The new report by Expert Market Research titled, ‘Global Immersion Cooling Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global immersion cooling market, assessing the market based on its segments like services, product types, cooling fluid, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 196.5 Million
- Forecast CAGR (2023-2028): 22.61%
- Forecast Market Size (2028): USD 667.40 Million
The immersion cooling industry is being driven by the developing IT infrastructure and rapid digitalisation that requires processing larger quantities of data. The growing demand from data centres for energy-efficient and cost-effective cooling systems are fuelling the market growth. The emerging need for green computing to cut carbon footprint is leading to the steady growth of the immersion cooling industry.
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Moreover, the awareness about the advantages of immersion cooling compared to conventional air-cooling systems, such as durability, quieter working conditions, less hardware, reduced operational costs, and resistance to oxidation, among others, is contributing to the expansion of the market. All these factors can be associated with the development of the immersion cooling industry.
Industry Definition and Major Segments
Immersion cooling or liquid submersion cooling is a cooling practice in which computer components are submerged in a thermally conductive dielectric liquid or coolant. During the immersion cooling, the heat is transferred from the source to the non-conductive working fluids such as deionised water, synthetic, fluorocarbon-based fluids, and mineral oil.
The immersion cooling industry, by service, is divided into
- Design and Consulting
- Installation and Deployment
- Support and Maintenance
Based on product type, the market is bifurcated into:
- Single-Phase Immersion Cooling System
- Two-Phase Immersion Cooling System
On the basis of cooling fluid, the market is segmented into:
- Mineral Oil
- Fluorocarbon-Based Fluids
- Synthetic Fluids
- Deionised Water
Based on application, the market is categorised into:
- High-Performance Computing
- Edge Computing
- Cryptocurrency Mining
- Artificial Intelligence
The regional markets for immersion cooling include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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The government initiatives towards innovative and sustainable cooling for a low carbon pathway are leading to the incremental development of the industry. The new product launches by several leading industry players to escalate their market potential is significantly catalysing the growth of the immersion cooling industry.
In 2022, Hypertec Company, a global IT Solutions provider, launched CIARA TRIDENT to facilitate the adoption of sustainable hardware solutions and make the technology industry greener. The rapid technological advancements in artificial intelligence, machine learning, blockchain, and the growing investments made in research activities are expected to bolster the market in the forecast period.
Key Market Players
The major players in the market are Green Revolution Cooling, Inc., Fujitsu Limited, Submer Technologies SL, Asperitas BV, and Midas Green Technologies, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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