    Growing need for maintenance of coolants to drive market   108

9              DATA CENTER LIQUID COOLING MARKET, BY END USER        109

9.1           INTRODUCTION       110

9.2           COLOCATION PROVIDERS        111

9.2.1        HIGH USE OF COLOCATION DATA CENTERS FOR DISASTER RECOVERY TO DRIVE DEMAND 111

9.3           ENTERPRISES          112

9.3.1        RISING NEED FOR DATA MANAGEMENT AND DOWNTIME REDUCTION TO DRIVE MARKET  112

9.4           HYPERSCALE DATA CENTERS 113

9.4.1        SURGING REQUIREMENT FOR SCALABLE COOLING SOLUTIONS TO BOOST DEMAND      113

10            DATA CENTER LIQUID COOLING MARKET, BY ENTERPRISE    115

10.1         INTRODUCTION       116

10.2         BFSI         118

10.2.1     RISING FOCUS ON LOWERING ENERGY CONSUMPTION TO DRIVE DEMAND 118

10.3         IT & TELECOM         119

10.3.1     GROWING ADOPTION OF ADVANCED SERVERS TO DRIVE MARKET                 119

10.4         MEDIA & ENTERTAINMENT     120

10.4.1     INCREASING REQUIREMENT FOR SCALE-OUT SOLUTIONS TO DRIVE DEMAND 120

10.5         HEALTHCARE           121

10.5.1     RISING DEMAND FOR CUSTOMIZED DATA CENTER COOLING SOLUTIONS TO DRIVE MARKET               121

10.6         GOVERNMENT & DEFENSE     122

10.6.1     GROWING DIGITALIZATION INITIATIVES TO FUEL DEMAND     122

10.7         RETAIL     123

10.7.1     INCREASED NEED FOR ROBUST COOLING TO DRIVE DEMAND                 123

10.8         RESEARCH & ACADEMIA         124

10.8.1     ADOPTION OF HIGH-PERFORMANCE COMPUTING TO DRIVE MARKET                 124

10.9         OTHER ENTERPRISES              125

11            DATA CENTER LIQUID COOLING MARKET, BY COOLING MEDIUM                 126

11.1         INTRODUCTION       126

11.2         WATER     126

11.3         DIELECTRIC             126

11.4         REFRIGERANTS       127

12            DATA CENTER LIQUID COOLING MARKET, BY REGION            128

12.1         INTRODUCTION       129

12.2         NORTH AMERICA     130

12.2.1     US            135

12.2.1.1  Rising demand for immersion cooling solutions from cryptocurrency providers to drive market        135

12.2.2     CANADA   137

12.2.2.1  Surge in digitalization and data generation to drive demand 137

12.2.3     MEXICO   138

12.2.3.1  Increasing requirement for Cloud, Big data, and IoT to drive market                 138

12.3         ASIA PACIFIC            139

12.3.1     CHINA      145

12.3.1.1  Increasing number of colocation facilities and rising data center revenues to drive demand      145

12.3.2     SOUTH KOREA         147

12.3.2.1  Rising adoption of AI and big data technologies to fuel demand                 147

12.3.3     JAPAN      148

12.3.3.1  Increasing investments in making data centers greener and more efficient to drive adoption       148

12.3.4     INDIA       150

12.3.4.1  Rising data demand and capacity of data centers to drive adoption                 150

12.3.5     MALAYSIA                 152

12.3.5.1  Abundant availability of renewable resources and government initiatives to drive market        152

12.3.6     SINGAPORE              153

12.3.6.1  Thriving internet economy to drive demand            153

12.3.7     AUSTRALIA               155

12.3.7.1  Government-led initiatives for infrastructure development to drive adoption  155

12.3.8     REST OF ASIA PACIFIC             156

12.4         EUROPE   158

12.4.1     UK            163

12.4.1.1  Eco-design requirements set by European Parliament for servers and data storage products to drive market   163

12.4.2     GERMANY                164

12.4.2.1  Substantial investment in data centers to drive demand       164

12.4.3     FRANCE   166

12.4.3.1  Growing adoption of colocation services and overloading and heat issues in data centers to drive demand  166

12.4.4     REST OF EUROPE    167

12.5         SOUTH AMERICA     169

12.5.1     BRAZIL     173

12.5.1.1  Surge in IT spending across enterprises to fuel demand for data centers                 173

12.5.2     REST OF SOUTH AMERICA       175

12.6         MIDDLE EAST & AFRICA          176

12.6.1     SAUDI ARABIA          180

12.6.1.1  Increasing demand for rugged data center solutions to drive market                 180

12.6.2     GCC COUNTRIES      182

12.6.2.1  Digital transformation and government initiatives to drive market                 182

12.6.3     SOUTH AFRICA         183

12.6.3.1  Developed telecommunication infrastructure to drive demand                 183

12.6.4     REST OF MIDDLE EAST & AFRICA            184

13            COMPETITIVE LANDSCAPE      186

13.1         OVERVIEW                186

13.2         KEY PLAYER STRATEGIES/RIGHT TO WIN                186

13.3         REVENUE ANALYSIS                 189

13.4         MARKET SHARE ANALYSIS, 2023           189

13.4.1     RANKING OF KEY MARKET PLAYERS, 2023           190

13.5         BRAND/PRODUCT COMPARISON            193

13.6         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023           194

