Press release
Liquid Cooling Systems Market: A Swift Rise from $5.99B in 2024 to $15.26B in 2029 with Prominent CAGR & Emerging Trends
Liquid Cooling Systems Market Size
Exponential Growth & Major Drivers Steering Global Liquid Cooling Systems Market Surge.
What Is The Projected Market Size Of The Global Liquid Cooling Systems Market And Its Growth Rate?
• From $5.99 billion in 2024 to $7.15 billion in 2025, the liquid cooling systems market size is growing at a Compound Annual Growth Rate (CAGR) of 19.3%.
• This upward trajectory can be traced back to the robust economic growth in emerging markets, the burgeoning manufacturing sector, increased electric vehicle demand, and a surge in high-performance computing (HPC) systems.
• Forecasted to reach $15.26 billion in 2029 at a CAGR of 20.9%, the market size will continue to see exponential growth in the coming years.
• Factors spurring this growth include new data centre emergence, increased demand amongst smartphone manufacturers, government initiatives, and rising urbanisation.
What Is Driving The Growth In The Liquid Cooling Systems Market?
The emergence of new data centers is a significant driver for the growth of the liquid cooling systems market in the forecast period. The growing need for cloud computing services alongside digital transformation has made data centers a pivotal feature in storing, managing, and processing vast amounts of data. These data centers generate significant heat from high-performance servers and networking equipment, necessitating efficient cooling solutions. Liquid cooling systems offer superior heat dissipation and help data centers to handle high-power densities. According to McKinsey, a management consulting firm, in the USA, data center power consumption 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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Who Are the Key Players Driving Liquid Cooling Systems Market Growth?
• 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
[...]
What Are The Key Trends In The Liquid Cooling Systems Market?
• Focus on direct water-cooling technology
• Use of 3D technology
• Emphasis on self-contained liquid cooling systems
• Concentration on product launches
• Strategic partnerships and collaborations
What Are The Segments Of The Global Liquid Cooling Systems Market?
• By Type: Liquid Heat Exchanger Systems, Compressor-Based Systems
• By Component: Solution, Service
• By End-Users: BFSI, Manufacturing, IT And Telecom, Automotive, Retail, Government And Defense, Healthcare, Energy, Other End-Users
Which Region Leads The Liquid Cooling Systems Market?
North America held the largest market share in the liquid cooling systems market in 2024. The liquid cooling systems market report covers multiple regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Liquid Cooling Systems Market Global Market Report?
• Market Size Analysis: Analyze the Liquid Cooling Systems Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Liquid Cooling Systems Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Liquid Cooling Systems Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Liquid Cooling Systems Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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