liquid cooling systems market is expected to witness market growth at a rate of 7.4% in the forecast period of 2021 to 2028 and is estimated to reach 34435.406 USD million by 2028.Liquid cooling systems are the collection of components responsible for maintaining the optimal temperature in various industrial equipments and computing systems.
This system involves the usage of a certain variety of liquid that is used to submerge the equipments, and this liquid is regulated with the help of a heat exchanger or circulator. These systems are highly effective in maintaining the temperature of the systems below the room air temperature, exhibiting greater effectiveness in comparison to other forms of cooling mechanisms.
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Major Market Competitors/Players
Few of the major competitors currently working in the global liquid cooling systems market are Laird Thermal Systems; Boyd Corporation; Lytron; Rittal GmbH & Co. KG; Asetek, Inc.; Schneider Electric; Green Revolution Cooling; Midas Green Technologies; Allied-Control.com; CoolIT Systems; FUJITSU; Koolance, Inc.; Cooler Master Technology inc.; CORSAIR; PARKER HANNIFIN CORP; NZXT; Thermaltake Technology Co., Ltd.; EKWB d.o.o.; ENERMAX Technology Corporation; EVGA Corporation; Deepcool Industries Co., Ltd., Alphacool International GmbH among others.
Segmentation: Global Liquid Cooling Systems Market
- By Type (Liquid Heat Exchanger Systems, Compressor-Based Systems)
- By End-Use Industry (Healthcare, Analytical Equipment, Industrial, Data Centers, Telecommunications, Automotive, Military)
- By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Competitive Analysis
Global liquid cooling systems market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of liquid cooling systems market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
- Rapid shift of consumers to adopt liquid cooling methods instead of air cooling due to the benefits that it offers over the latter; this factor is expected to boost the growth of the market
- Low infrastructural requirement and noise-reduction associated with these cooling systems is expected to fuel the market growth
- High awareness and popularity of this system is expected to propel the growth of the market
- Growing levels of data center construction activities throughout the Asia-Pacific and Middle East region is expected to have a positive impact on the growth of this market
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Market Restraints:
- Large financial costs associated with the installation and maintenance of these systems is expected to hinder the market growth
- Preference of consumers to avail substitute cooling systems will also restrict the is expected to restrict the growth of the market
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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