MarkNtel Advisors is not just a market research company; it is a cornerstone in the realm of research and consulting provide market research report titled as Data Center Liquid Cooling Market Size, Share, Analysis, Forecast 2023-2028.
Data Center Liquid Cooling Market Analysis and Insights:
The Data Center Liquid Cooling Market size is estimated to grow at a CAGR of around 21.70% during the forecast period, i.e., 2023-28.
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Data Center Liquid Cooling Market Dynamics
Global Data Center Liquid Cooling Market Driver: Increasing Data Centers for Financial Institutions to Push Demand for Data Center Liquid Cooling
Over the past few years, there has been a significant increase in the number of banks & the bankable population across the globe due to rising globalization, promoting financial inclusion and economic growth in developed & developing nations. Financial institutions are essential for every individual, including working, students, and others, since the banks pose as a safe place for storing money.
Moreover, nowadays these financial institutions offer a wide range of payment and transaction services for paying bills, making purchases, among other transactional activities. As a result, more individuals are increasingly opening their bank accounts to access different financial services provided by the public & private banks. According to global Findex by the World Bank, in 2022, more than 76% of adults across the globe had an account at a bank or any regulated institution such as a credit union or microfinance institution. This significant rise in the bankable population increased the consumer’s financial data. As a result, banks or financial institutions rely on their data centers to store critical financial information.
Further, the data centers have hardware & servers, which tend to overheat due to the continuous operations, therefore, there is a requirement for the data center liquid cooling systems to prevent hardware failure. Hence, the banks opt for data center liquid cooling systems to ensure the continuity of their operations, driving the Global Data Center Liquid Cooling Market.
Data Center Liquid Cooling Market Report Segmentation:
The report has segmented the market into the following categories:
By End Users
-Healthcare & Lifesciences
-E-commerce and Retail
-IT and Telecom
-BFSI
-Hospitality
-Others (Energy & Utilities, Media & Entertainment, etc.)
By Data Center Size
-Small & Medium
-Large
By Type of Data Center
-Enterprise
-Colocation
-Cloud Data Centers
-Hyperscale
-Others (Disaster Recovery (DR) Data Centers, Modular and Prefabricated Data Centers, etc.)
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Market Divided by Region/Country:
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Who are the top Companies in the Data Center Liquid Cooling Market?
Vertiv Group Corp, Fujitsu, Submer, Green Revolution Cooling Inc., Rittal GmbH & Co. KG, Schneider Electric, Midas Green Technologies, Liquidstack Holding BV, Chilldyne Inc., Iceotope, Coolit Systems, Asperitas, Dug Technology and Others
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