Global Liquid Cooling System Market

Liquid Cooling System Market Size, Share, Growth Analysis, By Component(Solution (Direct Liquid Cooling, Indirect Liquid Cooling), Services (Design and Consulting, Installation and Deployment), By Type(Liquid Heat Exchanger Systems (Liquid-to-air-System, Liquid-to-liquid Systems), Compressor-based System), By Application(BFSI, manufacturing, IT and Telecom, Media and Entertainment), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45M2015 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 99 |Figures: 77

Liquid Cooling System Market Insights

Liquid Cooling System Market size was valued at around USD 2.04 billion in 2019 and is expected to reach a value of USD 4.61 billion by 2031, at a CAGR of 10.73 % over the forecast period (2024-2031).

The rising demand for liquid cooling systems from smartphone manufacturers, as well as the increasing need for thermal management, are boosting the liquid cooling system market forward. The smartphone is evolving into a minicomputer that generates a lot of heat. Air cooling systems take up far more space than liquid cooling systems. The increasing technological innovations in the technology sector will drive the growth of the market. The liquid cooling system has several applications, such as data centers, smartphones, and semiconductors, among others, that also keep driving the liquid cooling system market. The growing demand for liquid cooling processes from data centers is restricting the market's growth. On the other hand, substantial financial expenses for installation and maintenance are anticipated to impede the growth of the liquid cooling systems market over the forecast period.

The liquid cooling system is used to achieve higher server density than usual, that also propels the market forward. The rising popularity of immersion cooling systems contributes to the expansion of the market. Furthermore, the growing demand for portable liquid cooling systems propels the market forward. On the other hand, the costs of liquid cooling systems are high, which limits the market's growth. The availability of numerous alternatives restricts the growth of the liquid cooling system market. Moreover, technological advances open up numerous opportunities for the expansion of the liquid cooling system market.

US Liquid Cooling System Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 2.04 billion

Largest Segment

Solution

Fastest Growth

Solution

Growth Rate

10.73% CAGR

Global Liquid Cooling System Market ($ Bn)
Country Share for North America Region (%)

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Liquid Cooling System Market Segmental Analysis

Global Liquid Cooling System Market is segmented based on Component, Type, Application and region. Based on Component the Liquid Cooling System Market is segmented into Solution (Direct Liquid Cooling, Indirect Liquid Cooling), Services (Design and Consulting, Installation and Deployment, Support and Maintenance). Based on Type The Liquid Cooling System Market is segmented into Liquid Heat Exchanger Systems (Liquid-to-air-System, Liquid-to-liquid Systems), Compressor-based System. Based on Application the Liquid Cooling System Market is segmented into BFSI, manufacturing, IT and Telecom, Media and Entertainment, Healthcare, Government and Defense, Retail, Energy, Research and Academic, Others. Based on region the global Liquid Cooling System Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Liquid Cooling System Market Analysis by Component

The market is divided into two segments: services and solutions. Due to the increasing number of energy-efficient liquid cooling solutions, the solutions segment is expected to hold a significant market share during the forecast period. The growing number of data centers contributes to segment growth by increasing demand for efficient cooling solutions. The services category is projected to expand during the forecast period, owing to an increase in the number of data center liquid cooling service providers who install, deploy, support, maintain, and consult on cooling solutions.

Liquid Cooling System Market Analysis by Application

The IT & Telecom segment, based on enterprises, is anticipated to expand at a significant CAGR during the forecast period. In recent years, advanced technologies such as towers and blade servers have seen increased adoption in the IT and telecom industries. This was done specifically to meet the growing computational demand. Such advanced solutions directly increase data center energy requirements and, as a result, the operating temperature of components. Moreover, significant advances have been achieved in the fields of virtual and augmented reality, 5G networks, the Internet of Things, machine learning, and artificial intelligence. As a result, we can conclude that cooling solutions will be in high demand in the IT and telecoms industry sectors in the coming years.

Global Liquid Cooling System Market By Type, 2023 (%)

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Liquid Cooling System Market Regional Insights

Asia-Pacific dominated the global liquid cooling systems market, owing to increased demand for industrial cooling systems from both advanced and emerging countries. Furthermore, the region's growing population, urbanization, and rise in the manufacturing industry are increasing demand for industrial cooling systems from end-user industries, which will drive the region's liquid cooling systems market growth during the forecast period.

