Categories: Healthcare

The Liquid Cooling Systems Market

The Liquid Cooling Systems Global Market Report 2023 by The Business Research Company, provides liquid cooling systems market overview 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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According to The Business Research Company’s Liquid Cooling Systems Global Market Report 2023, the 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%.

The rise in demand for liquid cooling systems among smartphone manufacturers for thermal management is expected to propel the growth of the liquid cooling systems market going forward. A smartphone refers to a portable electronic gadget with a cellular network connection. The liquid cooling system in smartphones operates on the heat dissipation principle, a technology in which a heat pipe with the cooling liquid is already installed in the devices that converts the liquid inside it into vapor by absorbing the excess heat produced by the processor.

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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

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 report table of contents includes: