데이터센터 액체 냉각 시장은 2025년부터 2032년까지 예측 기간 동안 18.10%의 연평균 복합 성장률(CAGR)로 성장하여 2024년 27억 5,000만 달러에서 2032년에는 104억 1,000만 달러에 달할 것으로 예측됩니다. 전 세계 데이터센터의 컴퓨팅 밀도 증가와 워크로드 요구사항의 변화로 인해 열 관리 문제가 증가함에 따라 이 시장은 꾸준히 성장하고 있습니다. 클라우드 컴퓨팅, 인공지능, 머신러닝, 고성능 컴퓨팅의 성장으로 인해 랙 전력 밀도가 크게 증가함에 따라 기존의 공랭식 냉각 시스템은 효율성이 떨어지고 더 많은 에너지를 소비하게 되었습니다. 액체 냉각 솔루션은 본질적으로 우수한 열 전달 효율을 제공하므로, 사용자는 발열량이 많은 고도의 워크로드를 처리하면서도 온도를 최적의 수준으로 유지할 수 있습니다.
또한, 비용 절감과 운영 비용의 최소화는 시장이 지속적으로 성장하고 있는 주요 이유 중 하나입니다. 특히 에너지 가격 상승과 지속가능성에 대한 요구가 높아지는 상황에서 데이터센터 운영자는 전력 사용량을 줄이고 전력 사용 효율(PUE)을 적절히 유지하는 것이 필수적입니다. 액체 냉각 시스템 도입은 대형 공조 장치에 대한 의존도 감소, 팬의 저속 운전 또는 정지, 열의 재사용 효율 향상 등 다방면에서 효과를 발휘합니다. 이를 통해 장기적으로 시스템 전반의 효율성과 운영 비용 절감을 실현할 수 있습니다.
예를 들어, 2025년 11월에는 DarkNX가 캐나다 온타리오주에 신설하는 300MW 규모의 AI 데이터센터 캠퍼스 전체에 Accelsius의 2상식 직접 투 칩 액체 냉각 시스템인 'NeuCool'을 도입할 의사를 밝혔습니다. 이는 역대 최대 규모의 액체냉각 도입 사례 중 하나로, 하이퍼스케일 사업자의 대규모 도입 효과를 입증하는 사례입니다.
Data Center Liquid Cooling Market is projected to witness a CAGR of 18.10% during the forecast period 2025-2032, growing from USD 2.75 billion in 2024 to USD 10.41 billion in 2032. The market is gradually expanding as data centers across the globe are dealing with increasing thermal management challenges due to higher computing densities and the changing workload requirements. The growth of cloud computing, artificial intelligence, machine learning, and high-performance computing has significantly increased rack power densities, making traditional air-based cooling systems less efficient and more energy-intensive. By nature, liquid cooling solutions provide much better heat transfer efficiency, thereby allowing users to keep the temperature at an optimal level while being able to handle advanced, heat-intensive workloads.
Furthermore, saving and operational cost minimization are among the main reasons behind the market trend of continuous growth. Data center operators must deal with the necessity to cut down the power usage and keep the power usage effectiveness (PUE) at a good level, especially in the current situation when energy prices are going up and sustainability demands are getting stricter. The use of liquid cooling systems can help in many ways, such as less reliance on the big air-handling units, fans running at lower speeds or being turned off, and more effective heat reuse that can result in better overall system efficiency and lower operating costs in the long run.
For instance, in November 2025, DarkNX disclosed its intention to implement Accelsius NeuCool two-phase direct-to-chip liquid cooling across a new 300 MW AI data center campus in Ontario, Canada, thereby committing to one of the largest liquid cooling deployments ever and demonstrating the validation of large-scale adoption by hyperscale operators.
Increasing Focus on Energy Efficiency and Sustainability is Driving Market Growth
One of the key factors that has contributed to the increase in liquid cooling demand is the need for energy efficiency and sustainability. Data centre's energy consumption is rising due to increasing computing loads, leaving operators with little choice but to improve power usage effectiveness (PUE) and reduce overall electricity consumption. To maintain temperatures in each environment, traditional air-based systems consume power in different ways: they need extensive airflow management, large fan arrays, and high-capacity chillers. All these activities generate a huge power draw. Unlike air cooling, liquid cooling systems avoid the inefficiencies of air-based heat exchangers, enabling more precise thermal management while consuming less energy for cooling.