13.6.1     STARS      194

13.6.2     EMERGING LEADERS               194

13.6.3     PERVASIVE PLAYERS               194

13.6.4     PARTICIPANTS         194

13.6.5     COMPANY FOOTPRINT: KEY PLAYERS, 2023          196

13.6.5.1  Company footprint  196

13.6.5.2  Region footprint       197

13.6.5.3  Component footprint               198

13.6.5.4  Enterprise footprint 199

13.6.5.5  Data center type footprint       200

13.6.5.6  Type of cooling footprint          201

13.6.5.7  End user footprint   202

13.7         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023     203

13.7.1     PROGRESSIVE COMPANIES    203

13.7.2     DYNAMIC COMPANIES             203

13.7.3     RESPONSIVE COMPANIES       203

13.7.4     STARTING BLOCKS 203

13.7.5     COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2023                 205

13.7.5.1  Detailed list of key startups/SMEs          205

13.7.5.2  Competitive benchmarking of key startups/SMEs  206

13.8         COMPANY VALUATION AND FINANCIAL METRICS   206

13.9         COMPETITIVE SCENARIOS AND TRENDS 208

13.9.1     PRODUCT LAUNCHES              208

13.9.2     DEALS      209

13.9.3     OTHER DEVELOPMENTS          211

13.9.4     EXPANSIONS            212

14            COMPANY PROFILES                213

14.1         KEY PLAYERS           213

14.1.1     VERTIV GROUP CORP.              213

14.1.1.1  Business overview   213

14.1.1.2  Products/Solutions/Services offered      214

14.1.1.3  Recent developments              215

14.1.1.3.1               Product launches    215

14.1.1.3.2               Deals       216

14.1.1.4  MnM view                 217

14.1.1.4.1               Key strengths/Right to win      217

14.1.1.4.2               Strategic choices     217

14.1.1.4.3               Weaknesses/Competitive threats           217

14.1.2     GREEN REVOLUTION COOLING, INC.       218

14.1.2.1  Business overview   218

14.1.2.2  Products/Solutions/Services offered      218

14.1.2.3  Recent developments              220

14.1.2.3.1               Product launches    220

14.1.2.3.2               Deals       220

14.1.2.4  MnM view                 221

14.1.2.4.1               Key strengths/Right to win      221

14.1.2.4.2               Strategic choices     221

14.1.2.4.3               Weaknesses/Competitive threats           221

14.1.3     SUBMER  222

14.1.3.1  Business overview   222

14.1.3.2  Products/Solutions/Services offered      222

14.1.3.3  Recent developments              223

14.1.3.3.1               Product launches    223

14.1.3.3.2               Deals       223

14.1.3.3.3               Expansions              226

14.1.3.3.4               Other developments                227

14.1.3.4  MnM view                 227

14.1.3.4.1               Key strengths/Right to win      227

14.1.3.4.2               Strategic choices     227

14.1.3.4.3               Weaknesses/Competitive threats           228

14.1.4     ASPERITAS               229

14.1.4.1  Business overview   229

14.1.4.2  Products/Solutions/Services offered      229

14.1.4.3  Recent developments              230

14.1.4.3.1               Product launches    230

14.1.4.3.2               Deals       231

14.1.4.3.3               Expansions              232

14.1.4.4  MnM view                 232

14.1.4.4.1               Key strengths/Right to win      232

14.1.4.4.2               Strategic choices     233

14.1.4.4.3               Weaknesses/Competitive threats           233

14.1.5     COOLIT SYSTEMS    234

14.1.5.1  Business overview   234

14.1.5.2  Products/Solutions/Services offered      234

14.1.5.3  Recent developments              235

14.1.5.3.1               Product launches    235

14.1.5.3.2               Deals       236

14.1.5.3.3               Expansions              237

14.1.5.4  MnM view                 238

14.1.5.4.1               Key strengths/Right to win      238

14.1.5.4.2               Strategic choices     238

14.1.5.4.3               Weaknesses/Competitive threats           238

14.1.6     DCX LIQUID COOLING SYSTEMS              239

14.1.6.1  Business overview   239

14.1.6.2  Products/Solutions/Services offered      239

14.1.6.3  Recent developments              241

14.1.6.3.1               Product launches    241

14.1.6.3.2               Others      241

14.1.7     ICEOTOPE PRECISION LIQUID COOLING 242

14.1.7.1  Business overview   242

14.1.7.2  Products/Solutions/Services offered      242

14.1.7.3  Recent developments              243

14.1.7.3.1               Product launches    243

14.1.7.3.2               Deals       244

14.1.8     SCHNEIDER ELECTRIC             246

14.1.8.1  Business overview   246

14.1.8.2  Products/Solutions/Services offered      248

14.1.8.3  Recent developments              248

14.1.8.3.1               Product launches    248

14.1.8.3.2               Deals       249

14.1.8.4  MnM view                 250

14.1.8.4.1               Key strengths/Right to win      250

14.1.8.4.2               Strategic choices     250

14.1.8.4.3               Weaknesses/Competitive threats           250

14.1.9     RITTAL GMBH & CO. KG          251

14.1.9.1  Business overview   251

14.1.9.2  Products/Solutions/Services offered      251

14.1.9.3  Recent developments              252

14.1.9.3.1               Deals       252

14.1.9.3.2               Product launches    252

14.1.10   MIDAS IMMERSION COOLING 253

14.1.10.1                Business overview   253

14.1.10.2                Products/Solutions/Services offered      253

14.1.10.3                Recent developments              254

14.1.10.3.1             Deals       254

14.1.11   LIQUIDSTACK HOLDING B.V.   255

14.1.11.1                Business overview   255

14.1.11.2                Products/Solutions/Services offered      255

14.1.11.3                Recent developments              256

14.1.11.3.1             Deals       256

14.1.11.3.2             Other developments                256

14.1.12   CHILLDYNE, INC.     257

14.1.12.1                Business overview   257

14.1.12.2                Products/Solutions/Services offered      257

14.1.12.3                Recent developments              258

14.1.12.3.1             Deals       258

14.1.13   DUG TECHNOLOGY 259

14.1.13.1                Business overview   259

14.1.13.2                Products/Solutions/Services offered      261

14.1.13.3                Recent developments              262

14.1.13.3.1             Deals       262

14.1.14   LIQUIDCOOL SOLUTIONS         264

14.1.14.1                Business overview   264

14.1.14.2                Products/Solutions/Services offered      264

14.1.14.3                Recent developments              265

