This report provides a comprehensive analysis of the data center thermal management market, including five-year forecasts and vendor shares, using 2023 as a base year.
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Data Center Thermal Management Tracker – 2024
Data / 30 May 2024 / Shen Wang
Driven by the AI data center market surge, data center thermal management revenue came far beyond Omdia’s previous forecast and reach $7.7bn in 2023, at an annual growth of 26%, the liquid cooling market is nearly becoming a $1bn market. This revised version fixes some issues of vendor market positions, which may have made minor changes to the market sizing and forecast, as well as a market share error in 2020 caused by model transitions.
Data Center Thermal Management Presentation – 2024
Presentation / 24 Apr 2024 / Shen Wang
An interactive call where we cover big-picture events driving the data center thermal management market in the long-term, specific events that were interesting during the period, and recent report findings.
Data Center Thermal Management Tracker – 2023
Data / 15 Sep 2023 / Vladimir Galabov
Data center thermal management revenue came within $3 million of Omdia’s forecast at $6.1 billion in 2022, an annual growth of 17.6%. All market leaders provided input to Omdia directly.
Data Center Thermal Management & Sustainability Analyst Call - 2023
Presentation / 14 Aug 2023 / Vladimir Galabov
An interactive call where we cover big-picture events driving the data center thermal management market in the long-term, specific events that were interesting during the period, and recent report findings.
The Analyst Team

Shen Wang
Follow AnalystPrincipal Analyst, Data Center Power & Cooling Systems
Wang Shen is a principal analyst in Omdia, Informa Tech. He has been responsible for the consulting and custom studies in data center tech areas, and now he leads the data center physical infrastructure, thermal management, and sustainability research practice.
Prior to joining IHS Markit (Now as Omdia) in 2017, Wang Shen worked at eldoLED B.V. in the Netherlands as technical application manager on smart power electronic products. Before that, he developed smart conceptual electronic products at Philips Research in Eindhoven, he published technical papers on international journals, and hold several patents.
In the meantime, Shen was also a technical translator and reviewer for industrial publishing houses, and also a columnist for industry medias, he has successfully conducted many research cases, and often gives speeches at data center power & sustainability related conferences or seminars and quoted by industry medias.
Shen earned an MSc (Ir.) degree in Sustainable Energy Technology from Technische Universiteit Eindhoven and a BSc degree in Electric Engineering & Automation from Fudan University.
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