Key Market Drivers and Applications:

Emerging technologies such as artificial intelligence (AI) and blockchain are spurring the adoption of advanced cooling solutions, providing ample opportunities for growth and innovation . The market dynamics are further influenced by the lack of standardization and the economic burden of transitioning from existing data center infrastructure. Nevertheless, the rapid advancement of this technology suggests a promising future for data center operations globally.

360Quadrants Evaluation Framework for Data Center Liquid Cooling Market  Startups

The 360 Startup/SMEs evaluation matrix provides a comprehensive company assessment of major start-ups and SMEs offering Data Center Liquid Cooling Market  Quadrant. It outlines key findings and analyzes how effectively each market vendor performs based on predefined competitive leadership mapping criteria. Vendor evaluations are conducted based on product footprint and market share/rank. Each category includes various criteria upon which the vendors are assessed. The top criteria for product footprint evaluation included by Component (Solutions, Services), Solution (Air Conditioning, Chilling Units, Cooling Towers, Economizer Systems,  Liquid Cooling Systems, Control Systems, Other Solutions), Services (Consulting, Installation & Deployment, Maintenance & Support), Data Centre Type (Mid-Sized Data Centers, Enterprise Data Centers, Large Data Centers), Type of Cooling (Room-Based Cooling, Row/Rack-Based Cooling), End-User Industry (BFSI, IT & Telecom, Research & Academic, Government & Defense, Retail, Energy, Manufacturing, Healthcare, Other End-Use Industries).

Startups/SME Companies in the Data Center Liquid Cooling Market Landscape

CoolIT Systems

CoolIT Systems is a well established developer of direct liquid cooling (DLC) solutions, offering a full stack from chip cold-plates to rack-level systems and data center CDUs. With strong partnerships including Dell, NVIDIA, and Gigabyte and sustainability credentials. CoolIT sits at the forefront of liquid cooling for high-density HPC and AI environments.

LiquidStack

LiquidStack is a pioneer in immersion cooling, developing both single‑phase and two‑phase tank systems that bypass traditional air cooling altogether. Their product suite, including rack‑scale and modular edge solutions, eliminates the need for chillers, IT fans, or air distribution systems. This breathes new life into cooling for computing setups by focusing on fluid heat absorption and modular deployment at various scales.

Condair Group

Condair  Group is a global leader in industrial humidification and evaporative cooling, delivering HVAC solutions widely used in data centers. Their systems regulate moisture to prevent static discharge and enhance evaporative cooling by integrating with free‑air strategies. Though their expertise supports thermal stability, they do not provide direct chip or immersion cooling they complement primary cooling systems with moisture management and air‑side enhancements.

TMGCore, Inc.

TMGCore, Inc. developed innovative immersion‑cooling platforms, including robotic systems for automated server swaps and compact integrated tanks. Their intellectual property was acquired by Modine in early 2024, embedding TMGCore’s immersion technology into Modine’s broader thermal‑management portfolio. This highlights TMGCore’s influence on next‑generation immersion and edge‑scale solutions, even though the company itself no longer operates independently.