14.1.14.3.1             Deals       265

14.1.15   STULZ GMBH           266

14.1.15.1                Business overview   266

14.1.15.2                Products/Solutions/Services offered      266

14.1.15.3                Recent developments              267

14.1.15.3.1             Product launches    267

14.1.16   DELTA POWER SOLUTIONS     268

14.1.16.1                Business overview   268

14.1.16.2                Products/Solutions/Services offered      269

14.1.16.3                Recent developments              270

14.1.16.3.1             Deals       270

14.1.17   MODINE MANUFACTURING COMPANY    271

14.1.17.1                Business overview   271

14.1.17.2                Products/Solutions/Services offered      273

14.1.17.3                Recent developments              273

14.1.17.3.1             Product launches    273

14.1.17.3.2             Deals       274

14.1.17.3.3             Expansions              274

14.1.18   ZUTACORE, INC.       276

14.1.18.1                Business overview   276

14.1.18.2                Products/Solutions/Services offered      276

14.1.18.3                Recent developments              277

14.1.18.3.1             Product launches    277

14.1.18.3.2             Deals       277

14.1.19   WIWYNN CORPORATION          279

14.1.19.1                Business overview   279

14.1.19.2                Products/Solutions/Services offered      279

14.1.20   BOYD       280

14.1.20.1                Business overview   280

14.1.20.2                Products offered      280

14.1.21   KAORI HEAT TREATMENT CO., LTD.         281

14.1.21.1                Business overview   281

14.1.21.2                Products/Solutions/Services offered      282

14.1.22   ASETEK   283

14.1.22.1                Business overview   283

14.1.22.2                Products/Solutions/Services offered      284

14.1.23   FLEX LTD. 285

14.1.23.1                Business overview   285

14.1.23.2                Products/Solutions/Services offered      286

14.1.23.2.1             Deals       287

14.2         OTHER PLAYERS      288

14.2.1     TEIMMERS               288

14.2.2     KOOLANCE, INC.      289

14.2.3     GIGA-BYTE TECHNOLOGY CO., LTD.         290

14.2.4     PEZY COMPUTING   290

14.2.5     TAS          291

14.2.6     ACCELSIUS LLC       291

14.2.7     OPTICOOL TECHNOLOGIES     292

14.2.8     SEGUENTE INC.       293

15            ADJACENT AND RELATED MARKETS       294

15.1         INTRODUCTION       294

15.2         LIMITATIONS            294

15.3         DATA CENTER LIQUID COOLING MARKET INTERCONNECTED MARKET                 294

15.4         DATA CENTER COOLING MARKET: GLOBAL FORECAST TO 2030                 294

15.4.1     MARKET DEFINITION               294

15.4.2     MARKET OVERVIEW 294

15.4.2.1  Solution   296

15.4.2.2  Services   296

15.5         IMMERSION COOLING MARKET: GLOBAL FORECAST TO 2031                 297

15.5.1     MARKET DEFINITION               297

15.5.2     MARKET OVERVIEW 297

15.5.2.1  Single-phase immersion cooling              299

15.5.2.2  Two-phase immersion cooling 299

16            APPENDIX                 301

16.1         DISCUSSION GUIDE 301

16.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                 304

16.3         CUSTOMIZATION OPTIONS      306

16.4         RELATED REPORTS 306

16.5         AUTHOR DETAILS    307

LIST OF TABLES

TABLE 1   DATA CENTER LIQUID COOLING MARKET: INCLUSIONS AND EXCLUSIONS            32

TABLE 2   DATA CENTER LIQUID COOLING MARKET SNAPSHOT, 2025 AND 2032                 47

TABLE 3   POWER USAGE BY AIR-COOLED VS. LIQUID-COOLED DATA CENTERS WITH

1 MW OF TECHNICAL LOAD     58

TABLE 4   DATA CENTER LIQUID COOLING MARKET: PORTER’S FIVE FORCES ANALYSIS 62

TABLE 5   INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)            65

TABLE 6   KEY BUYING CRITERIA, BY END USER     66

TABLE 7   ROLES OF COMPANIES IN DATA CENTER LIQUID COOLING ECOSYSTEM                 69

TABLE 8   COMPARATIVE ANALYSIS OF DATA CENTER COOLING TECHNOLOGIES                 70

TABLE 9   DATA CENTER LIQUID COOLING MARKET:

TOP USE CASES AND MARKET POTENTIAL              72

TABLE 10 DATA CENTER LIQUID COOLING MARKET: BEST PRACTICES  73

TABLE 11 DATA CENTER LIQUID COOLING MARKET: CASE STUDIES OF GEN AI IMPLEMENTATION   73

TABLE 12 DATA CENTER COOLING LIQUID MARKET:

LIST OF CONFERENCES AND EVENTS, 2025–2026               75

TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 76

TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 77

TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 77

TABLE 16 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 78

TABLE 17 MAJOR PATENTS RELATED TO DATA CENTER LIQUID COOLING SOLUTIONS              85

TABLE 18 REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE), BY COUNTRY, 2021–2024            89

TABLE 19 UNEMPLOYMENT RATE, BY COUNTRY, 2021–2024              89

TABLE 20 INFLATION RATE (AVERAGE CONSUMER PRICES), BY COUNTRY, 2021–2024       90

TABLE 21 FOREIGN DIRECT INVESTMENT, 2022–2023        90

TABLE 22 DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2020–2024 (USD MILLION)   92

TABLE 23 DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2025–2032 (USD MILLION)   93

TABLE 24 SMALL & MID-SIZED DATA CENTERS: DATA CENTER LIQUID COOLING MARKET,

BY REGION, 2020–2024 (USD MILLION)                93

TABLE 25 SMALL & MID-SIZED DATA CENTERS: DATA CENTER LIQUID COOLING MARKET,

BY REGION, 2025–2032 (USD MILLION)                94

TABLE 26 LARGE DATA CENTERS: DATA CENTER LIQUID COOLING MARKET, BY REGION, 2020–2024 (USD MILLION)     95

TABLE 27 LARGE DATA CENTERS: DATA CENTER LIQUID COOLING MARKET, BY REGION, 2025–2032 (USD MILLION)     95

TABLE 28 DATA CENTER LIQUID COOLING MARKET, BY COOLING TYPE,

2020–2024 (USD MILLION)   97

TABLE 29 DATA CENTER LIQUID COOLING MARKET, BY COOLING TYPE,

2025–2032 (USD MILLION)   97

TABLE 30 COLD PLATE LIQUID COOLING: DATA CENTER LIQUID COOLING MARKET,

BY REGION, 2020–2024 (USD MILLION)                98

TABLE 31 COLD PLATE LIQUID COOLING: DATA CENTER LIQUID COOLING MARKET,

BY REGION, 2025–2032 (USD MILLION)                98

TABLE 32 IMMERSION LIQUID COOLING: DATA CENTER LIQUID COOLING MARKET,

BY REGION, 2020–2024 (USD MILLION)                99

TABLE 33 IMMERSION LIQUID COOLING: DATA CENTER LIQUID COOLING MARKET,

BY REGION, 2025–2032 (USD MILLION)                99

TABLE 34 DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   103

TABLE 35 DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   104

TABLE 36 SOLUTIONS: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2020–2024 (USD MILLION)   104

