Press release
Liquid Cooling Systems Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Liquid Cooling Systems Market
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.
Market Overview -
Liquid cooling systems refer to a method used to lower the temperature of computer processor units (CPUs), and sometimes graphics processor units (GPUs). It is used to maintain the temperature of a computer system low by using water as a cooling medium.
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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.
Competitive Landscape -
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
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.
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Key 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 highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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