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Base Year
Historical Year
Forecast Year
The global liquid cooling systems market is expected to grow by USD 6.73 billion at a CAGR of 10.0% during the forecast period of 2024-2032. The market is further to reach a value of USD 15.9 billion in 2032.
Global Liquid Cooling Systems Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 6.73 |
Market Size 2032 | USD Billion | 15.9 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 10.0% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 10.8% |
CAGR 2024-2032 - Market by Country | India | 12.4% |
CAGR 2024-2032 - Market by Country | Brazil | 10.7% |
CAGR 2024-2032 - Market by Product Type | Compressor-based Systems (Recirculating Chillers) | 10.9% |
CAGR 2024-2032 - Market by End Use | Data Centre | 11.3% |
Market Share by Country 2023 | Italy | 3.4% |
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With the rapid technological advancements, smartphone manufacturers are transforming the products into pocket-fitting mini-computers. The increased penetration of the Internet of Things (IoT) and the rapid development of artificial intelligence (AI) technology are driving the growth of the liquid cooling systems market. Numerous industrial verticals such as food and drinks, healthcare, data centres, and telecommunications require control over liquid media for industrial activities within a specified temperature range, which is aiding the market growth.
With the increasing penetration of smartphones, especially in emerging economies, the demand for thermal management has increased, leading to increased incorporation of liquid cooling alternatives in smartphones, which is driving the market growth. Also, the increasing worries about thermal management in engineering applications such as nuclear reactors, industrial heat exchangers, micro equipment, and others, is a key trend in liquid cooling systems market where liquid cooling systems can play a crucial role. Further, a strategic collaboration by major players with technological giants, healthcare industries, and data centres to provide customisable solutions to the consumers is further aiding the market for liquid cooling systems globally.
As per the liquid cooling system market dynamics and trends, Microsoft announced that it is adopting direct-to-chip liquid cooling technology in July 2024. The company is also developing a new generation of data center designs for direct-to-chip cooling.
According to United States International Trade Commission, the United States leads the number of data centre, globally, with 33%, driven by its tech giants and robust infrastructure. As per the liquid cooling systems industry analysis, the UK follows with 6%, reflecting its status as a European tech hub with advanced digital infrastructure.
China and Germany each hold 5%, with China's rapid technological growth and Germany's strong industrial base contributing to their shares. Canada, Australia, France, Japan, and the Netherlands each have 3%, while Russia, Mexico, Brazil, and Italy each hold 2%, supported by their growing digital economies. The remaining 26% is distributed among other countries, indicating the global nature of data storage needs. This distribution highlights the economic and technological capabilities of these nations, with the US leading due to its infrastructure and demand for digital services and boosts the growth of the liquid cooling systems industry.
Meta Platforms (Facebook) owns the largest data center in the U.S., covering 4.6 million square feet in Prineville, Oregon, a city about 150 miles southeast of Portland. Northern Virginia is the largest data center market in the United States. This region includes Loudoun County (Ashburn, Sterling, Leesburg, Arcola), Prince William County (Manassas, Gainesville, Haymarket), and Fairfax County (Reston, Herndon, Chantilly, Vienna, McLean, Tysons), among others. The data centers in Northern Virginia are primarily powered by Dominion Energy, the largest electric utility in the area, with NOVEC (Northern Virginia Electric Cooperative) also being a significant power provider, which can further boost the liquid cooling systems industry revenue. Major cloud computing services operating in this region include Amazon Web Services (AWS), Microsoft Azure, Google Cloud, and Meta Platforms (Facebook).
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The liquid cooling systems industry is segmented on the basis of its product type, company size, and end-use. Based on its product, the market can be divided into:
CAGR 2024-2032 - Market by | Product Type |
Compressor-based Systems (Recirculating Chillers) | 10.9% |
Liquid Heat Exchanger Systems | XX% |
Based on its end-use, the industry can be segmented as:
CAGR 2024-2032 - Market by | End Use |
Data Centre | 11.3% |
Analytical Equipment | 10.7% |
Automotive | 10.3% |
Healthcare | XX% |
Industrial | XX% |
Telecommunication | XX% |
Military | XX% |
The EMR report looks into the regional liquid cooling system markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
CAGR 2024-2032 - Market by | Region |
Asia Pacific | 10.8% |
North America | 10.3% |
Europe | XX% |
Latin America | XX% |
Middle East and Africa | XX% |
CAGR 2024-2032 - Market by | Country |
India | 12.4% |
Brazil | 10.7% |
UK | 10.4% |
China | 10.3% |
USA | 10.2% |
Canada | XX% |
Germany | 9.4% |
France | XX% |
Italy | XX% |
Japan | XX% |
Australia | XX% |
Mexico | XX% |
Saudi Arabia | 9.3% |
2023 Market Share by | Country |
Italy | 3.4% |
USA | XX% |
Canada | XX% |
UK | XX% |
The report presents a detailed analysis of the following key players in the global liquid cooling systems industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
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North America accounts for a major market share owing to the rapid electrification and urbanisation in the region which necessitates the demand for effective liquid cooling solutions. Growing research and developmental efforts in developing high-end liquid cooling system is also expected to contribute to the market growth.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Liquid Cooling Systems Market Size
Liquid Cooling Systems Market Growth
Liquid Cooling Systems Market Trends
Liquid Cooling Systems Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global liquid cooling systems market is projected to grow at a CAGR of 10% between 2024 and 2032.
The market is being driven by the rising market ownership of smartphones, which drives the demand for thermal management.
The market growth can be associated with the rising use of thermal management in engineering applications, such as nuclear reactors and micro equipment, among others.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major product types of liquid cooling systems are liquid heat exchanger systems and compressor-based systems (recirculating chillers).
The significant end uses of liquid cooling systems include healthcare, analytical equipment, industrial, data centre, telecommunication, automotive, and military.
The major players in the industry are Laird Thermal Systems, Inc., Boyd Corporation, Rittal GmbH & Co. KG., Asetek, Inc., Schneider Electric, Green Revolution Cooling, Inc., and Midas Green Technologies LLC, among others.
The global liquid cooling systems market reached a value of USD 6.73 billion in 2023.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 15.9 billion by 2032.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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