TABLE 37 SOLUTIONS: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2025–2032 (USD MILLION)   105

TABLE 38 SERVICES: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2020–2024 (USD MILLION)   107

TABLE 39 SERVICES: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2025–2032 (USD MILLION)   107

TABLE 40 DATA CENTER LIQUID COOLING MARKET, BY END USER,

2020–2024 (USD MILLION)   110

TABLE 41 DATA CENTER LIQUID COOLING MARKET, BY END USER,

2025–2032 (USD MILLION)   111

TABLE 42 COLOCATION PROVIDERS: DATA CENTER LIQUID COOLING MARKET,

BY REGION, 2020–2024 (USD MILLION)                111

TABLE 43 COLOCATION PROVIDERS: DATA CENTER LIQUID COOLING MARKET,

BY REGION, 2025–2032 (USD MILLION)                112

TABLE 44 ENTERPRISES: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2020–2024 (USD MILLION)   112

TABLE 45 ENTERPRISES: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2025–2032 (USD MILLION)   113

TABLE 46 HYPERSCALE DATA CENTERS: DATA CENTER LIQUID COOLING MARKET,

BY REGION, 2020–2024 (USD MILLION)                113

TABLE 47 HYPERSCALE DATA CENTERS: DATA CENTER LIQUID COOLING MARKET,

BY REGION, 2025–2032 (USD MILLION)                114

TABLE 48 DATA CENTER LIQUID COOLING MARKET, BY ENTERPRISE,

2020–2024 (USD MILLION)   117

TABLE 49 DATA CENTER LIQUID COOLING MARKET, BY ENTERPRISE,

2025–2032 (USD MILLION)   117

TABLE 50 BFSI: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2020–2024 (USD MILLION)   118

TABLE 51 BFSI: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2025–2032 (USD MILLION)   118

TABLE 52 IT & TELECOM: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2020–2024 (USD MILLION)   119

TABLE 53 IT & TELECOM: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2025–2032 (USD MILLION)   119

TABLE 54 MEDIA & ENTERTAINMENT: DATA CENTER LIQUID COOLING MARKET, BY REGION, 2020–2024 (USD MILLION)                120

TABLE 55 MEDIA & ENTERTAINMENT: DATA CENTER LIQUID COOLING MARKET, BY REGION, 2025–2032 (USD MILLION)                120

TABLE 56 HEALTHCARE: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2020–2024 (USD MILLION)   121

TABLE 57 HEALTHCARE: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2025–2032 (USD MILLION)   121

TABLE 58 GOVERNMENT & DEFENSE: DATA CENTER LIQUID COOLING MARKET,

BY REGION, 2020–2024 (USD MILLION)                122

TABLE 59 GOVERNMENT & DEFENSE: DATA CENTER LIQUID COOLING MARKET,

BY REGION, 2025–2032 (USD MILLION)                122

TABLE 60 RETAIL: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2020–2024 (USD MILLION)   123

TABLE 61 RETAIL: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2025–2032 (USD MILLION)   123

TABLE 62 RESEARCH & ACADEMIA: DATA CENTER LIQUID COOLING MARKET, BY REGION, 2020–2024 (USD MILLION)     124

TABLE 63 RESEARCH & ACADEMIA: DATA CENTER LIQUID COOLING MARKET, BY REGION, 2025–2032 (USD MILLION)     124

TABLE 64 OTHERS: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2020–2024 (USD MILLION)   125

TABLE 65 OTHERS: DATA CENTER LIQUID COOLING MARKET, BY REGION,

2025–2032 (USD MILLION)   125

TABLE 66 DATA CENTER LIQUID COOLING MARKET, BY REGION, 2020–2024 (USD MILLION)         129

TABLE 67 DATA CENTER LIQUID COOLING MARKET, BY REGION, 2025–2032 (USD MILLION)         130

TABLE 68 NORTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY COUNTRY,

2020–2024 (USD MILLION)   131

TABLE 69 NORTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY COUNTRY,

2025–2032 (USD MILLION)   132

TABLE 70 NORTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT, 2020–2024 (USD MILLION)             132

TABLE 71 NORTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT, 2025–2032 (USD MILLION)             132

TABLE 72 NORTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2020–2024 (USD MILLION)            133

TABLE 73 NORTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2025–2032 (USD MILLION)            133

TABLE 74 NORTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY END USER,

2020–2024 (USD MILLION)   133

TABLE 75 NORTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY END USER,

2025–2032 (USD MILLION)   133

TABLE 76 NORTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY ENTERPRISE, 2020–2024 (USD MILLION)             134

TABLE 77 NORTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY ENTERPRISE, 2025–2032 (USD MILLION)             134

TABLE 78 NORTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER COOLING TYPE, 2020–2024 (USD MILLION)            135

TABLE 79 NORTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER COOLING TYPE, 2025–2032 (USD MILLION)            135

TABLE 80 US: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   136

TABLE 81 US: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   136

TABLE 82 US: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2020–2024 (USD MILLION)   136

TABLE 83 US: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2025–2032 (USD MILLION)   136

TABLE 84 CANADA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   137

TABLE 85 CANADA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   137

TABLE 86 CANADA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2020–2024 (USD MILLION)   138

TABLE 87 CANADA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2025–2032 (USD MILLION)   138

TABLE 88 MEXICO: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   138

TABLE 89 MEXICO: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   139

TABLE 90 MEXICO: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2020–2024 (USD MILLION)   139

TABLE 91 MEXICO: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2025–2032 (USD MILLION)   139

TABLE 92 ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY COUNTRY,

2020–2024 (USD MILLION)   141

TABLE 93 ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY COUNTRY,

2025–2032 (USD MILLION)   141

TABLE 94 ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   142

TABLE 95 ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   142

TABLE 96 ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2020–2024 (USD MILLION)            142

