유럽의 GPU 냉각 솔루션 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the europe gPU cooling solutions market size is projected to be USD 1.67 billion in 2025, USD 1.98 billion in 2026, and reach USD 5.49 billion by 2031, growing at a CAGR of 22.6% from 2026 to 2031.

This report is Segmented by Cooling Technology (Air Cooling, Liquid Cooling (Direct-To-Chip), Immersion Cooling, and Hybrid Cooling), Cooling Level (Component-Level Cooling and Server / Rack-Level Cooling), Deployment (Hyperscale-Cloud, Enterprise, and Edge), GPU Power Density (Below 300W, 300W - 700W, and Above 700W), and Country. The Market Forecasts are Provided in Terms of Value (USD).

Europe GPU Cooling Solutions Market Trends and Insights

Accelerated AI Adoption Driving GPU Shipments

The Europe GPU Cooling Solutions market is moving from single-GPU procurement toward rack-scale AI systems, and that shift is changing cooling from a support feature into a core design choice. HPE's next-generation AI factory portfolio with NVIDIA includes liquid-cooled rack-scale systems built for very large models, which shows how advanced GPU deployments now depend on integrated thermal architecture from launch. Deutsche Telekom's Industrial AI Cloud in Munich, built around 10,000 Blackwell GPUs, shows how sovereign AI programs in Europe are already translating into immediate demand for high-density cooling infrastructure. As these systems scale, OEM-qualified cold plates, manifolds, and coolant delivery units become standard parts of the hardware stack in the Europe GPU Cooling Solutions market. That standardization should lower adoption friction for enterprise buyers over time because component qualification, servicing, and system familiarity improve as hyperscale deployments expand.

Stricter European Union Data-Center Efficiency Directives

The Europe GPU Cooling Solutions market is also being shaped by stricter disclosure rules around data center energy performance. The Energy Efficiency Directive requires data centers above 500 kW installed IT power to make energy performance data publicly available, and Delegated Regulation (EU) 2024/1364 sets the reporting framework for indicators such as PUE, water usage effectiveness, and heat reuse. Once operators must report these metrics every year, inefficient cooling choices become more visible to regulators, customers, and investors. That creates a stronger commercial case for liquid and hybrid systems, especially in facilities that can also monetize higher-grade waste heat. In practical terms, the Europe GPU Cooling Solutions market benefits because cooling upgrades now support both operational performance and compliance needs within the same investment cycle.

High Up-Front CAPEX for Facility Retrofits

The Europe GPU Cooling Solutions market still faces a clear cost barrier when operators try to convert older air-cooled halls into liquid-ready facilities. Brownfield upgrades often require structural reinforcement, new piping routes, revised fire suppression integration, and changes to aisle design, which makes the transition more complex than a simple equipment swap. That cost profile is especially difficult for enterprise buyers that do not have large internal thermal engineering teams or long capital approval windows. As a result, many operators are using rear-door heat exchangers and hybrid configurations as intermediate steps before moving to full liquid systems. This slows the pace of conversion in the Europe GPU Cooling Solutions market, even when the long-term operating economics of liquid cooling are more favorable.

Other drivers and restraints analyzed in the detailed report include:

1. Mainstream Liquid Cooling Adoption in Hyperscale Facilities
2. Rising Edge-AI Deployments in 5G Micro-Data Centers
3. Supply-Chain Risk for Fluorocarbon-Free Coolants

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Air cooling held 46.8% of the European GPU Cooling Solutions market share in 2025, supported by the large installed base of enterprise and colocation facilities built before GPU power density moved materially higher, while immersion cooling is projected to expand at the 24.12% pace through 2031. In the European GPU Cooling Solutions market, the installed base still matters because it preserves near-term demand for air systems while creating a predictable retrofit pipeline for liquid and hybrid suppliers. New greenfield AI deployments are moving in a different direction, with rack-scale GPU systems now being designed around liquid cooling from launch. Hybrid layouts are becoming the practical bridge between those two realities because they let operators protect older halls while preparing new GPU pods for higher thermal loads.

Immersion cooling is the fastest-growing technology segment in the Europe GPU Cooling Solutions market because it can manage rack densities that stretch beyond the comfortable operating range of standard air layouts. That shift is being supported by product-level innovation such as Alphacool's 2026 ES RTX 6000 Pro server-edition GPU cooler, which was engineered for dense rack environments. Submer also introduced an immersion-cooled AI inference reference design with 2CRSi and Eneos at OCP EMEA 2026, which points to a broader commercial ecosystem for immersion-based deployments. PFAS-related fluid uncertainty is still creating procurement caution for two-phase systems, but for now it is strengthening the position of single-phase solutions rather than stopping the Europe GPU Cooling Solutions market from moving toward liquid methods.

