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2021

Liquid Cooling Systems Market

Liquid Cooling Systems Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, Type and End User : Global Opportunity Analysis and Industry Forecast, 2021-2030

IC : Software and Services

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Author's: Pramod Borasi| Himanshu Jangra | Onkar Sumant
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Liquid Cooling Systems Market Statistics: 2030

The global liquid cooling systems market size was valued at $2.75 billion in 2020, and is projected to reach $12.99 billion by 2030, registering a CAGR of 17.1% from 2021 to 2030.

The liquid cooling systems market is expected to witness notable growth during the forecast period, owing to rise in demand for liquid cooling system from smartphone manufacturers, globally. Moreover, technological innovations across the IT sector are anticipated to offer remunerative opportunities for the expansion of the market analysis.

However, high maintenance cost associated with liquid cooling system is restraining the market growth. On the contrary, introduction of portable liquid cooling system for in-build server rooms and industries with mild temperature is expected to provide lucrative opportunity for growth of the liquid cooling systems market during the forecast period.

Liquid-Cooling-Systems-Market

Liquid cooling is an enhanced active thermal management system designed to utilize a pumped liquid to remove the thermal energy relished by electronic applications. A liquid cooling system exhibits higher thermal transfer efficiency as compared to traditional cooling methods, owing to its high-power modules. In addition, the liquid cooling mechanism provides efficient cooling solution and helps to reduce the noise generated by higher processor unites. Furthermore, the system requires a circulating pump and connect hoses to circulate the cooled liquid throughout electronic applications. 

The global liquid cooling systems market is still in its nascent stage; however, rise in demand for liquid cooling system from gaming and IT industries is expected to fuel the market growth in the coming years. Moreover, generation of massive volume of data is creating the need for enhanced liquid cooling system-based data centers, globally, which acts as a key driving force of the global market. 

Impact Of Covid-19

The emergence of COVID-19 has declined the growth rate of the liquid cooling systems market in 2020. Furthermore, the market during COVID-19 was primarily hit by several obstacles, including the availability of resources, skilled workforce, and project delays or cancellations. However, rise in demand from computer application from residential and commercial sector coupled with surge in demand for data center services boosted the market growth during COVID-19.

On the basis of type, the liquid heat exchanger systems segment dominated the liquid cooling systems market share in 2020, and is expected to maintain its dominance in the upcoming years owing to growing need of liquid heat exchanger among SMEs and large enterprises for to transfer heat from a liquid loop to another fluid stream and to maintain a particular temperature of the machine. However, the compressor-based systems segment is expected to witness highest growth rate in the upcoming years, owing to rise in adoption of the compressor-based liquid cooling system in the residential and commercial sector.

Increase in various initiatives by many prime organizations globally to boost the adoption of compressor-based liquid cooling systems for a more flexible and secured environment among the residential and retail sector.

Region wise, the liquid cooling systems market was dominated by North America in 2020, and is expected to retain its position during the forecast period. The major factors that drive the growth of the market in this region include presence of key players of the market and increase in artificial intelligence-based applications across prime industries is anticipated to propelling the extension of the market in coming years. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to rapid industrialization and urbanization in the Asia-Pacific region. 

Liquid Cooling Systems Market
By Offering
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Solution segment accounted for the highest market share in 2020

The liquid cooling systems market is segmented into component, type, and end user. On the basis of component, the market is fragmented into solution (direct liquid cooling and industrial liquid cooling) and services (design and consulting, installation & deployment, and support & maintenance). Depending on type, the market is segregated into liquid heat exchanger systems (liquid-to-air systems and liquid-to-liquid systems) and compressor-based systems. By end user, it is categorized into BFSI, manufacturing, IT & telecom, media & entertainment, retail, government & defense, healthcare, energy, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the liquid cooling system industry include Allied Control Ltd., Asetek, Inc., Rittal GmbH & Co. KG, Schneider Electric SE, Boyd Corporation, CooIIT Systems, Inc., Emerson Electric Co., Green Revolution Cooling Inc., Laird Thermal Systems, and Midas Green Technologies LLC. These players have adopted various strategies to increase their market penetration and strengthen their position in the liquid cooling system industry.

Liquid Cooling Systems Market
By Industry Vertical
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Healthcare segment is projected as one of the most lucrative segments.

