Summary

Introduction to Asia-Pacific Data Center Liquid Cooling Market

The Asia-Pacific data center liquid cooling market (excluding China), valued at $1,108.0 million in 2024, is expected to reach $11,765.9 million by 2034, exhibiting a robust CAGR of 26.65% during the forecast period 2024-2034. The market for liquid cooling in data centres in Asia-Pacific is expanding rapidly due to the increasing need for high-efficiency thermal management systems and the quick adoption of new technologies. Traditional air cooling techniques are becoming less and less effective as data centres get smaller and use less electricity as a result of the growth of cloud computing, edge computing, and AI-based workloads. As a result, liquid cooling is becoming the go-to option since it provides better heat dissipation, less energy use, and increased spatial efficiency.

This market is expanding due to a number of important factors. In order to satisfy sustainability targets and save operating expenses, energy-efficient and space-saving cooling techniques are urgently needed. Second, data centre operators are becoming more aware of liquid cooling's capacity to facilitate higher overclocking and improve performance in high-density computing situations. This is particularly important for applications that need high-performance computing infrastructure, such as blockchain, AI, and machine learning.

Furthermore, in the APAC area, where urban density and real estate costs might be constraining, the capacity of liquid cooling systems to boost computing power without requiring significant physical expansions or expensive infrastructural overhauls is quite alluring. The market for liquid cooling is expected to gain from advantageous regulatory frameworks, government incentives, and a growing focus on sustainable data centre operations as nations like China, India, Japan, and Singapore continue to invest in digital infrastructure and smart technologies. Manufacturers and technology suppliers have a great chance to develop and broaden their product offerings in one of the fastest-growing digital sectors globally thanks to this changing landscape.

Market Introduction

The growing need for scalable, high-performance, and energy-efficient data centre infrastructure in the Asia-Pacific (APAC) region is propelling the market for liquid cooling for data centres in this region. Data centres in APAC are growing denser and more power-hungry as digital transformation speeds up across industries thanks to developments in cloud computing, big data, 5G, and artificial intelligence. Due to the tremendous strain this change has placed on conventional air cooling systems, there is a growing trend towards liquid cooling technologies as a more efficient way to handle heat.

Direct-to-chip and immersion cooling are two examples of liquid cooling techniques that have several advantages, including as increased energy efficiency, greater heat dissipation, and a smaller footprint. In the APAC area, where land limits and urbanisation necessitate compact and sustainable infrastructure, these technologies are especially alluring. Additionally, operators are being encouraged to use eco-friendly cooling solutions by growing environmental concerns and government-led green data initiatives.

Leading the way are nations like China, India, Japan, and Singapore, which have made significant investments in hyperscale data centres and have robust policies supporting sustainable development. Adoption is being accelerated by ongoing innovation, rising awareness, and improved cooperation between technology vendors and data centre providers, even though high initial setup costs and technical know-how continue to be obstacles. The APAC liquid cooling market is therefore well-positioned for strong long-term growth.

Market Segmentation

Segmentation 1: by End-Use
• IT and Telecom
• Banking, Financial Services, and Insurance (BFSI)
• Government and Public Sector
• Healthcare
• Manufacturing
• Retail
• Others

Segmentation 2: by Data Center
• Hyperscale Data Center
• Enterprise Data Center
• Colocation Data Center
• Others

Segmentation 3: by Solution
• Rear Door Heat Exchangers (RDHX)
• Direct Cooling
o Direct-to-Chip Liquid Cooling System
o Immersion Cooling System

Segmentation 4: by Region
• Asia-Pacific
• China

Market Trends, Drivers and Challenges of APAC Data Center Liquid Cooling Market

The growing demand for effective cooling solutions in response to rising data centre density and power consumption is propelling the APAC data centre liquid cooling market's rapid expansion. The need for high-performance computing, which produces a lot of heat, is being fuelled by the growth of cloud computing, artificial intelligence, 5G, and big data analytics. Compared to conventional air-cooling techniques, liquid cooling—including direct-to-chip and immersion cooling—offers better thermal management, increased energy efficiency, and reduced operating costs. Adoption is also being encouraged by government programs that support carbon footprint reduction and sustainable infrastructure in nations like China, India, Japan, and Singapore. Nevertheless, the market is confronted with obstacles like high upfront prices, intricate technical details, and a lack of experience in implementing and maintaining liquid cooling systems. Additionally, retrofitting existing facilities with liquid cooling technology can be difficult and costly. Despite these obstacles, continued innovation, increasing awareness of environmental benefits, and supportive government policies are expected to drive the adoption of liquid cooling technologies across APAC.

