The latest market report published by Credence Research, Inc. “Global Immersion Cooling Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The global immersion cooling market generated revenue of around USD 285.1 million in 2021 and is anticipated to grow a CAGR of over 24.50% during the forecast period from 2022 to 2028 to reach around USD 1,061.73 million in 2028.
This market is growing due to many factors, such as cost-effectiveness, technology-friendliness, and increased power efficiency. Building, banking, schools, and hospitals are among the industries driving immersion cooling market growth with their growing demand for electronics & smart appliances. Also, due to rapidly increasing digitalization, online payments, bookings, classes, video conferencing, and other activities are increasingly common, providing the industry with a productive demand.
Browse Global Immersion Cooling Market report-https://www.credenceresearch.com/report/immersion-cooling-market
The global immersion cooling market is bifurcated into Applications, Type, Cooling Fluid, Components, and Geography. Based on applications, the market segmentes include high-performance computing, artificial intelligence, edge computing, cryptocurrency mining, and others. On the basis of type, the market segmentes include single-phase immersion cooling and two-phase immersion cooling. On the basis of cooling fluid, the global market is segmented into mineral oil, synthetic fluids, fluorocarbon-based fluids, and others. Based on components, the market is segmented into solutions and services. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
In 2021, North America dominated the global immersion cooling market and accounted for a major market revenue share in terms of value. There are a number of factors contributing to the rise of data centers, such as the establishment of local data centers throughout the regions, government pressure for more secure and robust IT environments, and awareness of the benefits of cloud computing. There will be an increase in the use of artificial intelligence over the next few years.
Why to Buy This Report-
- The report provides a qualitative and quantitative analysis of the global immersion cooling market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
- The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level
- Detailed analysis of the global immersion cooling market by application, type, cooling fluid, and component.
- The global immersion cooling market report also includes analyzing the global, regional, and country level, along with key market trends, significant players analysis, market growth strategies, and key application areas.
The Global Immersion Cooling Market is Segmented into:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2016-2028 |
| Base Year | 2021 |
| Forecast Period | 2022 – 2028 |
| Historical Year | 2016 – 2021 |
| Unit | USD Million |
| By Type (2016–2028; US$ Mn) | |
| By Application (2016–2028; US$ Mn) | |
| By cooling fluid (2016–2028; US$ Mn) | |
| By component (2016–2028; US$ Mn) | |
| By Geography Segment (2016–2028; US$ Mn) |
