Press release
Liquid Cooling Systems Market Size, Share, Trends, Industry Analysis and Global Forecast 2023-2032
Liquid Cooling Systems Market Report
The Business Research Company's Liquid Cooling Systems Global Market Report 2023 identifies the rise in demand for liquid cooling systems among smartphone manufacturers for thermal management as the major driver for the liquid cooling systems market's growth in the forecast period. A smartphone refers to a portable electronic gadget with a cellular network connection. The liquid cooling system in smartphones operates on the heat dissipation principle, a technology in which a heat pipe with the cooling liquid is already installed in the devices that converts the liquid inside it into vapor by absorbing the excess heat produced by the processor.
The global liquid cooling systems market size is expected to grow from $4.20 billion in 2022 to $5.03 billion in 2023 at a compound annual growth rate (CAGR) of 19.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global liquid cooling systems market is expected to grow to $10.35 billion in 2027 at a CAGR of 19.8%.
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Major competitors in the liquid cooling systems market are Schneider Electric SE, Boyd Corporation, Emerson Electric Co, Green Revolution Cooling Inc, CoolIT Systems.
A key trend in the liquid cooling systems market includes technological advancement. Major key players operating in the liquid cooling system market are developing advanced technologies to sustain their position in the liquid cooling system market. For instance, in February 2022, Honeywell, a US-based performance materials and technology company, launched Solstice E-Cooling, a ground-breaking platform of liquid heat transfer agents that efficiently and effectively cool high-performance electronics in comparison to conventional techniques that use air and water. The innovative cooling technology for electronics and data centers uses a two-phase liquid cooling technology to cool electrical applications while minimizing the impact on the environment. Solstice E-Cooling provides for more uniform and energy-efficient cooling, better heat rejection, and less pumping power.
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The liquid cooling systems market is segmented -
The global liquid cooling systems market is segmented -
•By Type: Liquid Heat Exchanger Systems, Compressor-based Systems,
•By Component: Solution, Services,
•By End User: BFSI, Manufacturing, IT and Telecom, Media and Entertainment, Retail, Government and Defense, Healthcare, Energy, Other End User
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the liquid cooling systems market.
The Business Research Company's "Global Liquid Cooling Systems Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Liquid Cooling Systems Market Include:
1. Executive Summary
2. Liquid Cooling Systems Market Characteristics
3. Liquid Cooling Systems Market Trends And Strategies
4. Liquid Cooling Systems Market - Macro Economic Scenario
5. Liquid Cooling Systems Market Size And Growth
……
26. Africa Liquid Cooling Systems Market
27. Liquid Cooling Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Liquid Cooling Systems Market
29. Liquid Cooling Systems Market Future Outlook and Potential Analysis
30. Appendix
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