This report provides a comprehensive analysis of the data center thermal management market (including the liquid-cooling market). It also provides five-year forecasts and vendor shares using 2024 as a base year.
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Data Center Thermal Management Tracker – 2025
Data / 25 Jul 2025 / Shen Wang
This database provides a comprehensive analysis of the data center thermal management market, including five-year forecasts and vendor shares, using 2024 as a base year.
Data Center Thermal Management Market Analysis – 2024
Report / 13 Jun 2024 / Shen Wang
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.
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 – 2025
Presentation / 09 May 2025 / Shen Wang
Join us to explore sustainable data center practices & emerging tech shaping future operations. Get key market insights & strategic analysis of the evolving thermal management landscape.
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.
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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Jessica Nian
Follow AnalystSenior Analyst, Data Center Infrastructure
Jessica Nian is a member of Omdia’s Cloud and Data Center Team, where she focuses on the Physical Infrastructure sector, with major expertise in power and cooling markets. She analyzes key developments, future trends, growth drivers, and the competitive landscape within these critical infrastructure segments. Her current research specializations include the evolution of data center power systems and advanced cooling technologies supporting cloud and digital infrastructure.
Prior to her current role, Jessica contributed to Omdia’s Manufacturing Technology practice, covering areas including motion controls and automated guided vehicles (AGVs). Before joining Omdia, she served as a market research analyst at IHS Markit. Her earlier experience includes financial analysis at PwC. Jessica holds a degree in Banking and Finance from Monash University.
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