Top Impacting Factors

Significant factors that impact growth of the global liquid cooling systems market trends include increase in technological innovations in IT industry coupled with rise in demand for liquid-based cooling system across data centers globally. However, high cost associated with liquid cooling-based application globe is acting as a major barrier for early adoption, which hampers growth of the market. On the contrary, rise in demand for liquid cooling among smartphone manufacturers for thermal management is anticipated to provide remunerative opportunities for expansion of the liquid cooling system industry during the forecast period.

Competition Analysis

Competitive analysis and profiles of the major players in liquid cooling system industry are Allied Control Ltd., Asetek, Inc., Rittal GmbH & Co. KG, Schneider Electric SE, Boyd Corporation, CooIIT Systems, Inc., Emerson Electric Co., Green Revolution Cooling Inc., Laird Thermal Systems, and Midas Green Technologies LLC are provided in this report. These players have adopted various strategies to increase their market penetration and strengthen their position in the liquid cooling system industry.

Liquid Cooling Systems Market
By Region
2030
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific would exhibit the highest CAGR of 21.5% during 2021-2030

Key Benefits for Stakeholders

  • This study comprises analytical depiction of the liquid cooling systems market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall liquid cooling systems market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current liquid cooling systems market forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
  • The report includes the market share of key vendors and liquid cooling systems market trends.

Liquid Cooling Systems Market Report Highlights

Aspects Details
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By Component
  • Solutions
    • Direct Liquid Cooling
    • Indirect Liquid Cooling
  • Services
    • Design and Consulting
    • Installation and Deployment
    • Support and Maintenance
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By Type
  • Liquid Heat Exchanger Systems
    • Liquid to air Systems
    • Liquid to Liquid Systems
  • Compressor-based Systems
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By End User
  • BFSI
  • Manufacturing
  • IT & Telecom
  • Media & Entertainment
  • Retail
  • Government & Defense
  • Healthcare
  • Energy
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

Boyd Corporation, Allied Control Ltd., Midas Green Technologies LLC, Laird Thermal Systems, Asetek, Inc., Cool IT Systems, Inc., Emerson Electric Co., Schneider Electric SE, Rittal GmbH & Co. KG, Green Revolution Cooling Inc.

Analyst Review

Liquid cooling is the most potential cooling solution used to keep computer or electronic applications and processor’s temperature low using liquids such as water as the cooling medium. Liquid cooling systems in enterprise data centers and IT infrastructure provide efficient cooling solutions to minimize the heat and noise generated by high processor speeds. However, due to the complex design, liquid cooling system is costlier than traditional cooling methods such as an air cooling system. Conversely, rise in demand for next-generation build-in servers farms across prime enterprises globally is expected to offer profitable opportunities for the liquid cooling systems market.

Rise in demand for high processor speed-based electronic applications across IT & telecom and government and defense industries is driving the need for next-generation to enhance cooling solutions such as water cooling systems. Moreover, prime vendors, such as NEX corporation, plan to develop next-generation liquid cooling solutions for various sectors such as aerospace, defense, and IT & telecom. For instance, on June 18, 2019, NEC Corporation announced to deliver and install a new direct-liquid cooled high-performance computing solution across the German aerospace center, which is anticipated to provide lucrative opportunities for market growth.

Globally, various key players are investing in liquid cooling systems to make them compatible with various industrial platforms. For instance, in 2021, Microsoft implemented what it calls the world’s first liquid cooling system for datacenters at a U.S. development facility for high-performance computing solutions. In addition, on December 10, 2019, Schneider Electric announced industries first Integrated rack with immersed, liquid-cooled IT for data centers. All these developments across liquid cooling systems showcase lucrative growth opportunities for the market growth. 

The key players profiled in the report include Allied Control Ltd., Asetek, Inc., Rittal GmbH & Co. KG, Schneider Electric SE, Boyd Corporation, CooIIT Systems, Inc., Emerson Electric Co., Green Revolution Cooling Inc., Laird Thermal Systems, and Midas Green Technologies LLC are provided in this report.

Author Name(s) : Pramod Borasi| Himanshu Jangra | Onkar Sumant

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Liquid Cooling Systems Market

Global Opportunity Analysis and Industry Forecast, 2021-2030