Wilmington, Delaware, United States, April 13, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. – An increase in the adoption of advanced thermal management systems in several applications, including e-mobility, data centers, and power plants, is expected to propel the thermosiphon cooling system market.
Surge in adoption of thermosiphon technology in industrial battery pack cooling applications is anticipated to augment market size. The global thermosiphon cooling system market was valued at US$ 1.6 Bn in 2022 and is projected to reach US$ 2.2 Bn by 2031-end.
A surge in demand for customized cooling systems in various industrial and commercial sectors is estimated to offer significant revenues to companies in the global thermosiphon cooling system industry. Companies are focusing on the development of novel thermosiphon technology to cater to the rise in demand for high-power cooling systems in the industrial sector.
An increase in adoption of thermosiphon cooling system in modern electronics, such as e-mobility applications, is likely to offer significant business opportunities to companies in the market.
Market Scope:
| Market Revenue | USD 1.6 Bn | |
| Estimated Value | USD 2.2 Bn | |
| Growth Rate - CAGR | 3.9% | |
| Forecast Period | 2023 - 2031 | |
| No. of Pages | 179 Pages | |
| Market Segmentation | By Type, Application, Tank Capacity, Design, Distribution Channel | |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, South America | |
To Remain Ahead of Your Competitors, Request a Sample:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85520
Key Findings of Study
- Rise in Demand for Sustainable Hybrid Cooling Systems: Rapid increase in trend of adopting sustainable thermal management systems is expected to augment the market. Surge in demand for sustainable hybrid cooling has bolstered thermosiphon technology applications and augmented the market value in the past few years.
The rise in adoption of thermosiphon system in battery pack cooling is expected to fuel thermosiphon cooling system market growth. Based on design, the vertical segment is projected to hold the leading share from 2023 to 2031. Rise in application of vertical design in novel cooling systems in industrial and commercial applications is expected to drive the segment. - Surge in Adoption of Thermosiphon Cooling System in Data Centers: Significant rate of installation of thermosiphon hybrid cooling system in high-performance data centers in many countries is anticipated to bolster the market.
Developed countries such as the U.S. are focusing on installing thermosiphon cooling system in data centers to reduce energy and water usage. Thermosiphon cooler hybrid system is energy-efficient and facilitates large on-site water savings. These benefits make the cooling system environmentally sustainable.
Key Drivers
- Rapid increase in demand for sustainable thermal management system in several industrial and commercial sectors is a key driver of the global thermosiphon cooling system market. Steady expansion of end-use industries, especially IT & telecommunication, semiconductor, and power, is anticipated to fuel market growth.
- Rise in investments in modern thermal management for high-power cooling applications in data centers is likely to propel the market. Increase in trend of preference for thermosiphon cooling technology in high-volume cooling in large corporations and institutions is estimated to offer significant business opportunities to market players
Share Your Precise Requirements for Customized Sample:
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=85520
Regional Growth Dynamics
- North America is projected to account for the leading market share from 2023 to 2031. The rise in demand for advanced and sustainable thermal management systems in the industrial sector is expected to propel the market in the region.
Growth in the application of thermosiphon cooling technology in data centers, telecommunication, and semiconductor industries in developed countries is likely to fuel market development in the next few years. A surge in demand for environmentally sustainable and advanced cooling systems in commercial applications in the U.S. and Canada is anticipated to bolster market growth in North America.
Competition Landscape
Manufacturers of thermosiphon cooling system are collaborating with companies in end-use industries to strengthen their market position. They are launching advanced thermosiphon cooling technologies in order to gain a competitive edge over others in the next few years.
Prominent companies operating in the thermosiphon cooling system market are
- Boyd Corporation,
- Johnson Controls,
- Advanced Cooling Technologies, Inc.,
- EagleBurgmann,
- Calysos SA,
- INTERTEC-Hess GmBH,
- Munters Corporation,
- Envicool, and Star Refrigeration Group.
Browse the Full Report with Facts and Figures of the Thermosiphon Cooling System Market:
https://www.transparencymarketresearch.com/checkout.php?rep_id=85520<ype=S
Thermosiphon Cooling System Market Segmentation
Type
- Direct
- Circular
- Design
- Vertical
- Horizontal
Tank Capacity
- Below 10 L
- 10 L – 25 L
- 26 L – 50 L
- Above 50 L
Application
- Battery Pack Cooling
- Cooling Silicone Pad
- E-mobility
- Data Centers
- Telecommunication
- Power Plants
- Others
Distribution Channel
- Direct Sales
- Indirect Sales
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
