Immersion Cooling Market Intelligence Report Offers Growth Prospects

 

Immersion Cooling Industry Overview

The global immersion cooling market size was estimated at USD 197.0 million in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 22.6% from 2023 to 2030. 

The increasing demand for cost-efficient and energy-efficient cooling solutions from data centers is expected to drive growth. Strict lockdowns enforced by global governments in the wake of the COVID-19 pandemic in 2020 hampered industry expansion. The lockdowns also impacted data centers, wherein data center consolidation was put on hold. Moving servers, closing buildings, and constructing a new location were all more difficult in the COVID-19 universe. Data centers showed growth in demand, owing mostly to the global workforce working from home and an increase in e-commerce.

Gather more insights about the market drivers, restrains and growth of the Immersion Cooling Market

The immersion cooling market in the U.S. is undergoing a shift owing to the COVID-19 pandemic as players in this space undertook capacity expansion to meet the increasing demand for the product from data centers. The COVID-19 crisis spurred the spread of e-commerce to new enterprises, customers, and product categories. Furthermore, the rising need for IoT capabilities and cloud computing infrastructure in the U.S. is likely to fuel demand for data centers, particularly hyper-scale data centers.

The market exhibits the presence of several global as well as regional players. Several proprietary immersion cooling solutions are available in the industry and various manufacturers retrofit off-the-shelf Information Technology Equipment (ITE) to make it compatible with their technology. In addition, manufacturers offer customized solutions to their clients as per requirements.

The increasing demand for IoT functionality and cloud computing infrastructure is expected to drive the demand for data centers, especially hyper-scale data centers. Hyperscale data centers enable digital platforms to store and transfer data efficiently. As compared to modern data centers, hyper-scale facilities have high-volume traffic as well as the capability to handle heavy computing workloads.

Although systems are very efficient in removing heat from IT equipment, the capital costs associated with additional components and hardware modification are high, which can act as a challenge to the overall industry growth. In addition, servicing of systems is expected to present new challenges for Managed Service Providers (MSPs) and data center service partners.

Immersion Cooling Market Segmentation

Grand View Research has segmented the global immersion cooling market report on the basis of product, application, cooling liquid, and region:

Product Outlook (Revenue, USD Million; 2018 - 2030)

·         Single-Phase

·         Two-Phase

Application Outlook (Revenue, USD Million; 2018 - 2030)

·         High-performance Computing

·         Edge Computing

·         Cryptocurrency Mining

·         Artificial Intelligence

·         Others

Cooling Liquid Outlook (Revenue, USD Million; 2018 - 2030)

·         Mineral Oil

·         Fluorocarbon-based Fluids

·         Deionized Water

·         Others

Regional Outlook (Revenue, USD Million; 2018 - 2030)

North America

·         US

·         Canada

Europe

·         Germany

·         Italy

·         France

·         UK

·         Netherlands

·         Russia

Asia Pacific

·         China

·         India

·         Japan

·         Australia

Central & South America

·         Brazil

·         Argentina

Middle East & Africa

·         Saudi Arabia

·         South Africa

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

The global power quality measurement equipment market size was estimated at USD 35.6 billion in 2023 and is projected to grow at a CAGR of 3.5% from 2024 to 2030. 

The global automotive steel wheels market size was estimated at USD 14.94 billion in 2023 and is forecasted to grow at a CAGR of 2.5% from 2024 to 2030.

Key Companies & Market Share Insights

The immersion cooling market is highly competitive with major companies striving for industry leadership. Key players emphasize integration across the value chain to strengthen their market positions. Strategies employed by companies include collaborations, partnerships, and new product development to enhance their industry positions. Companies such as Green Revolution Cooling and Asperitas have partnered to create awareness about systems in the industry space.

Strategies help the companies in enhancing their industry share and providing to the changing technological demand of various end-use industries such as data centers and IT companies. For instance, in March 2021, Liquid Stack collaborated with Wiwyn to advance the IT infrastructure designed for 2-phase immersion cooling. Some prominent players in the global immersion cooling market include:

·         Fujitsu Limited

·         Dug Technology

·         Green Revolution Cooling Inc.

·         Submer

·         Liquid Stack

·         Midas Green Technologies

·         Asperitas

·         DCX- The Liquid Cooling Company

·         LiquidCool Solutions

·         ExaScaler Inc.

Order a free sample PDF of the Immersion Cooling Market Intelligence Study, published by Grand View Research.

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