Who are the Key Players in the Data Center Liquid Cooling Market?

The global data center liquid cooling market is projected to grow from $4.15 billion in 2024 to $24.1 billion by 2032, achieving a CAGR of 24.6% over the forecast period. This growth is driven by the rising demand for edge computing, AI, and blockchain technologies, which necessitate advanced cooling solutions for increasingly dense server configurations. Traditional air cooling methods are proving inadequate, leading to a shift towards liquid cooling systems that offer superior energy efficiency and cost savings over time. East Asia is expected to lead the market with a 32.9% CAGR, while the cloud providers segment is forecasted to grow at 28.1%. Cold plates are anticipated to experience a CAGR of 23.7% through 2031. As technology advances and data centers expand, the demand for efficient, high-performance cooling solutions will continue to rise, making liquid cooling a key component in maintaining operational efficiency and reliability.