Server and rack-level cooling accounted for 59% share of the Europe GPU Cooling Solutions market size in 2025 and remained the main buying unit for new AI infrastructure. In the Europe GPU Cooling Solutions market, that dominance reflects a rack-first design model in which servers, manifolds, and coolant distribution units are qualified as one operating package. HPE's liquid-cooled NVL72 platforms show how thermal management is now embedded inside rack-scale procurement rather than added later as a facility accessory H. This keeps spending concentrated at the rack level even when the underlying parts are supplied by multiple vendors.

Component-level cooling still plays a meaningful role in the Europe GPU Cooling Solutions industry, especially in workstations, departmental HPC clusters, and custom GPU builds. Alphacool expanded that product space with new Core series GPU water coolers for NVIDIA RTX 5090 and 5080 cards in 2025, which shows that specialized component demand remains active. Over time, component-level demand is likely to narrow toward lower-power and specialized environments, while server and rack-level systems keep capturing the larger contracts in the Europe GPU Cooling Solutions market. That leaves the segment with a clear premium tier at rack scale and a more specialized tier at the component level.

List of Companies Covered in this Report:

1. Asetek A/S
2. CoolIT Systems Inc.
3. Noctua GmbH
4. EKWB d.o.o
5. Arctic GmbH
6. be quiet! (Listan GmbH)
7. Alphacool International GmbH
8. Schneider Electric SE
9. Vertiv Group Corp.
10. Nvidia Corporation
11. Dell Technologies Inc.
12. ASUS Tek Computer Inc.
13. Giga-byte Technology Co. Ltd.
14. Lenovo Group Ltd.
15. Hewlett Packard Enterprise Co.
16. Midas Immersion Cooling S.L.
17. Submer Technologies S.L.
18. Asperitas B.V.
19. Rittal GmbH and Co. KG
20. LiquidStack Inc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Accelerated AI Adoption Driving GPU Shipments
  • 4.2.2 Stricter European Union Data-Center Efficiency Directives
  • 4.2.3 Mainstream Liquid Cooling Adoption in Hyperscale Facilities
  • 4.2.4 Rising Edge-AI Deployments in 5G Micro-Data Centers
  • 4.2.5 Surging Venture Capital Into Immersion-Cooling Start-ups
  • 4.2.6 Heat-Reuse Contracts With District Heating Networks
• 4.3 Market Restraints
  • 4.3.1 High Up-Front CAPEX for Facility Retrofits
  • 4.3.2 Supply-Chain Risk for Fluorocarbon-Free Coolants
  • 4.3.3 Limited Skilled Labor for Coolant-System Maintenance
  • 4.3.4 Uncertain Standards for Direct-to-Chip Manifolds
• 4.4 Industry Value Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Impact of Macroeconomic Factors on the Market
• 4.8 Porter's Five Forces Analysis
  • 4.8.1 Threat of New Entrants
  • 4.8.2 Bargaining Power of Suppliers
  • 4.8.3 Bargaining Power of Buyers
  • 4.8.4 Threat of Substitutes
  • 4.8.5 Competitive Rivalry

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Cooling Technology
  • 5.1.1 Air Cooling
  • 5.1.2 Liquid Cooling (Direct-to-Chip)
  • 5.1.3 Immersion Cooling
  • 5.1.4 Hybrid Cooling
• 5.2 By Cooling Level
  • 5.2.1 Component-Level Cooling
  • 5.2.2 Server / Rack-Level Cooling
• 5.3 By Deployment
  • 5.3.1 Hyperscale / Cloud
  • 5.3.2 Enterprise
  • 5.3.3 Government and Research (HPC)
  • 5.3.4 Edge
• 5.4 By GPU Power Density
  • 5.4.1 Below 300W
  • 5.4.2 300W - 700W
  • 5.4.3 Above 700W
• 5.5 By Country
  • 5.5.1 Germany
  • 5.5.2 United Kingdom
  • 5.5.3 France
  • 5.5.4 Italy
  • 5.5.5 Rest of Europe

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (Includes Global Level Overview, Market Level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 Asetek A/S
  • 6.4.2 CoolIT Systems Inc.
  • 6.4.3 Noctua GmbH
  • 6.4.4 EKWB d.o.o
  • 6.4.5 Arctic GmbH
  • 6.4.6 be quiet! (Listan GmbH)
  • 6.4.7 Alphacool International GmbH
  • 6.4.8 Schneider Electric SE
  • 6.4.9 Vertiv Group Corp.
  • 6.4.10 Nvidia Corporation
  • 6.4.11 Dell Technologies Inc.
  • 6.4.12 ASUS Tek Computer Inc.
  • 6.4.13 Giga-byte Technology Co. Ltd.
  • 6.4.14 Lenovo Group Ltd.
  • 6.4.15 Hewlett Packard Enterprise Co.
  • 6.4.16 Midas Immersion Cooling S.L.
  • 6.4.17 Submer Technologies S.L.
  • 6.4.18 Asperitas B.V.
  • 6.4.19 Rittal GmbH and Co. KG
  • 6.4.20 LiquidStack Inc.

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment