Iceotope Technologies Limited

The report “Data Center Liquid Cooling Market by Component (Solution and Services), End User (Cloud Providers, Colocation Providers, Enterprises, and Hyperscale Data Centers), Data Center Type, Type of Cooling, Enterprise, and Region – Global Forecast to 2028″, is projected to grow from USD 2.6 billion in 2023 to USD 7.8 billion by 2028, at a CAGR of 24.4% during the forecast period. Major factors driving the growth of the data center liquid cooling market include the increasing need for the emergence of advanced technologies such as AI, blockchain, cooling requirements, and the current data center equipment’s rising power density. More potent servers, high-performance computing (HPC) clusters, and graphics processing units (GPUs) that produce much heat are housed in data centers as technology develops.

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By component, the services segment is estimated to be the fastest-growing data center liquid cooling segment from 2023 to 2028.

The services segment, by component of the data center liquid cooling market, is projected to be the fastest-growing segment from 2023 to 2028. The system integration services that data center liquid cooling service providers provide involve integrating liquid cooling technologies with the IT infrastructure of the data center. Assuring the dependability, effectiveness, and performance of the cooling infrastructure inside the data center environment, service segments assist data center operators in implementing and maintaining efficient liquid cooling solutions.

By data center type, the small and mid-sized data center segment is estimated to be the fastest-growing segment of the data center liquid cooling market from 2023 to 2028.

The small and mid-sized data center, by size segment of the data center liquid cooling market, is projected to be the fastest-growing segment from 2023 to 2028. Besides deploying more complex IT hardware, such as high-performance servers, storage systems, and networking devices, small and midsize data centers also increase power density. The larger heat loads these systems produce may make it difficult for conventional air-cooling techniques to keep up. The increasing need for heat dissipation may be effectively managed with liquid cooling, providing top performance and equipment dependability.

By end user, the hyperscale data center segment is estimated to be the fastest-growing segment of the data center liquid cooling market from 2023 to 2028.

The hyperscale data center, by end-user segment of the data center liquid cooling market, is projected to be the fastest-growing segment from 2023 to 2028. In a relatively compact area, hyperscale data centers hold many servers and IT devices. This compact design produces much heat, which must be well dispersed. Compared to conventional air-cooling techniques, liquid cooling has better heat dissipation properties. Liquid cooling systems can more effectively remove heat by directly touching and absorbing heat from heated components, maintaining ideal operating temperatures and averting thermal bottlenecks.

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By type of cooling, the immersion liquid cooling segment is estimated to be the fastest-growing data center liquid cooling segment from 2023 to 2028.

Immersion Liquid Cooling, by type of cooling segment of the data center liquid cooling market, is projected to be the fastest-growing segment from 2023 to 2028. Compared to air cooling techniques, immersion liquid cooling has a higher energy efficiency. Heat may be quickly and effectively transported away from the equipment by instantly submerging the IT components in a dielectric liquid, avoiding the need for energy-intensive air cooling systems and fans. As a result, data centers experience significant energy savings, decreased power usage, and reduced operational expenses.

Asia Pacific is estimated to be the fastest-growing region in the data center liquid cooling market during the forecast period.

Asia Pacific is projected to be the fastest-growing data center liquid cooling market during the forecast period. Due to reasons including the quick acceptance of cloud computing, the expansion of data-intensive businesses, and the rapid digital transformation, the region is seeing a rise in data center investments. Due to the development of data center infrastructure, there is a significant need for effective cooling methods, such as liquid cooling technologies. Efficient cooling solutions to improve Power Usage Effectiveness (PUE) are expected to drive the growth of the data center liquid cooling market in Asia Pacific.

Rittal (Germany), Fujitsu (Japan), Vertiv Holdings Co. (US), Green Revolution Cooling Inc. (US), Submer (Spain), Midas Green Technologies (Austin), Schneider Electric (France), LiquidStack (Netherlands), Chilldyne (US), Iceotope Technologies Limited (UK), CoolIT Systems (Canada), Asperitas (Netherlands), DUG Technology (Australia), LiquidCool Solutions, Inc. (US), DCX Liquid Cooling Systems (Poland), and STULZ GMBH (Germany), are the key players in data center liquid cooling market.

Iceotope Technologies Limited (“Iceotope”), the global leader in precision immersion cooling technology, today announced that it has closed a £30m funding round from a global investment syndicate led by Singapore impact private equity firm ABC Impact. Iceotope’s environmentally efficient technology reduces the energy and water required to cool data centre servers and contributes toward the achievement of net-zero emissions for the data centre industry.