TABLE 97 ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2025–2032 (USD MILLION)            142

TABLE 98 ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY END USER,

2020–2024 (USD MILLION)   143

TABLE 99 ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY END USER,

2025–2032 (USD MILLION)   143

TABLE 100               ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY ENTERPRISE,

2020–2024 (USD MILLION)   143

TABLE 101               ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY ENTERPRISE,

2025–2032 (USD MILLION)   144

TABLE 102               ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER COOLING TYPE, 2020–2024 (USD MILLION)  144

TABLE 103               ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER COOLING TYPE, 2025–2032 (USD MILLION)  144

TABLE 104               CHINA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   146

TABLE 105               CHINA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   146

TABLE 106               CHINA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2020–2024 (USD MILLION)   146

TABLE 107               CHINA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2025–2032 (USD MILLION)   146

TABLE 108               SOUTH KOREA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   147

TABLE 109               SOUTH KOREA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   148

TABLE 110               SOUTH KOREA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2020–2024 (USD MILLION)  148

TABLE 111               SOUTH KOREA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2025–2032 (USD MILLION)  148

TABLE 112               JAPAN: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION) 149

TABLE 113               JAPAN: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   149

TABLE 114               JAPAN: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2020–2024 (USD MILLION)   149

TABLE 115               JAPAN: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2025–2032 (USD MILLION)   150

TABLE 116               INDIA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   151

TABLE 117               INDIA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   151

TABLE 118               INDIA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2020–2024 (USD MILLION)   151

TABLE 119               INDIA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2025–2032 (USD MILLION)   151

TABLE 120               MALAYSIA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   152

TABLE 121               MALAYSIA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   153

TABLE 122               MALAYSIA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2020–2024 (USD MILLION)            153

TABLE 123               MALAYSIA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2025–2032 (USD MILLION)            153

TABLE 124               SINGAPORE: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   154

TABLE 125               SINGAPORE: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   154

TABLE 126               SINGAPORE: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2020–2024 (USD MILLION)  154

TABLE 127               SINGAPORE: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2025–2032 (USD MILLION)  155

TABLE 128               AUSTRALIA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   155

TABLE 129               AUSTRALIA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   155

TABLE 130               AUSTRALIA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2020–2024 (USD MILLION)  156

TABLE 131               AUSTRALIA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2025–2032 (USD MILLION)  156

TABLE 132               REST OF ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT, 2020–2024 (USD MILLION)        156

TABLE 133               REST OF ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT, 2025–2032 (USD MILLION)        157

TABLE 134               REST OF ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2020–2024 (USD MILLION)              157

TABLE 135               REST OF ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2025–2032 (USD MILLION)              157

TABLE 136               EUROPE: DATA CENTER LIQUID COOLING MARKET, BY COUNTRY,

2020–2024 (USD MILLION)   159

TABLE 137               EUROPE: DATA CENTER LIQUID COOLING MARKET, BY COUNTRY,

2025–2032 (USD MILLION)   159

TABLE 138               EUROPE: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   159

TABLE 139               EUROPE: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   159

TABLE 140               EUROPE: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2020–2024 (USD MILLION)   160

TABLE 141               EUROPE: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2025–2032 (USD MILLION)   160

TABLE 142               EUROPE: DATA CENTER LIQUID COOLING MARKET, BY END USER,

2020–2024 (USD MILLION)   160

TABLE 143               EUROPE: DATA CENTER LIQUID COOLING MARKET, BY END USER,

2025–2032 (USD MILLION)   161

TABLE 144               EUROPE: DATA CENTER LIQUID COOLING MARKET, BY ENTERPRISE,

2020–2024 (USD MILLION)   161

TABLE 145               EUROPE: DATA CENTER LIQUID COOLING MARKET, BY ENTERPRISE,

2025–2032 (USD MILLION)   162

TABLE 146               EUROPE: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER COOLING TYPE, 2020–2024 (USD MILLION)            162

TABLE 147               EUROPE: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER COOLING TYPE, 2025–2032 (USD MILLION)            162

TABLE 148               UK: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   163

TABLE 149               UK: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   163

TABLE 150               UK: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2020–2024 (USD MILLION)   164

TABLE 151               UK: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2025–2032 (USD MILLION)   164

TABLE 152               GERMANY: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   165

TABLE 153               GERMANY: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   165

TABLE 154               GERMANY: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2020–2024 (USD MILLION)            165

TABLE 155               GERMANY: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2025–2032 (USD MILLION)            165

TABLE 156               FRANCE: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   166

TABLE 157               FRANCE: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   166

TABLE 158               FRANCE: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2020–2024 (USD MILLION)   167

TABLE 159               FRANCE: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2025–2032 (USD MILLION)   167

TABLE 160               REST OF EUROPE: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT, 2020–2024 (USD MILLION)       168

TABLE 161               REST OF EUROPE: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT, 2025–2032 (USD MILLION)       168

TABLE 162               REST OF EUROPE: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2020–2024 (USD MILLION)             169

TABLE 163               REST OF EUROPE: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2025–2032 (USD MILLION)             169

TABLE 164               SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY COUNTRY,

2020–2024 (USD MILLION)   169

TABLE 165               SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY COUNTRY,

2025–2032 (USD MILLION)   170

TABLE 166               SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT, 2020–2024 (USD MILLION)       170

TABLE 167               SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT, 2025–2032 (USD MILLION)       170

TABLE 168               SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2020–2024 (USD MILLION)             170

TABLE 169               SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2025–2032 (USD MILLION)             171

TABLE 170               SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY END USER,

2020–2024 (USD MILLION)   171

TABLE 171               SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY END USER,

2025–2032 (USD MILLION)   171

TABLE 172               SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY ENTERPRISE, 2020–2024 (USD MILLION)        172

TABLE 173               SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY ENTERPRISE, 2025–2032 (USD MILLION)        172

TABLE 174               SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER COOLING TYPE, 2020–2024 (USD MILLION)              173

TABLE 175               SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER COOLING TYPE, 2025–2032 (USD MILLION)              173

TABLE 176               BRAZIL: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   174

TABLE 177               BRAZIL: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   174

TABLE 178               BRAZIL: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2020–2024 (USD MILLION)   174

