Press release
Liquid Cooling Systems Market to Hit New Heights: Market Analysis, Key Trends, and Competitive Landscape Insights Drive Strong Growth Outlook
Liquid Cooling Systems Market
Liquid Cooling Systems Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $12.86 billion In 2028 At A CAGR Of 20.6% :
The liquid cooling systems market size has grown exponentially in recent years. It will grow from $5.06 billion in 2023 to $6.08 billion in 2024 at a compound annual growth rate (CAGR) of 20.1%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growth in the manufacturing industry, increased demand for electric vehicles and the rise in demand for high-performance computing (hpc) systems.
The liquid cooling systems market size is expected to see exponential growth in the next few years. It will grow to $12.86 billion in 2028 at a compound annual growth rate (CAGR) of 20.6%. The growth in the forecast period can be attributed to the emergence of new data centers, the rise in demand among smartphone manufacturers, government initiatives and the rising urbanization. Major trends in the forecast period include focus on direct water-cooling technology, the use of 3d technology, focus on self-contained liquid cooling systems, focus on product launches and strategic partnerships and collaborations.
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Liquid Cooling Systems Market Major Segments
The liquid cooling systems market covered in this report is segmented -
1) By Type: Liquid Heat Exchanger Systems, Compressor-Based Systems
2) By Component: Solution, Service
3) By End-Users: BFSI (Banking, Financial Services, And Insurance), Manufacturing, IT And Telecom, Automotive, Retail, Government And Defense, Healthcare, Energy, Other End-Users
Key Driver - Impact Of Emerging Data Centers On Liquid Cooling Systems Market Growth
The emergence of new data centers is a significant driver that will support the growth of the liquid cooling systems market in the forecast period. As the digital transformation and demand for cloud computing services continue to surge, data centers play a pivotal role in storing, managing, and processing vast amounts of data. However, data centers generate substantial heat from high-performance servers and networking equipment, necessitating efficient cooling solutions. Liquid cooling systems help data centers to handle high-power densities and provide superior heat dissipation. According to McKinsey, a global management consulting firm, in the USA, data center power consumption (which reflects the number of servers a data center can house) is forecast to grow by 10% a year until 2030, and the demand is expected to reach 35 gigawatts (GW) by 2030, up from 17 GW in 2022. Therefore, the emergence of new data centers is expected to drive the liquid cooling systems market going forward.
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Prominent Trend - Impact Of Technological Advancements On Tthe Liquid Cooling Systems Market
Technological advancements have emerged as a key trend gaining popularity in the liquid cooling system market. 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.
Liquid Cooling Systems Market Players
Major companies operating in the liquid cooling systems market report are Schneider Electric SE, Vertiv Holdings Co, Rittal GmbH & Co KG, Emerson Electric Co., Boyd Corporation,Asetek Inc, CoolIT Systems, Green Revolution Cooling Inc., Iceotope Technologies Limited, LiquidCool Solutions, Inc., Fujitsu, Antec Inc., Prime ABGB, Vedant Computers, EK Water Blocks, Thermaltake Technology Co., Ltd., FormulaMod, Bykski, ID-Cooling, Barrowch,Colorful Technology Company Limited, Stulz GmbH, XSPC, Phobya, Alphacool International GmbH, Laird Thermal Systems, DCX Liquid Cooling Systems, Kelvion, Baltimore Aircoil Company, RSC Group, Silent-Aire, AAON Inc, BasX, Corsair, NZXT, Swiftech, EVGA, Ascenty, ODATA, Terabyte, ChipArt, ACECO TI, UOL Diveo S.A., Saudi Fan Industries, Daxtech IT Solutions, Emitac Data Systems, Prologix Distribution, Arabian Thermal Aire Industries Co. Ltd, Gulf Data Hub, Liquidstack, Submer
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Largest And Fastest Growing Region In The Market
North America was the largest region in the liquid cooling systems market in 2023. The regions covered in the liquid cooling systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Liquid Cooling Systems Market Report Structure
3. Liquid Cooling Systems Market Trends And Strategies
4. Liquid Cooling Systems Market - Macro Economic Scenario
5. Liquid Cooling Systems Market Size And Growth
…..
27. Liquid Cooling Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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