The North America liquid cooling system market is growing due to increased demand for these systems in various application industries such as data centers, automotive, and medical devices. As electronic devices become more powerful and generate more heat, the use of liquid cooling systems to dissipate heat generated by electronic components is becoming increasingly important. The data center industry is one of the largest consumers of liquid cooling systems because servers require efficient cooling to maintain optimal performance.

Global Liquid Cooling System Market By Region, 2024-2031
  • Largest
  • Fastest

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Liquid Cooling System Market Dynamics

Liquid Cooling System Market Drivers

Demand for high-performance computing is growing

  • The rise of big data and artificial intelligence has increased the demand for high-performance computing. Liquid cooling systems are an efficient way of dissipating heat generated by high-performance computing systems, allowing them to operate at peak performance while avoiding overheating.

Data Center Growth

  • As cloud computing and data-intensive applications have grown in popularity, so has the number of data centers. Because of their efficiency in dissipating heat generated by servers, liquid cooling systems are becoming increasingly popular in data centers.

Increased Adoption of Industrial Automation

  • The growing use of industrial automation is driving up demand for liquid cooling systems in manufacturing and other industrial applications. By maintaining optimal temperatures, liquid cooling systems can help improve the reliability and lifespan of industrial automation equipment.

Liquid Cooling System Market Restraints

High Initial Cost

  • When compared to traditional air-cooling systems, liquid cooling systems typically have a higher initial cost. Some businesses may struggle to justify the investment, particularly for smaller data centers or industrial applications.

Installation Complexity

  • When compared to traditional air-cooling systems, liquid cooling systems can be more difficult to install and maintain. This may necessitate highly specialized knowledge and expertise, which increases the total cost and time required for installation.

Requirements for Maintenance

  • To ensure optimum performance, liquid cooling systems must be serviced on a regular basis. This involves verifying coolant levels, changing filters, and inspecting for leaks. Failure to properly maintain the system can lead to reduced efficiency and system failure.

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Liquid Cooling System Market Competitive Landscape

In addition to these major players, the market has a number of new applicants, particularly in the data center and automotive industries. These companies are using reducing technologies and strategies to gain a foothold in the market and stay competitive with more established players. The market is also characterized by a high level of collaboration and partnership between many industry players. Many companies, for example, are cooperating with data center providers to develop customized liquid cooling solutions that can meet the unique requirements of individual data center environments.

Liquid Cooling System Market Top Player’s Company Profiles

  • Boyd Corporation, Lytron
  • Rittal GmbH & Co. KG
  • Asetek, Inc.
  • Schneider Electric
  • Midas Green Technologies
  • Allied-Control.com
  • CoolIT Systems
  • FUJITSU
  • Koolance, Inc.
  • Cooler Master Technology inc.
  • CORSAIR
  • Parker Hannifin Corp.
  • NZXT
  • Thermaltake Technology Co., Ltd.
  • EKWB d.o.o.
  • ENERMAX Technology Corporation
  • EVGA Corporation
  • Deepcool Industries Co., Ltd.
  • Alphacool International GmbHamong 

Liquid Cooling System Market Recent Developments

  • In July 2021, Rittal GmbH & Co. KG has introduced its new blue e+ Gen3 cooling unit line, which features improved energy efficiency and connectivity options.
  • In June 2021, Asetek announced the signing of a contract for the delivery of its RackCDU liquid cooling solution to a new data center customer in China.
  • In May 2021, Cool IT Systems Inc. recently announced a partnership with Hewlett Packard Enterprise (HPE) to provide liquid cooling solutions for HPE's Apollo Systems.

Liquid Cooling System Key Market Trends

  • As cloud computing and big data analytics become more popular, the demand for data centers is increasing rapidly. Liquid cooling systems are becoming more popular in data centers since they outperform traditional air-cooling systems in terms of heat dissipation and energy efficiency.
  • Immersion Cooling is gaining popularity as an alternative to traditional liquid cooling systems. Immersion cooling involves immersing electronics in a non-conductive liquid. When compared to traditional cooling methods, immersion cooling is more effective, generates less noise, and requires less floor space.
  • The use of liquid cooling systems is expanding beyond data centers and into industrial applications such as manufacturing and energy production. By keeping industrial equipment at optimal temperatures, liquid cooling systems can help improve its efficiency and lifespan.
  • The development of electric vehicles is driving demand for liquid cooling systems in automotive applications. Liquid cooling systems may help in the planning of heat generated by electric vehicle components such as batteries and motors, ensuring best performances and long life.

