08 November 2022
Graphical Research has reported that the Asia Pacific data centre liquid cooling market size is set to continue its significant growth in the years to come, with the growing construction of hyper-scale data centres requiring reliable heat management systems a major driver.
The past two years have seen a move towards connected digital economies across APAC. This means more and more data is being generated across platforms such as cloud and social media.
The market size for data centre liquid cooling in Asia Pacific surpassed US$500 million in 2021 and is predicted to register a 25% CAGR during the forecast period of 2022-2028, reaching US$2.5 billion.
As process-intensive computing applications continue to grow, data centre operators are evaluating various liquid cooling options. Newer digital tools, such as healthcare apps, OTT platforms, and other social media engagement apps have proven to be vital for increasing customer interaction with businesses and brands.
Increasing digitalisation in the retail and eCommerce sector has also been positively impacting the market growth. As data centres provide advanced IT services and solutions to the retail and eCommerce industry, they are likely to remain a growing industry in the region, promoting liquid cooling solution sales.
Another sector looking at robust liquid cooling solutions for its enormous data is the BFSI sector. Over the past two years since the COVID-19 pandemic, people have increasingly been using online banking and digital transfers for their day-to-day business transactions.
The push for digital solutions has also resulted in the generation of more data. The growing influx of data demands increased data centre storage, which requires direct-to-chip cooling systems to keep energy consumption levels on track and provide peak performance for higher power.
The research also highlights that cloud service providers will capture a large share of the APAC industry by 2028 due to the growing demand for data centres to enhance customer data safety.
