Press release
Overview of Segmentation, Market Dynamics, and Competitive Landscape in the Liquid Cooling Systems Market
Liquid Cooling Systems
Projected Market Size Trajectory for Liquid Cooling Systems Through 2029
The liquid cooling systems market is anticipated to grow substantially, reaching a valuation of $14.73 billion by 2029. This growth represents a compound annual growth rate (CAGR) of 20.3% during the forecast period. Factors contributing to this surge include the rise of new data centers, increasing demand from smartphone manufacturers, supportive government initiatives, and accelerating urbanization. Key trends influencing the market's evolution involve advances in direct water-cooling technology, the integration of 3D technology, an emphasis on self-contained liquid cooling solutions, along with a focus on new product launches and strategic partnerships.
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Top Companies Steering the Liquid Cooling Systems Industry
Several major corporations are pivotal players in the liquid cooling systems field, including Schneider Electric SE, Vertiv Holdings Co, Rittal GmbH & Co KG, Emerson Electric Co., and Boyd Corporation. Other important contributors are Asetek Inc, CoolIT Systems, Green Revolution Cooling Inc., Iceotope Technologies Limited, LiquidCool Solutions, Inc., Fujitsu, Antec Inc., Prime ABGB, Vedant Computers, and EK Water Blocks. The ecosystem also includes Thermaltake Technology Co., Ltd., FormulaMod, Bykski, ID-Cooling, Barrowch, Colorful Technology Company Limited, Stulz GmbH, XSPC, Phobya, Alphacool International GmbH, and Laird Thermal Systems, among others. These companies cover a wide span of expertise and offerings within the liquid cooling market.
Strategic Acquisitions Highlighting Industry Investment
In July 2023, the US-based investment firm Kohlberg Kravis Roberts & Co. L.P. (KKR) acquired CoolIT Systems for an undisclosed amount. This move aligns with KKR's commitment to investing in cutting-edge technology companies that specialize in advanced cooling solutions, particularly targeting data centers and high-performance computing sectors. CoolIT Systems, headquartered in Canada, delivers innovative liquid cooling systems tailored for demanding environments that require efficient thermal management.
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Technological Innovations Shaping Market Development
One of the prominent trends in this market is the rapid advancement of cooling technologies. Leading companies are actively developing new solutions to maintain a competitive edge. For example, in February 2022, Honeywell introduced Solstice E-Cooling, a revolutionary range of liquid heat transfer agents designed to outperform traditional air- and water-based cooling methods. This platform uses two-phase liquid cooling technology to address the needs of high-performance electronics and data centers, offering more consistent and energy-efficient cooling, enhanced heat dissipation, and reduced pumping requirements while minimizing environmental impact.
Detailed Segmentation of the Liquid Cooling Systems Market
The global liquid cooling systems market is segmented into several key categories:
1) By Type, including Liquid Heat Exchanger Systems and Compressor-Based Systems
2) By Component, consisting of Solutions and Services
3) By End-Users, spanning BFSI (Banking, Financial Services, and Insurance), Manufacturing, IT and Telecom, Automotive, Retail, Government and Defense, Healare, Energy, and other sectors.
Further subsegments break down as follows:
- Liquid Heat Exchanger Systems are divided into Plate Heat Exchangers, Shell and Tube Heat Exchangers, and Fin Fan Coolers
- Compressor-Based Systems comprise Chiller Systems, Refrigerant-Based Liquid Cooling Systems, and Heat Pump Systems
This classification helps in understanding the diverse applications and technologies driving the liquid cooling systems market forward.
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