The transition to liquid cooling has accelerated as hyperscale operators and large enterprises pursue ambitious sustainability goals. Most data center operators have established internal targets for carbon reduction, water conservation, and responsible energy use. Liquid cooling helps make these targets achievable by reducing the energy required for cooling and, in some cases, eliminating water-intensive cooling processes. Moreover, liquid cooling is a critical enabler of the future of computing, as it supports higher server densities within existing, smaller facilities, reducing the need for physical expansion and the associated consumption of resources.
Decisions on technological investment are, among other things, being influenced by regulatory expectations and regional efficiency standards in mature data center markets. Governing bodies and energy suppliers are turning their attention to energy-saving infrastructures, thus motivating the implementation of advanced cooling technologies that are coherent with long-term sustainability goals. Consequently, liquid cooling is positioning itself as a key enabler that presents opportunities for data center performance optimization while being environmentally friendly, hence, the continuous demand for technology in a wide range of facilities at large and hyperscale levels globally.
For instance, in December 2024, Microsoft began implementing a next-generation closed-loop cooling design that requires no water for data center cooling. The system's chip-level liquid cooling is done with recirculated coolants without evaporation, thereby saving more than 125 million liters of water for a facility annually and significantly reducing water usage while maintaining thermal control for dense AI workloads.
Expansion of Hyperscale and Large Data Center Infrastructure Propels Market Expansion
One of the main reasons behind the global demand for liquid cooling solutions is the extensive expansion of the data center infrastructure of hyperscale and large data centers. Hyperscale data centers are typically operated by cloud service providers, telecommunications companies, and digital platform providers. They are built to accommodate huge volumes of data, extremely high-throughput workloads, and continuous availability of the service. To keep up with this growth, these data centers are using high-performance servers, GPUs, and accelerators, which produce a lot more heat than the traditional enterprise systems, thus making it difficult for conventional air-cooling systems to efficiently manage such concentrated thermal output, and at the same time, forcing the development of advanced cooling technologies.
Liquid cooling enables hyperscale and large data centers to increase power density per rack while maintaining stable operating conditions. Direct liquid cooling of processors and other critical system components enables data center operators to increase computing power within the same physical footprint. As a result, faster deployment, space optimization, and scalability are the three things which are of utmost importance to hyperscale operators.
For instance, in August 2024, Hewlett Packard Enterprise and Khazna Data Centers, in their partnership, launched a managed data center hosting service in the UAE with direct liquid cooling-enabled AI and high-performance computing as the main features. The move to hyperscale facilities is a clear indication of the operators' intention to use liquid cooling to support heavy power-consuming workloads while also strengthening cooling performance and enabling increased density.
Large Data Centers are Leading the Data Center Liquid Cooling Market Share
Large data facilities are the key factors in the data center liquid cooling market. Such centers due to their massive nature, intense workloads, and certain operational requirements, have been the main drivers of this market trend. Such facilities are required to operate continuously, with minimal downtime, to support large-scale data processing, storage, and transmission. As a result of heavy computing workloads and round-the-clock operations, heat generation has increased significantly in large data centres deploying high-performance servers, GPUs, and accelerators to support cloud services, AI training, analytics, and enterprise applications. Traditional air-cooling systems, which have been widely used to date, are increasingly challenged by these concentrated thermal loads and often prove inefficient or costly. Consequently, liquid cooling is emerging as a more practical and reliable thermal management solution.
By means of liquid cooling, large data centers can elevate power densities at the rack level without sacrificing thermal stability throughout a wide range of server environments. As a result, facility managers can achieve higher computing power per unit of data center floor space, deferring the need for additional space and costly expansions while utilizing existing infrastructure more efficiently. Moreover, liquid cooling solutions at full capacity have a much higher energy efficiency potential which can lead to cutting down on the consumption of power used in the process of cooling and this, in turn, will aid large data centers in their efforts towards achieving better power usage effectiveness.
