Product ID: SQMIG45M2015
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 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.
Global Liquid Cooling System Market Report Snapshots
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