Data Center Heat Exchangers Market to Reach USD 14.40 Billion by 2032, Growing at a CAGR of 11.1% — MarketsandMarkets™

Delray Beach, FL, Aug. 14, 2026 (GLOBE NEWSWIRE) -- The global Data Center Heat Exchangers Market is projected to grow from USD 7.67 billion in 2026 to USD 14.40 billion by 2032, at a CAGR of 11.1% during the forecast period. Growth is driven by the rapid expansion of AI and HPC workloads, rising rack power densities, accelerating adoption of liquid cooling, and continued investments in hyperscale and colocation data centers.

Get PDF Brochure — Market Data & Segmentation: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=147052541

Key Market Highlights

• Market Size (2026): USD 7.67 Billion
• Projected Market Value (2032): USD 14.40 Billion
• CAGR (2026–2032): 11.1%
• Largest Region: North America
• Fastest-Growing Region: North America
• Largest Heat Exchanger Type: Liquid-to-Liquid
• Fastest-Growing Heat Exchanger Type: Liquid-to-Air
• Leading Cooling Technology: Direct-to-Chip Cooling
• Largest Application: Server & IT Hardware Cooling
• Largest Data Center Type: Hyperscale Data Centers
• Key Players: Vertiv Group Corp., Schneider Electric, Alfa Laval, Rittal GmbH & Co. KG, STULZ GmbH, Airedale International Air Conditioning Ltd., CoolIT Systems Inc., Munters Group AB, Modine Manufacturing Company, Danfoss A/S, Kelvion Holding GmbH, Nortek Air Solutions LLC, and Eaton Corporation plc.

Why This Market Matters

AI and HPC workloads are pushing rack power densities beyond the capabilities of conventional air cooling. Heat exchangers are becoming critical for enabling efficient liquid cooling, maintaining equipment reliability, and supporting high-density computing.

Market Overview

The market is gaining momentum as data center operators adopt direct-to-chip, immersion, rear-door, and other liquid cooling architectures. Growing focus on energy efficiency, lower PUE, and sustainable infrastructure is further supporting demand.

Analyst Perspective

The increasing deployment of AI-ready data centers will accelerate demand for high-performance heat exchangers capable of managing extreme thermal loads while improving scalability and energy efficiency. Heat recovery and waste-heat reuse also present emerging opportunities.

Speak to Our Analyst — Get Custom Insights: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=147052541

Segment Analysis

• By Type: Liquid-to-liquid heat exchangers lead the market, supported by their extensive use in liquid cooling and CDU systems.
• By Cooling Technology: Direct-to-chip cooling is expected to dominate.
• By Application: Server & IT hardware cooling accounted for 54.3% of the market in 2025.
• By Data Center Type: Hyperscale data centers held a major share in 2025 and are expected to remain dominant.

Regional Analysis

North America is expected to account for the largest market share, supported by its concentration of hyperscale facilities and rapid AI infrastructure investments. The region is also projected to register a 10.9% CAGR during the forecast period.

Key Industry Trends

• Rapid adoption of liquid cooling for AI data centers
• Rising demand for direct-to-chip cooling
• Increasing deployment of liquid-to-liquid and plate heat exchangers
• Growing focus on energy efficiency and lower PUE
• Rising opportunities for heat recovery and waste-heat reuse

Competitive Landscape

The market is led by Vertiv, Schneider Electric, Alfa Laval, Rittal, and STULZ, which collectively held roughly half of the global market in 2025. Companies are focusing on product innovation, partnerships, acquisitions, and expansion of advanced thermal-management portfolios.

Related Reports

Data Center Chillers Market
Data Center Pumps Market

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook .

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/
Report Code: CH 10549 | Published: 02 July 2026 | Report Pages: 250 | Market Data Tables: 150 | Figures: 70