For instance, in March 2025, CoolIT Systems unveiled a new design for a single-phase liquid cooling cold plate capable of heat dissipation of about 4,000 watts, intended for large data center applications. The initiative exemplifies how cutting-edge cooling technologies are being researched and developed in line with the demand for high-power servers, mostly in big and hyperscale data centers, thus corroborating the trend of shifting from air to liquid cooling.
North America is Dominating the Global Data Center Liquid Cooling Market Share
North America is leading the Global Data Center Liquid Cooling Market, owing to its mature data center ecosystem, progressive high-density computing, and the region's strong emphasis on energy-efficient infrastructure. This region hosts a large concentration of hyperscale and large data centers operated by leading cloud service providers, technology companies, and telecommunications operators. These centers run data-intensive workloads such as cloud computing, artificial intelligence, machine learning, and high-performance computing, which produce a significant amount of heat and therefore demand advanced thermal management solutions other than conventional air cooling. Across North America, the swift rollout of AI-optimized infrastructure has created a strong and rapidly growing market for liquid cooling. In the region, data center operators are increasingly deploying GPUs and accelerators that operate at high power densities, making liquid cooling essential to maintain performance and reliability.
In addition, operators in North America place a strong emphasis on operational efficiency, uptime, and scalability, priorities that align well with the advantages of liquid cooling systems.
For instance, in July 2025, TensorWave installed the largest direct liquid-cooled AI training cluster in North America, composing 8,192 AMD GPUs. The device employs direct liquid cooling to control the extremely high thermal output of densely packed accelerators; thus, it is a case that North America is leading the most advanced cooling technology adoption for energy-intensive AI infrastructure.
Impact of US Tariffs on the Global Data Center Liquid Cooling Market
Tariff Exposure for Liquid Cooling Components and Systems
Under current U.S. trade policies, certain imported liquid cooling components such as heat exchangers, cold plates, immersion tanks, pumps, valves, and specialized metal or polymer assemblies may be subject to additional ad valorem duties, depending on their classification and country of origin.
Impact on Project Economics and Deployment Costs
Higher import costs can raise overall capital expenditure for large and hyperscale data center projects, where liquid cooling is deployed at scale.
Increased equipment costs may influence procurement decisions, potentially delaying deployments or encouraging phased implementation of liquid cooling systems, especially for cost-sensitive colocation and enterprise operators.
Key Players Landscape and Outlook
The landscape of the global Data Center Liquid Cooling Market is shaped by the rapid expansion of high-density data center infrastructure, growing deployment of AI and HPC workloads, and increasing emphasis on energy-efficient thermal management. Leading players include global data center infrastructure providers, specialized liquid cooling technology companies, and integrated solution vendors offering direct-to-chip, immersion cooling, and hybrid liquid cooling systems. These companies focus on enhancing heat transfer efficiency, system reliability, and scalability to meet the evolving demands of hyperscale and large data centers.
Key players are prioritizing advanced cooling architectures, modular system designs, and integrated monitoring and control capabilities to support high rack power densities and continuous operations. Solutions are increasingly designed to integrate seamlessly with next-generation server platforms, GPUs, and accelerators, while also supporting sustainability objectives through reduced energy and water consumption. Service offerings such as design consulting, installation, and lifecycle support are strengthening long-term customer relationships, particularly with hyperscale operators and colocation providers.
The market outlook remains positive, supported by continued investments in large and hyperscale data centers, especially in North America, and by the ongoing shift away from traditional air cooling in favor of more efficient liquid-based solutions. Strategic collaborations between cooling technology providers, server manufacturers, and data center operators are becoming more common, enabling faster deployment and technology alignment.
For instance, in November 2025, Vertiv expanded its liquid cooling portfolio with Vertiv CoolCenter Immersion, an integrated solution designed for AI-ready data centers. Vertiv CoolCenter Immersion is available in 25-240 kW capacities, enabling scalable deployment across large and hyperscale facilities. The solution delivers highly energy-efficient liquid cooling by supporting high-density computing while reducing dependence on traditional air-cooling infrastructure, highlighting how established providers are strengthening liquid cooling capabilities to address rising power densities and efficiency requirements in modern data centers.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.