LONDON, June 18,
2024 /PRNewswire/ -- In a groundbreaking
development, the data center thermal management
market has surged to a staggering $7.67bn, outpacing previous forecasts according
to new research from Omdia. This unprecedented growth is poised to
continue with a robust CAGR of 18.4% until 2028. This surge
will largely be fueled by AI-driven demands and innovations in
high-density infrastructure marking a pivotal moment for the
industry.
As AI computing becomes ubiquitous, the demand for liquid
cooling has surged dramatically. Key trends include the rapid
adoption of Rear Door Heat Exchangers (RDHx) combined with 1-P
direct-to-chip cooling, achieving an impressive 65% year-over-year
growth, frequently integrating heat reuse applications. This period
also sees a strategic blend of air and liquid cooling technologies,
creating a balanced and efficient thermal management.
Omdia's Principal Analyst, Shen
Wang: "In 2023, the global data center cooling market
experienced increased consolidation, Top5 and Top10 concentration
ratios rising by 5% from the previous year. Omdia
expanded vendor coverage in its report to include 49
companies, up from 40, adding Chinese OEMs and direct liquid
cooling component suppliers. Vertiv, Johnson Controls, and Stulz
retained their top three positions, with Vertiv notably gained 6%
market share, due to strong North American demand and cloud
partnerships."
Market growth for data center cooling was primarily constrained
by production capacity, particularly for components like Cooling
Distribution Units (CDUs), rather than a lack of demand. Numerous
supply chain players struggled to satisfy the soaring market needs,
causing component shortages. However, improvements forecasted for
2024 are expected to alleviate this issue, unlocking orders delayed
from the previous year due to supply chain bottlenecks. During this
time, liquid cooling adoption witnessed robust growth, particularly
in North America and China, with new vendors entering the scene and
tracked companies exhibiting significant expansion. In this
near $1bn market of liquid
cooling, direct-to-chip vendor CoolIT remain the top leader in
liquid cooling market, followed by immersion cooling
leader Sugon and server vendor Lenovo.
The data center thermal management is advancing due
to AI's growing influence and sustainability requirements.
Despite strong growth prospects, the industry faces challenges
with supply chain constraints in liquid cooling and embracing
sustainable practices. Moving forward, the integration of
AI-optimized cooling systems, strategic vendor partnerships, and a
continued push for energy-efficient and environmentally friendly
solutions will shape the industry's evolution. Successfully
addressing these challenges will ensure growth and establish
thermal management as a cornerstone of sustainable and efficient
data center operations, aligning technology with environmental
stewardship.
"Data center cooling is projected to be a $16.8bn market by 2028, fueled by digitalization,
high power capacity demand, and a shift towards eco-friendly
infrastructure, with liquid cooling emerging as the biggest
technology in the sector," concludes Wang.
ABOUT OMDIA
Omdia, part of Informa Tech, is a technology research and
advisory group. Our deep knowledge of tech markets combined with
our actionable insights empower organizations to make smart growth
decisions.
Fasiha Khan
Fasiha.khan@omdia.com
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SOURCE Omdia