Immersion Cooling Market Industrial Analysis Applications, CAGR Growth, and in-depth Regional Research With Major Companies-forecast Till 2030
Immersion cooling helps in reducing the heat in hardware through submersion in a dielectric liquid that is thermally conductive. Immersion cooling is effective because it effectively consumes power, is inexpensive, and is technology friendly. The sales of the immersion cooling market are also driven by the rising adoption of electronics & smart appliances from various sectors such as schools, banks, and hospitals. The fastest growing digitalization offers dynamic demand for the immersion cooling industry worldwide.
According to the research report published by Polaris Market Research, the global immersion cooling market was valued at USD 189.7 million in 2021 and is expected to reach USD 990.6 million by 2030, to grow at a CAGR of 22.0% during the forecast period.
The impacts of COVID-19 on the various sectors of the global economy are significant. The data centres have seen an increase in demand because of the stay-home orders of the government. After that, most of the workforce and students work and learn from home worldwide. All the interactions are becoming online with the outside world. Data centres are becoming a pillar of increased internet traffic.
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Immersion Cooling Market: Growth Drivers
In Traditional data centres high, density servers were not required. But now, there is a vast requirement for processing extensive data in the latest technologies, including artificial intelligence machine learning and cloud computing, which generate the need for higher computational capacity. As compared to air cooling, immersion cooling supplies higher heat loads.
Arising the riddling of new technologies in the establishment, mining, and healthcare industries is the driving factor in moving the immersion market growth in the perdition period. Change in the people's way of living is more liable to acquire intelligent gadgets, which is expected to promote immersion cooling market growth. The rising disposable income facilitates the higher adoption of digital devices that requires online bookings, studies, etc., escalating the industry demand.
Immersion cooling Market: Report Segmentation
Insight by Type
The single-phase product segment accounted for the highest market revenue share in 2021. Due to its high boiling point, the single-phase product is experiencing high demand because it remains in the liquid phase for a more extended period. These factors are responsible for offering high energy efficiency and high data performances by the product segment.
Geographic Overview: Immersion Cooling Market
On a geographical basis, North America dominates the immersion cooling market with the largest revenue share in the industry. The lucrative demand for the chilling immersion industry arises from investments in cryptocurrency mining, artificial intelligence, cloud computing, etc. For high-density data centers, immersion cooling provides the appropriate chilling. Furthermore, Asia Pacific is expected to record the highest growth rate with emphasis on IT scalability & resilience by positioning hybrid colocation and cloud computing solutions.
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Key Players
The leading key players operating in the global market include Asperitas, DCX - The Liquid Cooling Company, Dug Technology, Engineered Fluids, ExaScaler Inc., Fujitsu Ltd., Green Revolution Cooling Inc., Iceotope Technologies Ltd, Liquid Stack, LiquidCool Solutions, Midas Green Technologies, SixtyOneC Technology Corporation, Submer, TIEMMERS, and TK-SVYAZ.
Recent Developments
In June 2021, Submer partnered with ASA Computers which is the dominant IT solution provider, and they have been delivering revolutionary systems to rack solutions all over the globe for over 30 years. The agreement was forged out of a need to provide an alternative solution for the data center industry in decreasing energy usage and costs, increasing compute density and capacity (Power, Cooling, Space), and reducing operating and capital expenses.
Immersion Cooling Market: By Application Outlook
· High-performance Computing
· Artificial Intelligence
· Edge Computing
· Cryptocurrency Mining
· Others
Immersion Cooling Market: By type Outlook
· Single-phase Immersion Cooling
· Two-phase Immersion Cooling
Immersion Cooling Market: By Cooling Fluid Outlook
· Mineral Oil
· Synthetic Fluids
· Fluorocarbon-based Fluids
· Others
Immersion Cooling Market: By Region Outlook
· North America (U.S., Canada)
· Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
· Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
· Latin America (Brazil, Mexico, Argentina)
· Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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