TABLE 179               BRAZIL: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE,

2025–2032 (USD MILLION)   174

TABLE 180               REST OF SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT, 2020–2024 (USD MILLION)        175

TABLE 181               REST OF SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT, 2025–2032 (USD MILLION)        175

TABLE 182               REST OF SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2020–2024 (USD MILLION)              175

TABLE 183               REST OF SOUTH AMERICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2025–2032 (USD MILLION)              176

TABLE 184               MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET, BY COUNTRY, 2020–2024 (USD MILLION)             176

TABLE 185               MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET, BY COUNTRY, 2025–2032 (USD MILLION)             177

TABLE 186               MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET,

BY COMPONENT, 2020–2024 (USD MILLION)     177

TABLE 187               MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET,

BY COMPONENT, 2025–2032 (USD MILLION)       177

TABLE 188               MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2020–2024 (USD MILLION)              178

TABLE 189               MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2025–2032 (USD MILLION)              178

TABLE 190               MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET, BY END USER, 2020–2024 (USD MILLION)            178

TABLE 191               MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET, BY END USER, 2025–2032 (USD MILLION)            178

TABLE 192               MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET, BY ENTERPRISE, 2020–2024 (USD MILLION)        179

TABLE 193               MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET, BY ENTERPRISE, 2025–2032 (USD MILLION)        179

TABLE 194               MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER COOLING TYPE, 2020–2024 (USD MILLION)                 180

TABLE 195               MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER COOLING TYPE, 2025–2032 (USD MILLION)                 180

TABLE 196               SAUDI ARABIA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   181

TABLE 197               SAUDI ARABIA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   181

TABLE 198               SAUDI ARABIA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2020–2024 (USD MILLION)  181

TABLE 199               SAUDI ARABIA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2025–2032 (USD MILLION)  181

TABLE 200               GCC COUNTRIES: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT, 2020–2024 (USD MILLION)       182

TABLE 201               GCC COUNTRIES: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT, 2025–2032 (USD MILLION)       182

TABLE 202               GCC COUNTRIES: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2020–2024 (USD MILLION)             182

TABLE 203               GCC COUNTRIES: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2025–2032 (USD MILLION)             183

TABLE 204               SOUTH AFRICA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2020–2024 (USD MILLION)   183

TABLE 205               SOUTH AFRICA: DATA CENTER LIQUID COOLING MARKET, BY COMPONENT,

2025–2032 (USD MILLION)   184

TABLE 206               SOUTH AFRICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2020–2024 (USD MILLION)  184

TABLE 207               SOUTH AFRICA: DATA CENTER LIQUID COOLING MARKET, BY DATA CENTER TYPE, 2025–2032 (USD MILLION)  184

TABLE 208               REST OF MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET,

BY COMPONENT, 2020–2024 (USD MILLION)       185

TABLE 209               REST OF MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET,

BY COMPONENT, 2025–2032 (USD MILLION)       185

TABLE 210               REST OF MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET,

BY DATA CENTER TYPE, 2020–2024 (USD MILLION)             185

TABLE 211               REST OF MIDDLE EAST & AFRICA: DATA CENTER LIQUID COOLING MARKET,

BY DATA CENTER TYPE, 2025–2032 (USD MILLION)             185

TABLE 212               DATA CENTER LIQUID COOLING MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS     186

TABLE 213               DATA CENTER LIQUID COOLING MARKET: DEGREE OF COMPETITION          190

TABLE 214               DATA CENTER LIQUID COOLING MARKET: REGION FOOTPRINT              197

TABLE 215               DATA CENTER LIQUID COOLING MARKET: COMPONENT FOOTPRINT              198

TABLE 216               DATA CENTER LIQUID COOLING MARKET: ENTERPRISE FOOTPRINT              199

TABLE 217               DATA CENTER LIQUID COOLING MARKET: DATA CENTER TYPE FOOTPRINT              200

TABLE 218               DATA CENTER LIQUID COOLING MARKET: TYPE OF COOLING FOOTPRINT              201

TABLE 219               DATA CENTER LIQUID COOLING MARKET: END USER FOOTPRINT              202

TABLE 220               DATA CENTER LIQUID COOLING: DETAILED LIST OF KEY STARTUPS/SMES    205

TABLE 221               DATA CENTER LIQUID COOLING MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES        206

TABLE 222               DATA CENTER LIQUID COOLING MARKET: PRODUCT LAUNCHES,

FEBRUARY 2019–JUNE 2024 208

TABLE 223               DATA CENTER LIQUID COOLING MARKET: DEALS, FEBRUARY 2019–JUNE 2024   209

TABLE 224               DATA CENTER LIQUID COOLING MARKET: OTHER DEVELOPMENTS,

FEBRUARY 2019–JUNE 2024 211

TABLE 225               DATA CENTER LIQUID COOLING MARKET: EXPANSIONS,

FEBRUARY 2019–JUNE 2024 212

TABLE 226               VERTIV GROUP CORP.: COMPANY OVERVIEW         213

TABLE 227               VERTIV GROUP CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 214

TABLE 228               VERTIV GROUP CORP.: PRODUCT LAUNCHES         215

TABLE 229               VERTIV GROUP CORP.: DEALS 216

TABLE 230               GREEN REVOLUTION COOLING, INC.: COMPANY OVERVIEW                 218

TABLE 231               GREEN REVOLUTION COOLING, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED        218

TABLE 232               GREEN REVOLUTION COOLING, INC.: PRODUCT LAUNCHES                 220

TABLE 233               GREEN REVOLUTION COOLING, INC.: DEALS           220

TABLE 234               SUBMER: COMPANY OVERVIEW              222

TABLE 235               SUBMER: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 222

TABLE 236               SUBMER: PRODUCT LAUNCHES              223

TABLE 237               SUBMER: DEALS     223

TABLE 238               SUBMER: EXPANSIONS            226

TABLE 239               SUBMER: OTHER DEVELOPMENTS         227

TABLE 240               ASPERITAS: COMPANY OVERVIEW          229

TABLE 241               ASPERITAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 229

