What is the global market size of Liquid Cooling System Market?

Liquid Cooling System Market size was valued at around USD 2.04 billion in 2021 and is expected to reach a value of USD 4.61 billion by 2030, at a CAGR of 10.73 % over the forecast period (2022–2030).

Global Liquid Cooling System Market Size, Share, Growth Analysis, By Component(Solution (Direct Liquid Cooling, Indirect Liquid Cooling)), By Type(Liquid Heat Exchanger Systems (Liquid-to-air-System, Liquid-to-liquid Systems)), By Application(BFSI, manufacturing) - Industry Forecast 2024-2031

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

Global 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.

Global Liquid Cooling System Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

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 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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Liquid Cooling System Market Size, Share, Growth Analysis, By Component(Solution (Direct Liquid Cooling, Indirect Liquid Cooling)), By Type(Liquid Heat Exchanger Systems (Liquid-to-air-System, Liquid-to-liquid Systems)), By Application(BFSI, manufacturing) - Industry Forecast 2024-2031

Global Liquid Cooling System Market Dynamics

Global Liquid Cooling System Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Liquid Cooling System Market?

Who are the key vendors in the Global Liquid Cooling System Market?

What is the key driver of Global Liquid Cooling System Market?

What is the key market trend for Global Liquid Cooling System Market?

Which region accounted for the largest share in Global Liquid Cooling System Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300