The global syndicate includes strategic investments from nVent – a leading global provider of electrical connection and protection solutions, as well as FTSE 250 investment company, SDCL Energy Efficiency Income Trust plc. Other investors in this round include Northern Gritstone, British Patient Capital, Pavilion Capital, and existing investor, Edinv.

As part of a strategic alliance with Iceotope, nVent will offer new modular integrated solutions for data centres, edge facilities, and high-performance computing applications. This alliance will further drive the rapid deployment of Iceotope’s technology globally through its holistic suite of data centre solutions.

Tan Shao Ming, Chief Investment Officer at ABC Impact said: “Climate and water solutions form a key investment theme for us. Given that a large share of data growth in the coming years is expected to come from Asia with the advent of IoT and the 5G rollout, data centres in the region are set to proliferate. Iceotope’s precision cooling solutions enable data centres to transit to a more sustainable infrastructure with a reduced environmental and real estate footprint. By increasing efficiency in their use of energy and water, data centres can contribute to global efforts to reduce carbon emissions. We see vast potential to deploy this technology in Asia, especially regions with tropical climates, and we look forward to working with Iceotope to scale its positive impact.”

David Craig, CEO of Iceotope Technologies said: “This significant investment, one of the largest amounts recently invested in liquid cooling, is a testament to the great work of our designers for our customers across the globe, as well as the many technology and channel partners that have placed their trust in our ability to cool data centre servers more efficiently in a vertical rack form factor. Given the global importance of the data centre sector, which can only increase as edge facilities proliferate and extend to the far reaches of civilization, we look forward to accelerating our global deployment plan with the help of our new and existing investment partners.”

While liquid cooling is long-established and has become the standard in high-performance computing (HPC) applications, air-cooling had been the preferred approach in cooling large data enterprise, co-location and cloud data centres. This situation is changing rapidly as the adoption of liquid cooling accelerates, with the global data center liquid cooling market expected to grow at a CAGR of 24.8%[1] to $6.4 billion by 2027.

Engineered to cool the whole IT stack, in every use case, from Hyperscale to the Extreme Edge, Iceotope’s patented Chassis-level Precision Immersion Cooling offers up to 96% water reduction, up to 40% power reduction, and up to 40% carbon emissions reduction per kW of ITE[2]. 100% sealed at chassis level, Iceotope’s liquid cooling solutions offer extreme cooling performance whilst isolating and protecting the critical IT from the surrounding environment and atmosphere. Industry-standard form factors allow simple maintenance and hot-swapping to be carried out – in any location – with ease, without mess, nor the need for heavy lifting gear.

Joe Ruzynski, nVent President of Enclosures said: “I’m excited to deepen our relationship with Iceotope. Together we’ve created sustainable, innovative cooling solutions that efficiently solve for heat and avoid downtime in data centres. Moving forward, we have the opportunity to build on our success and drive the next phase of precision immersion cooling solutions in an exciting and growing space.”

Jonathan Maxwell, founder and CEO of Sustainable Development Capital LLP, SEEIT’s investment manager said: “The data centre market is one of the fastest growing sources of demand for power and cooling globally. We are delighted to be supporting Iceotope in its efforts to expand the use of its innovative energy efficient technology in this dynamic sector.”

In the last 18 months, Iceotope has been widely recognised for innovation with Edge Computing Product of the Year DCS Award 2021, Data Centre Magazine Top 10 Most Innovative Cooling Companies, STL Partners 100 Edge Companies to Watch 2022, and most recently Electrical Review and Data Centre Review Excellence Awards in London winning Data Centre Design & Build Product of the Year and Data Centre Cooling Product of the Year 2022.

Research and Markets; Global Data Center Liquid Cooling Market by Component, End User, Data Center Type, Type of Cooling, Enterprise and Region – Forecast to 2027: https://www.researchandmarkets.com/reports/5610635/global-data-center-liquid-cooling-market-by?
Independently verified by Cundall: Desktop Study Report- Liquid and Air-Cooling Compared

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Data Center Liquid Cooling Market worth $7.8 billion by 2028 – Exclusive Report by MarketsandMarkets™

Precision Immersion Cooling Specialist, Iceotope Technologies, Secures £30m Funding from Global Syndicate Led by Impact Investor ABC Impact

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