TABLE 242               ASPERITAS: PRODUCT LAUNCHES          230

TABLE 243               ASPERITAS: DEALS  231

TABLE 244               ASPERITAS: EXPANSIONS        232

TABLE 245               COOLIT SYSTEMS: COMPANY OVERVIEW                234

TABLE 246               COOLIT SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 234

TABLE 247               TABLE 23 COOLIT SYSTEMS: PRODUCT LAUNCHES                 235

TABLE 248               COOLIT SYSTEMS: DEALS        236

TABLE 249               COOLIT SYSTEMS: EXPANSIONS              237

TABLE 250               DCX LIQUID COOLING SYSTEMS: COMPANY OVERVIEW                 239

TABLE 251               DCX LIQUID COOLING SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED        239

TABLE 252               DCX LIQUID COOLING SYSTEMS: PRODUCT LAUNCHES                 241

TABLE 253               DCX LIQUID COOLING SYSTEMS: OTHERS               241

TABLE 254               ICEOTOPE PRECISION LIQUID COOLING: COMPANY OVERVIEW                242

TABLE 255               ICEOTOPE PRECISION LIQUID COOLING:

PRODUCTS/SOLUTIONS/SERVICES OFFERED        242

TABLE 256               ICEOTOPE PRECISION LIQUID COOLING: PRODUCT LAUNCHES               243

TABLE 257               ICEOTOPE PRECISION LIQUID COOLING: DEALS     244

TABLE 258               SCHNEIDER ELECTRIC: COMPANY OVERVIEW        246

TABLE 259               SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 248

TABLE 260               SCHNEIDER ELECTRIC: PRODUCT LAUNCHES        248

TABLE 261               SCHNEIDER ELECTRIC: DEALS                249

TABLE 262               RITTAL GMBH & CO. KG: COMPANY OVERVIEW      251

TABLE 263               RITTAL GMBH & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 251

TABLE 264               RITTAL GMBH & CO. KG: DEALS              252

TABLE 265               RITTAL GMBH & CO. KG: PRODUCT LAUNCHES      252

TABLE 266               MIDAS IMMERSION COOLING: COMPANY OVERVIEW                 253

TABLE 267               MIDAS IMMERSION COOLING: PRODUCTS/SOLUTIONS/SERVICES OFFERED        253

TABLE 268               MIDAS IMMERSION COOLING: DEALS     254

TABLE 269               LIQUIDSTACK HOLDING B.V.: COMPANY OVERVIEW                 255

TABLE 270               LIQUIDSTACK HOLDING B.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED        255

TABLE 271               LIQUIDSTACK HOLDING B.V.: DEALS       256

TABLE 272               LIQUIDSTACK HOLDING B.V.: OTHER DEVELOPMENTS                 256

TABLE 273               CHILLDYNE, INC.: COMPANY OVERVIEW 257

TABLE 274               CHILLDYNE, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 257

TABLE 275               CHILLDYNE, INC.: DEALS         258

TABLE 276               DUG TECHNOLOGY: COMPANY OVERVIEW              259

TABLE 277               DUG TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 261

TABLE 278               DUG TECHNOLOGY: DEALS     262

TABLE 279               LIQUIDCOOL SOLUTIONS: COMPANY OVERVIEW     264

TABLE 280               LIQUIDCOOL SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 264

TABLE 281               LIQUIDCOOL SOLUTIONS: DEALS             265

TABLE 282               STULZ GMBH: COMPANY OVERVIEW       266

TABLE 283               STULZ GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 266

TABLE 284               STULZ GMBH: PRODUCT LAUNCHES       267

TABLE 285               DELTA POWER SOLUTIONS: COMPANY OVERVIEW 268

TABLE 286               DELTA POWER SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED        269

TABLE 287               DELTA POWER SOLUTIONS: DEALS         270

TABLE 288               MODINE MANUFACTURING COMPANY: COMPANY OVERVIEW                 271

TABLE 289               MODINE MANUFACTURING COMPANY: PRODUCTS OFFERED                 273

TABLE 290               MODINE MANUFACTURING COMPANY: PRODUCT LAUNCHES                 273

TABLE 291               MODINE MANUFACTURING COMPANY: DEALS        274

TABLE 292               MODINE MANUFACTURING COMPANY: EXPANSIONS                 274

TABLE 293               ZUTACORE, INC: COMPANY OVERVIEW   276

TABLE 294               ZUTACORE, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 276

TABLE 295               ZUTACORE, INC.: PRODUCT LAUNCHES  277

TABLE 296               ZUTACORE, INC.: DEALS          277

TABLE 297               WIWYNN CORPORATION: COMPANY OVERVIEW     279

TABLE 298               WIWYNN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 279

TABLE 299               BOYD: COMPANY OVERVIEW   280

TABLE 300               BOYD: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 280

TABLE 301               KAORI HEAT TREATMENT CO., LTD.: COMPANY OVERVIEW                 281

TABLE 302               KAORI HEAT TREATMENT CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED        282

TABLE 303               ASETEK: COMPANY OVERVIEW                283

TABLE 304               ASETEK: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 284

TABLE 305               FLEX LTD.: COMPANY OVERVIEW            285

TABLE 306               FLEX LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 286