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different application and product segments of APAC data center liquid cooling and their potential in APAC Region. Moreover, the study gives the reader a detailed understanding of the different regulations, consortiums and associations, and government programs impacting the liquid cooling manufacturers for various purposes, including data centers.

Growth/Marketing Strategy: The APAC data center liquid cooling market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been partnership, collaboration, and joint venture activities to strengthen their position in the APAC data center liquid cooling market.

Competitive Strategy: Key players in the APAC data center liquid cooling market analyzed and profiled in the study involve liquid cooling providers, including market segments covered by distinct product kinds, applications served, and regional presence, as well as the influence of important market tactics employed. Moreover, a detailed competitive benchmarking of the players operating in the APAC data center liquid cooling market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled in the APAC data center liquid cooling market have been selected based on input gathered from primary experts and analyzing company coverage, project portfolio, and market penetration.

Some of the prominent names in this market are:

• PEZY Computing Inc.
• Firmus Technologies Pty Ltd
• Shenzhen MicroBT Electronics Technology Co., Ltd
• Sunonwealth Electric Machine Industry Co., Ltd.
• WERNER FINLEY
• FogHashing

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Table of Contents

Executive Summary
Scope and Definition
1 Market: Industry Outlook
1.1 Trends: Current and Future Impact Assessment
1.1.1 Trends Shaping Data Center Liquid Cooling Market
1.1.2 Efficient Cooling Systems
1.1.3 Renewable Energy for Data Centers
1.1.4 Rising Demand for Edge Computing
1.1.5 Increased Interest in High-Performance Gaming and Bitcoin Minning Applications
1.1.6 Increased Data Requirements
1.1.6.1 Increasing Rack Power Density - New Data Center Reality
1.1.6.2 5G Services to Drive Exponential Growth in Data Centers
1.1.7 Surge in Investments toward Data Center Cooling Innovations
1.1.8 Data Center Power Consumption Scenario
1.1.9 Other Industrial Trends
1.1.9.1 HPC Cluster Developments
1.1.9.2 Blockchain Initiatives
1.1.9.3 Super Computing
1.1.9.4 Impact of Server/Rack Density
1.2 Supply Chain Overview
1.3 Research and Development Review
1.3.1 Patent Filing Trend (by Country and Company)
1.4 Regulatory Landscape
1.4.1 Regulations
1.4.2 Guidelines/Standards
1.5 Stakeholder Analysis
1.5.1 End User and Buying Criteria
1.6 Case Study
1.6.1 Immersion Cooling Technology
1.6.1.1 HYDRA Immersion Cooling: Revolutionizing Data Centre Efficiency and Sustainability
1.6.1.2 Advancing Thermal Efficiency: The Role of Liquid Immersion Cooling in Future Data Centers
1.6.1.3 Transforming Data Centers: Enhanced Efficiency with GRC’s CarnotJet System
1.6.1.4 Optimizing Immersion Phase-Change Cooling for Data Center Liquid Cooling Market
1.6.1.5 Revolutionizing Digital Payments with Liquid Cooling: A Sustainable Path to High-Performance Computing
1.6.1.6 Advancing Data Center Cooling Efficiency: KAORI and MIVOLT's Immersion Cooling Solution
1.6.1.7 Empowering Reliance Jio’s Mobile Edge Compute with Immersion Cooling
1.6.1.8 Driving Efficiency and Sustainability with Liquid Immersion Cooling
1.6.1.9 Advancing Data Center Sustainability with Two-Phase Immersion Cooling
1.7 Startup Landscape
1.8 Market Dynamics: Overview
1.8.1 Market Drivers
1.8.1.1 Increasing Data Center Spending
1.8.1.2 Growing Need for Hyperscale Data Centers
1.8.1.3 Reduction in Operational Costs
1.8.2 Market Restraints
1.8.2.1 High Investment Costs
1.8.2.2 Alternative Technologies Existing in the Market
1.8.3 Market Opportunities
1.8.3.1 Retrofitting Opportunities
1.8.3.2 Heat Repurposing from Liquid-Cooled Data Centers
