The Liquid Cooling Systems Global Market Report 2023, provides comprehensive information on the liquid cooling systems market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Liquid Cooling Systems Global Market Report 2023, the global liquid cooling systems market size is expected to grow from $4.20 billion in 2022 to $5.03 billion in 2023 at a compound annual growth rate (CAGR) of 19.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global liquid cooling systems market is expected to grow to $10.35 billion in 2027 at a CAGR of 19.8%.
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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.
The liquid cooling systems market is segmented:
1) By Type: Liquid Heat Exchanger Systems, Compressor-based Systems,
2) By Component: Solution, Services,
3) By End User: BFSI, Manufacturing, IT and Telecom, Media and Entertainment, Retail, Government and Defense, Healthcare, Energy, Other End User
North America was the largest region in the liquid cooling systems market in 2022.
The table of contents in TBRC’s liquid cooling systems market report includes:
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Top 5 Major Key Players Are:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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