TABLE 307               FLEX LTD.: DEALS    287

TABLE 308               TEIMMERS: COMPANY OVERVIEW           288

TABLE 309               KOOLANCE, INC.: COMPANY OVERVIEW 289

TABLE 310               GIGA-BYTE TECHNOLOGY CO., LTD.: COMPANY OVERVIEW                 290

TABLE 311               PEZY COMPUTING: COMPANY OVERVIEW               290

TABLE 312               TAS: COMPANY OVERVIEW      291

TABLE 313               ACCELSIUS LLC: COMPANY OVERVIEW   291

TABLE 314               OPTICOOL TECHNOLOGIES: COMPANY OVERVIEW 292

TABLE 315               SEGUENTE INC.: COMPANY OVERVIEW   293

TABLE 316               DATA CENTER COOLING MARKET, BY COMPONENT, 2018–2022 (USD MILLION)               296

TABLE 317               DATA CENTER COOLING MARKET, BY COMPONENT, 2023–2030 (USD MILLION)               296

TABLE 318               IMMERSION COOLING MARKET, BY TYPE, 2017–2022 (USD MILLION) 299

TABLE 319               IMMERSION COOLING MARKET, BY TYPE, 2023–2031 (USD MILLION) 299

LIST OF FIGURES

FIGURE 1 DATA CENTER LIQUID COOLING MARKET SEGMENTATION AND REGIONAL SCOPE    31

FIGURE 2 DATA CENTER LIQUID COOLING MARKET: RESEARCH DESIGN                 35

FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH                 40

FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH                 40

FIGURE 5 MAIN MATRIX CONSIDERED TO ASSESS DEMAND

FOR DATA CENTER LIQUID COOLING      41

FIGURE 6 STEPS CONSIDERED TO ANALYZE SUPPLY OF DATA CENTER LIQUID COOLING 42

FIGURE 7 DATA CENTER LIQUID COOLING MARKET: DATA TRIANGULATION                 43

FIGURE 8 SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2032       48

FIGURE 9 SMALL & MID-SIZED DATA CENTERS SEGMENT TO ACCOUNT

FOR LARGER MARKET SHARE IN 2032  48

FIGURE 10               COLD PLATE LIQUID COOLING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD    49

FIGURE 11               HYPERSCALE DATA CENTERS SEGMENT TO ACCOUNT FOR

LARGEST MARKET SHARE IN 2032        49

FIGURE 12               BFSI SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2032   50

FIGURE 13               NORTH AMERICA LED DATA CENTER LIQUID COOLING MARKET IN 2024    51

FIGURE 14               RAPID ADOPTION OF AI, ML, AND BLOCKCHAIN TECHNOLOGIES TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS                 52

FIGURE 15               NORTH AMERICA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD  52

FIGURE 16               SOLUTIONS SEGMENT AND US DOMINATED NORTH AMERICAN DATA CENTER LIQUID COOLING MARKET IN 2024               53

FIGURE 17               CHINA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD    53

FIGURE 18               DATA CENTER LIQUID COOLING MARKET: DRIVERS, RESTRAINTS,

OPPORTUNITIES, AND CHALLENGES      55

FIGURE 19               COUNTRIES WITH HIGHEST NUMBER OF DATA CENTERS, 2022 AND 2024     56

FIGURE 20               POWER DENSITIES BY DEVELOPMENT TYPE (KW PER RACK)                 57

FIGURE 21               GLOBAL DATA CENTER POWER USAGE EFFECTIVENESS (PUE) 2007–2035            57

FIGURE 22               LIQUID COOLING ESSENTIAL FOR HIGH-DENSITY RACKS AND IMMERSION COOLING FOR ABOVE 150 KW PER RACK          58

FIGURE 23               REGIONAL SPENDING ON BLOCKCHAIN SOLUTIONS, 2022 (USD BILLION)         60

FIGURE 24               DATA CENTER LIQUID COOLING MARKET: PORTER’S FIVE FORCES ANALYSIS  62

FIGURE 25               INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER                65

FIGURE 26               KEY BUYING CRITERIA, BY END USER     66

FIGURE 27               DATA CENTER LIQUID COOLING MARKET: VALUE CHAIN ANALYSIS 67

FIGURE 28               DATA CENTER LIQUID COOLING MARKET: ECOSYSTEM ANALYSIS 69

FIGURE 29               LIST OF MAJOR PATENTS RELATED TO DATA CENTER LIQUID COOLING SOLUTIONS              85

FIGURE 30               DATA CENTER LIQUID COOLING MARKET: INVESTMENT AND

FUNDING RELATED TO STARTUPS/SMES, 2019–2024         87

FIGURE 31               TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS                88

FIGURE 32               SMALL & MID-SIZED DATA CENTERS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD     92

FIGURE 33               COLD PLATE LIQUID COOLING SEGMENT TO LEAD MARKET

DURING FORECAST PERIOD    97

FIGURE 34               SERVICES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD  103

FIGURE 35               HYPERSCALE DATA CENTERS SEGMENT TO REGISTER HIGHEST

CAGR DURING FORECAST PERIOD          110

FIGURE 36               IT & TELECOM SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD    116

FIGURE 37               NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2032       129

FIGURE 38               NORTH AMERICA: DATA CENTER LIQUID COOLING MARKET SNAPSHOT               131

FIGURE 39               ASIA PACIFIC: DATA CENTER LIQUID COOLING MARKET SNAPSHOT               140

FIGURE 40               EUROPE: DATA CENTER LIQUID COOLING MARKET SNAPSHOT               158

FIGURE 41               DATA CENTER LIQUID COOLING MARKET SHARE ANALYSIS, 2023       189

FIGURE 42               DATA CENTER LIQUID COOLING MARKET: RANKING OF TOP FIVE PLAYERS, 2023               190

FIGURE 43               DATA CENTER LIQUID COOLING MARKET: BRAND/PRODUCT COMPARISON          193

FIGURE 44               DATA CENTER LIQUID COOLING MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2023             195

FIGURE 45               DATA CENTER LIQUID COOLING MARKET: COMPANY FOOTPRINT              196

FIGURE 46               DATA CENTER LIQUID COOLING MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023     204

FIGURE 47               COMPANY VALUATION, 2024 (EV/REVENUE)          206

FIGURE 48               FINANCIAL METRICS, 2024 (EV/EBITDA)                207

FIGURE 49               YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND FIVE-YEAR STOCK BETA OF KEY MANUFACTURERS, 2024      207

FIGURE 50               VERTIV GROUP CORP.: COMPANY SNAPSHOT         214

FIGURE 51               SCHNEIDER ELECTRIC: COMPANY SNAPSHOT        247

FIGURE 52               DUG TECHNOLOGY: COMPANY SNAPSHOT             260

FIGURE 53               DELTA POWER SOLUTIONS: COMPANY SNAPSHOT 269

FIGURE 54               MODINE MANUFACTURING COMPANY: COMPANY SNAPSHOT                 272

FIGURE 55               WIWYNN CORPORATION: COMPANY SNAPSHOT     279

FIGURE 56               KAORI HEAT TREATMENT CO., LTD.: COMPANY SNAPSHOT                 281

FIGURE 57               ASETEK: COMPANY SNAPSHOT               284

FIGURE 58               FLEX LTD.: COMPANY SNAPSHOT            286