End-User (BFSI, IT & Telecom, Government & Defense, Healthcare, Retail, Manufacturing, Energy, Research & Academic)
The IT & telecom segment is estimated to account for 30% share of the global data center liquid cooling market in the year 2037. The growth of the segment can be attributed to the increasing usage of data. Globally, around 11 gigabytes of data were utilized by smartphones per month on average in 2021. Moreover, it is expected to almost quadruple by 2027, when it will grow to approximately 41 GB per smartphone each month globally. Furthermore, the rising generation of data in the IT & telecom sector is also expected to boost market growth. The phrase "data is the new oil” was first said by British mathematician Clive Humby fifteen years ago. Since then, the volume of data worldwide has multiplied around 74 times.
Product Type (Modular Liquid Cooling Units, Integrated Rack Liquid Unit, Heat Exchangers for Hot Spots, Door Units, Device-Mounted Liquid)
Data center liquid cooling market from the heat exchangers for the hot spots segment are expected to garner a significant share in the predicted period. Heat exchanger for hot spots is gaining popularity and completely replacing the door units and rack liquid cooling. The primary driving factor for the segment growth is the cost-effective deployment of data center liquid cooling. Basic liquid cooling requires a complete change in infrastructure which was previously used in air cooling.
Our in-depth analysis of the global market includes the following segments:
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Author Credits: Abhishek Verma
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