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).

Liquid Cooling System Market Size

Liquid Cooling System Market Insights

Global Liquid Cooling System Market size was valued at USD 6.5 billion in 2023 and is poised to grow from USD 6.9 billion in 2024 to USD 11.08 billion by 2032, growing at a CAGR of 6.1% during the forecast period (2025-2032).

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.

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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. 'Asetek Inc. (Denmark) ', 'Boyd Corporation (US) ', 'Emerson Electric Co. (US) ', 'Fujitsu (Japan) ', 'Green Revolution Cooling Inc. (US) ', 'Lytron Inc. (US) ', 'HUBER+SUHNER (Switzerland) ', 'MillerWelds (US) ', 'Koolance (US) ', 'Newegg (US) ', 'Parker NA (US) ', 'Rittal GmbH & Co (Germany) ', 'Schneider Electric SE (France) ', 'Watteredge (US) ', 'Delta Electronics, Inc. (Taiwan) ', 'Iceotope (UK) ', 'Chilldyne Inc. (US) ', 'ZutaCore (Israel)'

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.