What Factors Propelled The Growth Of The Liquid Cooling Systems Market In The Past?
The liquid cooling systems market has seen considerable growth due to a variety of factors.
• The market for liquid cooling systems has seen rapid expansion in the past few years. The market value is projected to increase from $5.99 billion in 2024 to $7.15 billion in 2025, reflecting a compound annual growth rate (CAGR) of 19.3%.
This growth during the historic period is primarily due to the robust economic development in emerging markets, expansion in the manufacturing sector, higher demand for electric vehicles, and a surge in need for high-performance computing (HPC) systems.
How Will the Liquid Cooling Systems Market Size Evolve over the Forecast Period?
The liquid cooling systems market is expected to maintain its strong growth trajectory in upcoming years.
• There is an anticipated high surge in the size of the liquid cooling systems market in the coming years. The market size is projected to escalate to $15.26 billion by 2029, expanding at a compound annual growth rate (CAGR) of 20.9%.
This anticipated growth during the forecast period can be linked to the inauguration of new data centers, increased demand from smartphone manufacturers, policy initiatives from governments, and growing urbanization. Notable trends for the forecast period encompass a keen emphasis on direct water-cooling technology, incorporation of 3D technology, a heightened concentration on autonomous liquid cooling systems, investment in product launches, and strategic alliances and collaborations.
What Are The Leading Drivers Of Growth In The Liquid Cooling Systems Market?
The appearance of novel data centers is an influential factor likely to bolster the liquid cooling systems market's progression in the upcoming years. Data centers serve an essential function in preserving, managing, and handling enormous data volumes as the push for digital transformation and the need for cloud computing services continue to mount. Nonetheless, these data centers produce extensive heat due to high-powered servers and networking apparatus, requiring effective cooling methods. Liquid cooling systems offer a solution for these data centers, as they can manage high-power densities and deliver superior heat dissemination. McKinsey, a universally known management consulting company, estimates that data center power consumption (indicating the server capacity of a data center) in the USA is anticipated to increase by 10% annually until 2030. There's also an anticipated demand to touch 35 GW by 2030, from a substantial 17 GW in 2022. Consequently, the rise of new data centers is projected to propel the liquid cooling systems market in the foreseeable future.
What Key Areas Define The Segmentation Of The Global Liquid Cooling Systems Market?
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
Subsegments:
1) By Liquid Heat Exchanger Systems: Plate Heat Exchangers, Shell and Tube Heat Exchangers, Fin Fan Coolers
2) By Compressor-Based Systems: Chiller Systems, Refrigerant-Based Liquid Cooling Systems, Heat Pump Systems
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How Are Emerging Trends Reshaping The Dynamics Of The Liquid Cooling Systems Market?
Innovation in technology has been recognized as a leading trend influencing the liquid cooling system market. Key market players are adopting cutting-edge technologies in an effort to maintain their hold in the liquid cooling system sector. For instance, in February 2022, Honeywell, a company based in the US known for its performance materials and technology, introduced Solstice E-Cooling. This revolutionary platform of liquid heat transfer agents outperforms conventional cooling methods such as air and water in terms of efficiently cooling high-end electronics. This novel cooling solution for electronics and data centers employs two-phase liquid cooling technology that cools electrical applications while causing minimal environmental damage. Solstice E-Cooling delivers even and energy-saving cooling, more efficient heat dispersion, and reduced pumping power.
Who Are the Key Players in the Liquid Cooling Systems Market?
Major companies operating in the liquid cooling systems market include:
• 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
What Is The Most Dominant Region In The Liquid Cooling Systems Market?
North America was the largest region in the liquid cooling systems market in 2024. The regions covered in the liquid cooling systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
