Report Description Table of Contents The thermosiphon cooling market in 2023 was worth USD 1.5 billion and is expected to be worth USD 2.48 billion by 2030, expanding at a CAGR of 6.5% during the forecast period. The key factor driving the thermosiphon cooling market is the increasing demand for effective and non-electric cooling techniques, particularly for computer centers and various industries. At present, data centers consume approximately 1 % of the world’s electricity in 2023 with demand for cooling that requires efficiency. Thermosiphon systems are the most eco-friendly option, requiring no mechanical pumps and using up to 30% less energy compared to other cooling systems. One of the latest trends is the use of thermosiphon cooling systems in enterprise-level large-scale data centers; for instance, Google uses them in its data centers as they deliver increased energy efficiency and, consequently, lower costs. This trend is evident in the market as it emphasizes cutting the costs of cooling procedures to the environment. The thermosiphon cooling market shares promising prospects in the continuously growing renewable energy industry and solar and battery thermal power stations. The total global renewable power capacity crossed 3,000 GW in 2023, which shows an increasing need for better thermal control. This cooling system is suitable for solar power plants as it is necessary to maintain appropriate temperatures of thermal energy storage. A recent example is the use of thermosiphon cooling in battery energy storage systems to address safety concerns and system life. This approach has gained more popularity, particularly with the increased utilization of electric vehicles and grid storage, which require passive and reliable cooling systems. Market Segmentation Type: Closed-Loop Thermosiphon Open-Loop Thermosiphon Application: Data Centers Solar Thermal Systems Battery Energy Storage Systems Industrial Equipment HVAC Systems Electronics Cooling Refrigeration Systems End User: Residential Commercial Industrial Utility (Renewable Energy Facilities) By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA Currently, the European region dominates the market of thermosiphon cooling systems due to its stringent anti-pollution laws and its policy concerning energy efficiency. As of 2023, over 35% of the market belonged to Europe, with Germany and the Nordic countries utilizing the thermosiphon system in data centers and renewable energy sources. For example, several Scandinavian data centers emphasizing sustainability measures have adopted thermosiphon cooling for power preservation and lower emissions. A recent development includes using thermosiphon cooling in European solar thermal power plants to enhance heat exchange efficiency, aligning with the region's aggressive renewable energy targets and commitment to reducing greenhouse gas emissions. Key Players Danfoss Alfa Laval Modine Manufacturing Company Rittal GmbH & Co. KG Schneider Electric Thermocoax Vertiv Group Corp. Mitsubishi Electric Corporation Aavid Thermalloy LLC CoolIT Systems Frequently Asked Question About This Report . Table of Contents 1. THERMOSIPHON COOLING MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. THERMOSIPHON COOLING MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – THERMOSIPHON COOLING MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Type and End Use Outlook Analysis 4. HISTORIC TRENDS IN THERMOSIPHON COOLING MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA THERMOSIPHON COOLING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America Thermosiphon Cooling Historical Market ($MILLION), (2017 – 2023) 6.2. North America Thermosiphon Cooling Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 6.3.1. Closed-Loop Thermosiphon 6.3.2. Open-Loop Thermosiphon 6.4. North America Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.4.1. Data Centers 6.4.2. Solar Thermal Systems 6.4.3. Battery Energy Storage Systems 6.4.4. Industrial Equipment 6.4.5. HVAC Systems 6.4.6. Electronics Cooling 6.4.7. Refrigeration Systems 6.5. North America Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use 6.5.1. Residential 6.5.2. Commercial 6.5.3. Industrial 6.5.4. Utility (Renewable Energy Facilities) 6.6. North America Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.6.1. USA 6.6.2. Canada 6.6.3. Rest of North America 7. USA THERMOSIPHON COOLING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE THERMOSIPHON COOLING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe Thermosiphon Cooling Historical Market ($MILLION), (2017 – 2023) 8.2. Europe Thermosiphon Cooling Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 8.4. Europe Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.5. Europe Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use 8.6. Europe Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.6.1. Germany 8.6.2. France 8.6.3. UK 8.6.4. Italy 8.6.5. Spain 8.6.6. Rest of Europe 9. APAC THERMOSIPHON COOLING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC Thermosiphon Cooling Historical Market ($MILLION), (2017 – 2023) 9.2. APAC Thermosiphon Cooling Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 9.4. APAC Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.5. APAC Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use 9.6. APAC Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.6.1. China 9.6.2. Japan 9.6.3. South Korea 9.6.4. India 9.6.5. Australia 9.6.6. Rest of APAC 10. LATIN AMERICA THERMOSIPHON COOLING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America Thermosiphon Cooling Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America Thermosiphon Cooling Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 10.4. Latin America Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.5. Latin America Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use 10.6. Latin America Thermosiphon Cooling Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.6.1. Brazil 10.6.2. Argentina 10.6.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. Danfoss 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. Alfa Laval 11.3. Modine Manufacturing Company 11.4. Rittal GmbH & Co. KG 11.5. Schneider Electric 11.6. Thermocoax 11.7. Vertiv Group Corp. 11.8. OTHER MARKET PLAYERS