Technological innovations across the IT sector and the introduction of portable liquid cooling systems for in-build server rooms and industries with mild temperatures create new opportunities in the coming years. An increase in demand from gaming and IT industries and the generation of the massive volume of data in data centers drive the growth of the global liquid cooling systems market.
Key industry players – Allied Control Ltd., Rittal GmbH & Co. KG, Asetek, Inc., Boyd Corporation, Schneider Electric SE, Emerson Electric Co., CooIIT Systems, Inc., Laird Thermal Systems, Green Revolution Cooling Inc., and Midas Green Technologies LLC.
The global liquid cooling systems market generated $2.75 billion in 2020, and is estimated to reach $12.99 billion by 2030, witnessing a CAGR of 17.1% from 2021 to 2030.
The report offers detailed segmentation of the global liquid cooling systems market based on component, type, end-user, and region.
Based on region, North America held the highest share in 2020, contributing to nearly two-fifths of the total share, and is projected to continue its dominance by 2030. However, Asia-Pacific is estimated to portray the largest CAGR of 21.5% during the forecast period.
Based on end user, the IT & telecom segment contributed to the highest share in 2020, accounting for nearly one-third of the global liquid cooling systems market, and is expected to continue its leadership status in terms of revenue throughout the forecast period. However, the healthcare segment is projected to register the fastest CAGR of 24.3% from 2021 to 2030.
Download Sample Report (Get Full Insights in PDF – 360 Pages) at:
Based on component, the solution segment accounted for the highest share in 2020, holding around four-fifths of the total share, and is expected to maintain its lead position during the forecast period. However, the services segment is projected to manifest the largest CAGR of 19.5% from 2021 to 2030.
Impact of Covid-19 on Liquid Cooling Systems Market-
- Surge in demand for computer applications from residential and commercial sectors along with rise in demand for data center services led to the liquid cooling systems market growth during the Covid-19 pandemic.
- However, the demand for liquid cooling systems was reduced due to a decrease in spending by the manufacturing and automotive industries and shutdown of production facilities across the globe due to lockdown measures and unavailability of the workforce.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/13481
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.