Global Data Center Liquid Immersion Cooling Market to be Worth US$ 5.03 Billion by 2026 – Coherent Market Insights
SEATTLE, June 13, 2018 (GLOBE NEWSWIRE) -- The global data center liquid immersion cooling market was valued at US$ 297.6 million in 2017 and is projected to exhibit a CAGR of 35.3% over the forecast period (2018–2026).
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Key Trends and Analysis of the Data Center liquid Immersion Cooling Market:
Increasing investment in data center infrastructure is a major factor aiding in growth of the market, globally. For instance, in 2017, NTT Communications Corporation, a Japan-based telecommunication company, announced to launch international data network services in India. For this, the company is expected to invest US$ 160 million to setup two data centers in India (Mumbai and Bangalore). Similarly, in January 2018, Apple Inc.—a U.S.-based company— announced investment of over US$ 10 billion on data centers over the next five years i.e. 2022 in the U.S. In addition to this, rising number of hyper spectral data centers have also accelerated demand for data center liquid immersion cooling, globally. For instance, according to Coherent Market Insights’ analysis, in 2016, there were 338 hyper scale data centers up from 259 in 2015 and is projected to reach 628 hyper scale data centers by 2021. Furthermore, hyper scale data centers accounted for 39% of the total data center traffic in 2016 and is projected to reach 55% by 2021.
Key Market Takeaways:
- The data center liquid immersion cooling market is expected to exhibit a CAGR of 35.3% during the forecast period (2018–2026). This is attributed to increasing adoption of cloud-based technology by various organizations, globally. According to Coherent Market Insights’ analysis, it is estimated that by 2021, 94% workload will be processed by cloud-based data centers, up from 83% in 2016. By 2021, only 6% is expected to be processed by conventional data centers up from 17% in 2016.
- Some of the major players operating in the global data center liquid immersion cooling market are Alfalava, Asetek, CoolIT Systems, Green Data Center LLP, Green Revolution Cooling Inc., Horizon Computing Solutions, IBM Corporation, Midas Green Technologies, LLC, Rittal GmbH & Co. Kg., and Schneider Electric SE.
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