Vertiv makes a splash with notable liquid cooling shipments in 4Q 2023, capping off a record year of revenue growth for this market. #pressrelease

March 12, 2024

1 Min Read

REDWOOD CITY, Calif. – According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, Data Center Physical Infrastructure (DCPI) revenue growth continued to decelerate in 4Q 2023, but maintained double-digit year-over-year (Y/Y) growth. This capped off a record year of 16 percent revenue growth.

Additional highlights from the 4Q 2023 Data Center Physical Infrastructure Quarterly Report:

Eaton, Munters, and Mitsubishi Electric led all vendors in market share gains in 4Q 2023.

  • North America, Asia Pacific (excluding China), Europe, and the Middle East and Africa (EMEA) paced market growth in 4Q 2023 with double-digit growth rates. Caribbean and Latin American (CALA) revenues grew at a much lower rate, while the China market was the only region to decline.

  • A bifurcation in hardware sales became more prominent in 4Q 2023, with product growth such as single-phase UPS, IT racks and rack power distribution notably slowing. Larger system sales, such as Three-phase UPS, Thermal Management and Facility Power Distribution grew at much faster rates.

  • Looking ahead, we forecast worldwide DCPI market growth to moderate in the first half of 2024, but accelerate through the second half of the year as physical infrastructure deployments related to AI workloads increase.

Read the full press release here.


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