1.8.3.3 Growth in Penetration Rate of Internet and Cloud Services
1.9 Data Center Dielectric Fluid Market Outlook
1.9.1 Selection Criteria for Dielectric Fluid for Data Center Immersion Cooling
1.9.2 Comparative Analysis for Different Liquid Cooling Technologies
1.9.3 Comparative Analysis for Dielectric Fluids
1.9.3.1 Rising Dielectric Fluid Usage Amid the Emergence of Liquid Cooling Trends
1.9.3.1.1 Comparison between Air and Liquid Cooling Technology
1.9.3.1.2 Green Innovation in Dielectric Fluids: Plant-Based Cooling Solutions for Data Centers and Crypto Mining Facilities
1.1 Impact of PFAS Ban on the Data Center Liquid Cooling Outlook
1.10.1 Advantages and Disadvantages of PFAS
1.11 Historical Analysis of Liquid Cooling Deployment across Data Centers, 2018-2023
1.12 New Data Center Trends toward Adoption of Liquid Cooling, 2024-2034
1.13 Impact of Rising Rack Density on Data Center Liquid Cooling
2 Regions
2.1 Regional Summary
2.2 Asia-Pacific
2.2.1 Regional Overview
2.2.2 Driving Factors for Market Growth
2.2.3 Factors Challenging the Market
2.2.4 Application
2.2.5 Product
2.2.6 Japan
2.2.6.1 Application
2.2.6.2 Product
2.2.7 Australia
2.2.7.1 Application
2.2.7.2 Product
2.2.8 South Korea
2.2.8.1 Application
2.2.8.2 Product
2.2.9 India
2.2.9.1 Application
2.2.9.2 Product
2.2.10 Singapore
2.2.10.1 Application
2.2.10.2 Product
2.2.11 Rest-of-Asia-Pacific
2.2.11.1 Application
2.2.11.2 Product
2.3 China
2.3.1 Regional Overview
2.3.2 Driving Factors for Market Growth
2.3.3 Factors Challenging the Market
2.3.4 Application
2.3.5 Product
3 Competitive Benchmarking & Company Profiles
3.1 Strategic Initiatives, 2020-2024
3.2 Market Share
3.2.1 Share of Strategic Initiatives, 2020-2024
3.3 Company Profiles
3.3.1 PEZY Computing Inc.
3.3.1.1 Overview
3.3.1.2 Top Products/Product Portfolio
3.3.1.3 Top Competitors
3.3.1.4 Target Customers
3.3.1.5 Key Personnel
3.3.1.6 Analyst View
3.3.1.7 Market Share
3.3.2 Firmus Technologies Pty Ltd
3.3.2.1 Overview
3.3.2.2 Top Products/Product Portfolio
3.3.2.3 Top Competitors
3.3.2.4 Target Customers
3.3.2.5 Key Personnel
3.3.2.6 Analyst View
3.3.3 Shenzhen MicroBT Electronics Technology Co., Ltd
3.3.3.1 Overview
3.3.3.2 Top Products/Product Portfolio
3.3.3.3 Top Competitors
3.3.3.4 Target Customers
3.3.3.5 Key Personnel
3.3.3.6 Analyst View
3.3.4 Sunonwealth Electric Machine Industry Co., Ltd.
3.3.4.1 Overview
3.3.4.2 Top Products/Product Portfolio
3.3.4.3 Top Competitors
3.3.4.4 Target Customers
3.3.4.5 Key Personnel
3.3.4.6 Analyst View
3.3.5 WERNER FINLEY
3.3.5.1 Overview
3.3.5.2 Top Products/Product Portfolio
3.3.5.3 Top Competitors
3.3.5.4 Target Customers
3.3.5.5 Key Personnel
3.3.5.6 Analyst View
3.3.6 FogHashing
3.3.6.1 Overview
3.3.6.2 Top Products/Product Portfolio
3.3.6.3 Top Competitors
3.3.6.4 Target Customers
3.3.6.5 Key Personnel
3.3.6.6 Analyst View
4 Research Methodology
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.1.3 Data Triangulation
4.2 Market Estimation and Forecast
List of Figures
Figure 1: Asia-Pacific Data Center Liquid Cooling Market (by End-Use Industry), $Million, 2023, 2027, and 2034
Figure 2: Asia-Pacific Data Center Liquid Cooling Market (by Data Center), $Million, 2023, 2027, and 2034
Figure 3: Asia-Pacific Data Center Liquid Cooling Market (by Solution), $Million, 2023, 2027, and 2034
Figure 4: Relative Change in Data Center Energy Use Drivers
Figure 5: Companies Using Renewable Sources of Energy, 2021
Figure 6: Estimated Share of Worldwide 5G Adoption (Excluding IoT)
Figure 7: Anticipated Energy Consumption (by Data Center), TWh, 2023
Figure 8: Power Flows in a Typical Data Center
Figure 9: Supply Chain and Risks within the Supply Chain
Figure 10: Patent Filed (by Country), January 2021-December 2024
Figure 11: Patent Filed (by Company), January 2021-December 2024
Figure 12: Information Technology (IT) Spending on Data Centers, $Billion, 2012-2023
Figure 13: Estimated World Population and Number of Smart Devices Using Internet, 2020-2025
Figure 14: Historical Analysis: Estimated Number of Liquid Cooling Deployed Data Centers Globally, 2018-2023
Figure 15: Future Market Analysis: Estimated Share of Liquid Cooling Deployment in Data Centers with AI Workload Impact, 2024-2034
Figure 16: Average Data Center Rack Density (kW/Rack), 2013-2025
Figure 17: Evolution of Rising Thermal Demands of Data Center Chips
Figure 18: Japan Data Center Liquid Cooling Market, $Million, 2023-2034
Figure 19: Australia Data Center Liquid Cooling Market, $Million, 2023-2034
Figure 20: South Korea Data Center Liquid Cooling Market, $Million, 2023-2034
Figure 21: India Data Center Liquid Cooling Market, $Million, 2023-2034
Figure 22: Singapore Data Center Liquid Cooling Market, $Million, 2023-2034
Figure 23: Rest-of-Asia-Pacific Data Center Liquid Cooling Market, $Million, 2023-2034
Figure 24: Data Triangulation
Figure 25: Top-Down and Bottom-Up Approach
Figure 26: Assumptions and Limitations
List of Tables
Table 1: Market Snapshot
Table 2: Data Center Liquid Cooling Market, Opportunities across Regions
Table 3: Recent Investments and Developments in Data Center Liquid Cooling Innovations
Table 4: Impact Analysis of Market Navigating Factors, 2023-2034
Table 5: Comprehensive Assessment of Different Types of Dielectric Fluids
Table 6: Comparison between Dielectric Fluids based on Physical Parameters
Table 7: Comparison of Rack Density in Conventional and AI Data Center Application
Table 8: Cooling Technology Used by Data Center Thermal Capacity
Table 9: Data Center Liquid Cooling Market (by Region), $Million, 2023-2034
Table 10: Asia-Pacific Data Center Liquid Cooling Market (by End-Use Industry), $Million, 2023-2034
Table 11: Asia-Pacific Data Center Liquid Cooling Market (by Data Center), $Million, 2023-2034
Table 12: Asia-Pacific Data Center Liquid Cooling Market (by Solution), $Million, 2023-2034
Table 13: Japan Data Center Liquid Cooling Market (by End-Use Industry), $Million, 2023-2034
Table 14: Japan Data Center Liquid Cooling Market (by Data Center), $Million, 2023-2034
Table 15: Japan Data Center Liquid Cooling Market (by Solution), $Million, 2023-2034
Table 16: Australia Data Center Liquid Cooling Market (by End-Use Industry), $Million, 2023-2034
Table 17: Australia Data Center Liquid Cooling Market (by Data Center), $Million, 2023-2034
Table 18: Australia Data Center Liquid Cooling Market (by Solution), $Million, 2023-2034
Table 19: South Korea Data Center Liquid Cooling Market (by End-Use Industry), $Million, 2023-2034
Table 20: South Korea Data Center Liquid Cooling Market (by Data Center), $Million, 2023-2034
Table 21: South Korea Data Center Liquid Cooling Market (by Solution), $Million, 2023-2034
Table 22: India Data Center Liquid Cooling Market (by End-Use Industry), $Million, 2023-2034
Table 23: India Data Center Liquid Cooling Market (by Data Center), $Million, 2023-2034
Table 24: India Data Center Liquid Cooling Market (by Solution), $Million, 2023-2034
Table 25: Singapore Data Center Liquid Cooling Market (by End-Use Industry), $Million, 2023-2034
Table 26: Singapore Data Center Liquid Cooling Market (by Data Center), $Million, 2023-2034
Table 27: Singapore Data Center Liquid Cooling Market (by Solution), $Million, 2023-2034
Table 28: Rest-of-Asia-Pacific Data Center Liquid Cooling Market (by End-Use Industry), $Million, 2023-2034
Table 29: Rest-of-Asia-Pacific Data Center Liquid Cooling Market (by Data Center), $Million, 2023-2034
Table 30: Rest-of-Asia-Pacific Data Center Liquid Cooling Market (by Solution), $Million, 2023-2034
Table 31: China Data Center Liquid Cooling Market (by End-Use Industry), $Million, 2023-2034
Table 32: China Data Center Liquid Cooling Market (by Data Center), $Million, 2023-2034
Table 33: China Data Center Liquid Cooling Market (by Solution), $Million, 2023-2034

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