Liquid Cooling System Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global Liquid Cooling System market analysis, we found that increasing technological innovations in the technology sector will drive the growth of the market. The liquid cooling system has several applications, such as data centers, smartphones, and semiconductors, among others. The growing demand for liquid cooling processes from data centers is restricting market growth. On the other hand, substantial financial expenses for installation and maintenance are anticipated to impede the growth of the market over the forecast period. The rise of big data and artificial intelligence has increased the demand for high-performance computing. Liquid cooling systems are an efficient way of dissipating heat generated by high-performance computing systems, allowing them to operate at peak performance while avoiding overheating.

Report Metric Details
Market size value in 2023 USD 2.04 billion
Market size value in 2031 USD 4.61 billion
Growth Rate 10.73%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Solution (Direct Liquid Cooling, Indirect Liquid Cooling), Services (Design and Consulting, Installation and Deployment, Support and Maintenance)
  • Type
    • Liquid Heat Exchanger Systems (Liquid-to-air-System, Liquid-to-liquid Systems), Compressor-based System
  • Application
    • BFSI, manufacturing, IT and Telecom, Media and Entertainment, Healthcare, Government and Defense, Retail, Energy, Research and Academic, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Boyd Corporation, Lytron
  • Rittal GmbH & Co. KG
  • Asetek, Inc.
  • Schneider Electric
  • Midas Green Technologies
  • Allied-Control.com
  • CoolIT Systems
  • FUJITSU
  • Koolance, Inc.
  • Cooler Master Technology inc.
  • CORSAIR
  • Parker Hannifin Corp.
  • NZXT
  • Thermaltake Technology Co., Ltd.
  • EKWB d.o.o.
  • ENERMAX Technology Corporation
  • EVGA Corporation
  • Deepcool Industries Co., Ltd.
  • Alphacool International GmbHamong 
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Liquid Cooling System Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Liquid Cooling System Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Liquid Cooling System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Liquid Cooling System Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Liquid Cooling System Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Liquid Cooling System Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Liquid Cooling System Market size was valued at around USD 2.04 billion in 2019 and is expected to reach a value of USD 4.61 billion by 2031, at a CAGR of 10.73 % over the forecast period (2024-2031).

In addition to these major players, the market has a number of new applicants, particularly in the data center and automotive industries. These companies are using reducing technologies and strategies to gain a foothold in the market and stay competitive with more established players. The market is also characterized by a high level of collaboration and partnership between many industry players. Many companies, for example, are cooperating with data center providers to develop customized liquid cooling solutions that can meet the unique requirements of individual data center environments. 'Laird Thermal Systems', 'Boyd Corporation, Lytron', 'Rittal GmbH & Co. KG', 'Asetek, Inc.', 'Schneider Electric', 'Green Revolution Cooling', 'Midas Green Technologies', 'Allied-Control.com', 'CoolIT Systems', 'FUJITSU', 'Koolance, Inc.', 'Cooler Master Technology inc.', 'CORSAIR', 'Parker Hannifin Corp.', 'NZXT', 'Thermaltake Technology Co., Ltd.', 'EKWB d.o.o.', 'ENERMAX Technology Corporation', 'EVGA Corporation', 'Deepcool Industries Co., Ltd.', 'Alphacool International GmbHamong '

The rise of big data and artificial intelligence has increased the demand for high-performance computing. Liquid cooling systems are an efficient way of dissipating heat generated by high-performance computing systems, allowing them to operate at peak performance while avoiding overheating.

As cloud computing and big data analytics become more popular, the demand for data centers is increasing rapidly. Liquid cooling systems are becoming more popular in data centers since they outperform traditional air-cooling systems in terms of heat dissipation and energy efficiency.

Asia-Pacific dominated the liquid cooling systems market, owing to increased demand for industrial cooling systems from both advanced and emerging countries. Furthermore, the region's growing population, urbanization, and rise in the manufacturing industry are increasing demand for industrial cooling systems from end-user industries, which will drive the region's liquid cooling systems market growth during the forecast period.

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Global Liquid Cooling System Market

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