Power Electronics Equipment Cooling System Market is Expected to grow at a robust CAGR of 7.74% through 2030F
The increasing global Power Electronics
Equipment Cooling System market is driven by Shift Toward Liquid and Immersion
Cooling, Growing Integration of Smart Monitoring and IoT in Cooling Systems
during the forecast period 2026-2030F.
According to TechSci Research report, “Power Electronics Equipment Cooling
System Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2020-2030F”, The Global Power Electronics
Equipment Cooling System Market was valued at USD 5.63 Billion in 2024 and is
expected to reach USD 8.89 Billion by 2030 with a CAGR of 7.74% during the
forecast period. A dominant trend in the market is the transition from
traditional air-based systems toward liquid and immersion cooling. As power
densities rise, air cooling struggles to dissipate heat effectively, leading to
greater adoption of liquid cold plates, direct-to-chip cooling, and full
immersion systems. Immersion cooling is especially gaining traction in
high-performance data centers and AI workloads, offering energy savings of up
to 40–50% and reducing floor space requirements by nearly two-thirds compared
to air systems. Dielectric fluids are evolving rapidly, with two-phase fluids
enabling more efficient heat transfer. The ability of liquid cooling to support
rack densities above 100 kW, compared to less than 20 kW with air, underscores
its importance. Adoption is also spreading in electric vehicle powertrains and
renewable energy systems, where compact, high-performance cooling is critical.
This trend marks a paradigm shift, as liquid and immersion cooling transition
from niche solutions to mainstream deployments across multiple industries.
Another significant trend is the
integration of IoT and AI-driven monitoring into cooling solutions. Modern
systems are being equipped with smart sensors that continuously track
temperature, pressure, flow rates, and coolant condition. These sensors enable
predictive maintenance, reducing unplanned downtime by as much as 30–40%. AI
algorithms can dynamically adjust cooling loads, cutting energy use by up to
25% in real time. Additionally, remote monitoring capabilities allow operators
to oversee multiple facilities simultaneously, improving efficiency and
scalability. Smart cooling systems are becoming particularly vital in data
centers, where automated load balancing ensures consistent performance during
peak demand. As industries move toward digital twins and Industry 4.0 adoption,
smart-enabled cooling solutions are emerging as integral components of
intelligent infrastructure. This trend not only enhances efficiency but also
reduces lifecycle costs, giving companies stronger returns on investment.
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Power Electronics Equipment Cooling System Market"
Based on Cooling Type, Hybrid
Cooling Systems is the fastest growing segment in the global Power Electronics
Equipment Cooling System market during the forecast period, driven by the
increasing demand for highly efficient thermal management solutions across
diverse applications. Unlike standalone air or liquid cooling, hybrid systems
integrate the benefits of both technologies, enabling superior heat dissipation
and operational flexibility. This is particularly crucial in high-performance
environments such as renewable energy plants, data centers, industrial
automation, and electric mobility infrastructure, where equipment often
operates under fluctuating loads and extreme conditions.
The rising complexity of power electronics, including
silicon carbide (SiC) and gallium nitride (GaN) devices, requires advanced
cooling methods that balance efficiency, reliability, and cost-effectiveness.
Hybrid cooling systems are well-positioned to address these needs by offering
scalability and adaptability to varying power ranges, from medium to high-power
applications. Their ability to maintain optimal temperature levels improves
system lifespan, performance consistency, and energy efficiency, aligning with
global sustainability and green energy goals.
Additionally, industries are increasingly focused on
reducing downtime and operational risks, making hybrid cooling a preferred
choice due to its redundancy and resilience. While the initial investment in
hybrid systems is higher, long-term benefits such as reduced energy losses,
lower maintenance costs, and enhanced device reliability justify adoption.
Growing investment in smart grids, electric vehicle charging infrastructure,
and industrial digitization further fuels demand. Consequently, hybrid cooling systems
are expected to capture significant market share as end-users prioritize
high-efficiency, future-ready cooling technologies.
Based on region, Asia Pacific is the
fastest growing region in the Global Power Electronics Equipment Cooling System
Market during the forecast period propelled by rapid industrialization, strong
government initiatives, and significant investments in renewable energy,
electric mobility, and digital infrastructure. Countries such as China, Japan,
South Korea, and India are at the forefront of power electronics adoption,
creating robust demand for advanced cooling technologies. The exponential rise
of electric vehicles and battery manufacturing in China and India is driving
the need for high-performance cooling solutions to support EV charging
stations, onboard electronics, and power conversion systems. Simultaneously,
the expansion of renewable energy projects, including large-scale solar and
wind farms across the region, increases reliance on power inverters and
converters that demand efficient thermal management. This positions cooling
system providers to capitalize on growing demand.
Asia Pacific is also witnessing significant data
center development, particularly in India, Singapore, and China, fueled by
cloud computing, digitalization, and AI adoption. Data centers require highly
efficient cooling to ensure performance reliability, further accelerating
hybrid and liquid cooling adoption. Additionally, government-backed initiatives
such as India’s “Make in India” and China’s focus on semiconductor
self-sufficiency amplify regional manufacturing capabilities in power
electronics, creating local demand for innovative cooling technologies. Moreover,
the region benefits from cost-effective manufacturing ecosystems and a large
pool of technology providers, making it a hub for cooling system innovation.
With sustainability and energy efficiency becoming central to policy and
corporate strategies, Asia Pacific is set to lead in the adoption of
next-generation cooling solutions. These factors collectively make the region
the fastest-growing and most dynamic market for power electronics cooling systems
during the forecast period.
Key market players in the Global Power
Electronics Equipment Cooling System market are: -
- Vertiv Holdings Co.
- Aavid Thermalloy, LLC
- Advanced Cooling Technologies, Inc.
- Boyd Corporation
- Lytron Inc.
- Laird Thermal Systems
- Rittal GmbH & Co. KG
- Schneider Electric SE
- Johnson Controls International plc
- Noren Products Inc.
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“Opportunities in the global power electronics
equipment cooling system market lie in the rapid adoption of electric vehicles,
renewable energy integration, and data center expansion. Growing use of
high-power semiconductors like SiC and GaN increases demand for advanced
cooling solutions. Hybrid cooling technologies, offering efficiency and
scalability, present significant growth potential. Government-backed
initiatives promoting clean energy and domestic semiconductor manufacturing
further enhance prospects. Additionally, emerging economies in Asia Pacific and
the Middle East are investing in digital and energy infrastructure, creating
lucrative opportunities for cooling system providers to deliver innovative,
cost-effective, and sustainable thermal management solutions.Top
of Form” said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global
management consulting firm.
“Power
Electronics Equipment Cooling System Market - Global Industry Size, Share,
Trends, Opportunity, and Forecast, Segmented By Cooling Type (Air Cooling,
Liquid Cooling, Hybrid Cooling Systems), By Power Rating (Low Power (Below 500
kW), Medium Power (500 kW – 5 MW), High Power (Above 5 MW)), By Application
(Automotive, Energy & Power, IT & Telecom, Industrial Manufacturing,
Consumer Electronics, Others), By Region, and By Competition, 2020-2030F,” has evaluated the future
growth potential of Global Power Electronics Equipment Cooling System Market
and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Power Electronics
Equipment Cooling System Market.
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