Immersion Cooling Market Synopsis
Immersion Cooling Market Size Was Valued at USD 241.52 Million in 2023 and is Projected to Reach USD 1511.37 Million by 2032, Growing at a CAGR of 22.60% From 2024-2032.
The industry segment devoted to the advancement and implementation of immersion cooling technology for a variety of applications, mostly in data centers, is known as the immersion cooling market. Immersion cooling is a technique that dissipates heat more effectively than conventional air-cooling methods by immersing IT hardware, such as servers, in a dielectric fluid, usually a non-conductive liquid. This technique greatly improves cooling efficiency, lowers energy usage, and permits higher-density computing, which makes it a highly sought-after remedy for the mounting thermal issues that contemporary data centers face. Immersion cooling plays a critical role in providing creative and sustainable cooling solutions to meet the changing demands of data-intensive sectors as the need for high-performance computing continues to rise.
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The Immersion Cooling Market can be split based on product types, major applications, and important regions.
By type
- Single-Phase Immersion Cooling
- Two-Phase Immersion Cooling
By cooling fluid
- Mineral Oil
- Synthetic Fluids
- Fluorocarbon-based Fluids
- Other
By components
- Solutions
- Services
By Application
- High-performance Computing
- Artificial Intelligence
- Edge Computing
- Cryptocurrency Mining
- Others (Cloud Computing, Enterprise Computing)
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
For the duration of the anticipated time, Mineral Oil leads the Immersion Cooling Market. End users favor mineral oils because they offer an affordable and energy-efficient cooling option. Because of its amazing heat retention capacity—roughly 1,000 times more than that of air—it requires less energy to cool. It ensures that the gadget functions properly when submerged by acting as a thermal insulator, which increases demand for immersion cooling systems. Therefore, the capacity to blend mineral oil from different batches and sources enhances deployment and operating flexibility.
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Overview of Geography
Geographically speaking, North America led the world industry in revenue share. Immersion chilling is in high demand because to growing popularity and investment in cloud computing, artificial intelligence, bitcoin mining, etc. Perfect chilling is provided to high-density data centers by immersion chilling. Consequently, it is projected that the increasing penetration of high data centers in the area will propel the industry's expansion. For instance, the Migrates Policy Institute reports that the US government would increase funding for artificial intelligence adoption as part of its 2021 surveillance upgrade program. The Department of Homeland Security (DHS) has been awarded around USD million for technology and border surveillance, including artificial intelligence. Thus, these are the main causes that are accountable for market expansion in North America.
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Key questions answered in this report
- What would be the forecast period in the Immersion Cooling Market research report?
- Who are the key players in the Immersion Cooling Market?
- What are the segments of the Immersion Cooling Market?
- What is the Immersion Cooling Market?
- How big is the Immersion Cooling Market?
Dominant Online Immersion Cooling Market:
- LiquidStack
- Fujitsu
- Green Revolution Cooling Inc
- Submer
- Asperitas
- Midas Green Technologies
- Iceotope Technologies Ltd
- LiquidCool Solutions
- DUG Technology
- DCX - The Liquid Cooling Company
- Engineered Fluids
- TIEMMERS
- TMGcore, Inc.
- CoolIT Systems Inc. (Canada)
- Asetek A/S (Denmark)
- Allied Control Ltd. (Hong Kong)
- Green Data Center LLP (Russia)
- Ebullient, Inc. (United States)
- GIGA-BYTE Technology Co., Ltd. Other Key Players
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Global Immersion Cooling Market Challenge:
The challenge facing the global immersion cooling market is limited awareness, which hinders market expansion. Immersion cooling is a revolutionary technique with a wide range of applications in data mining, AI, ML, HPC, and cryptocurrency mining. Many corporations, including Microsoft's data center on the east bank of the Columbia River, strongly support this strategy; nevertheless, some large end users, including Facebook and Amazon, as well as other hyper scalers, haven't fully adopted this technology. Moreover, a lot of big businesses are just now starting to investigate its possibilities, especially with regard to new technologies like artificial intelligence, machine learning, and cloud computing. As a result, the expansion of the immersion cooling market is impeded by these important end users' lack of recognition and adoption.
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