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Immersion Cooling Market By Application (High-performance Computing, Artificial Intelligence, Edge Computing, Cryptocurrency Mining, Others (Cloud Computing, Enterprise Computing) By Type (Single-Phase Immersion Cooling, Two-Phase Immersion Cooling) By cooling fluid (Mineral Oil, Synthetic Fluids, Fluorocarbon-based Fluids, Others) By component (Solutions, Services) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The global immersion cooling market report explores the critical analysis of the immersion cooling industry using key parameters. The report consists of investment strategies, the need for investments in immersion cooling companies, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the immersion cooling industry and how economic and non-economic barriers are helping the immersion cooling market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS

Immersion cooling Market by Value

Yes

Immersion cooling Market, Tornado Analysis

Yes

Immersion cooling Market, STAR Analysis

Yes

Immersion cooling Market, SRC Analysis

Yes

Immersion cooling Market Segment Analysis

·         By Application (High-Performance Computing, Artificial Intelligence, Edge Computing, Cryptocurrency Mining, and Others)

·         By Type (Single-Phase Immersion Cooling and Two-Phase Immersion Cooling)

·         By Cooling Fluid (Mineral Oil, Synthetic Fluids, Fluorocarbon-Based Fluids, and Others)

·         By Components (Solutions and Services)

 

Immersion cooling Market, Regional Analysis

·         North America (US and Canada)

·         Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

·         Asia-Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

·         Latin America (Brazil, Mexico, and the Rest of Latin America)

·         The Middle East and Africa (GCC Countries, South Africa, and the Rest of the Middle East and Africa)

Immersion cooling Market Key Companies

LiquidStack (Netherlands), Fujitsu (Japan), Green Revolution Cooling Inc (US), Submer (Spain), Asperitas (Netherlands), Midas Green Technologies (US), Iceotope Technologies Ltd (US), LiquidCool Solutions (US), DUG Technology (Australia), DCX - The Liquid Cooling Company (Poland), ExaScaler Inc (Japan), SixtyOneC Technology Corporation (Canada), Engineered Fluids (US), TIEMMERS (Netherlands), TMGcore, Inc. (US), GIGA-BYTE Technology Co., Ltd. (Taiwan), Wiwynn (Taiwan), Hypertec (Canada), TAS (US), and Delta Power Solutions (Taiwan)

Immersion cooling Market Competitive Landscape

·         Market Share Analysis

·         Competitive Benchmarking

·         Key Players Market Positioning

·         Geographical Presence Analysis

·         Major Strategies Adopted

Key Highlights of the report

How are the major segments performing in the Immersion Cooling market?

  • In 2021, the high-performance computing segment accounted for the largest share of the market as cheap HPC systems with a few processors will be able to achieve performance that previously could only be achieved by expensive vector-based computers or multiprocessor systems.
  • In 2021, the single-phase immersion cooling system segment was anticipated to hold a prominent share in the global immersion cooling market due to its low tank & coolant costs, high dielectric strength, low environmental impact, high coolant heat capacity, and high biodegradability, the two-phase system is very cost-effective.
  • In 2021, the mineral oil segment was anticipated to hold a prominent share in the global immersion cooling market as it is healthier and more efficient than traditional air conditioning systems, resulting in cost savings compared to mineral oil.
  • In 2021, the immersion cooling solution segment was anticipated to hold a prominent share of the global immersion cooling market. As the segment grows, companies develop innovative and customizable immersion cooling solutions, and hyper-scale data centers require efficient cooling solutions.

Which region dominated the Immersion Cooling Market?

In 2021, the North American region was anticipated to hold a prominent share of the global immersion cooling market. Many data centers exist in North America, and immersion cooling has been gaining popularity in the region due to the high number of data centers, especially in the United States. Additionally, cryptocurrency mining, artificial intelligence, cloud computing, and other technological advancements create lucrative demand for immersion chillers. Data centers with a high density can benefit from immersion chilling technology. Thus, the region's high data center immersion cooling market penetration will drive the industry's growth.

How is US Market Performing in the Immersion Cooling Market?

In 2021, the North American region was anticipated to hold a prominent share of the global immersion cooling market. Demand for data centers, especially hyper-scale data centers, is likely to increase due to the growing use of IoT capabilities and cloud computing infrastructure in the U.S. Due to government regulations limiting carbon emissions, data centers in the U.S. are experiencing an increase in immersion cooling demand. By increasing the global market, immersion cooling vendors will have an opportunity to grow.

What is the competitive environment of the Immersion Cooling Market?

The immersion cooling company’s competitive environment provides information on the entire economic profit made by suppliers and businesses, the sales and revenues created in this sector, the immersion cooling market share globally, the business organization summary, the introduction of new products, and the opportunities for the industrial immersion cooling market. For instance, in September 2011, Dow launched a silicone-organic cooling fluid named DOWSIL ICL-1000, whose heat absorption efficiency is one thousand times better than air-cooled systems. Furthermore, in May, with its ICEraQ® Series 10, GRC introduced the next generation of liquid immersion cooling data centers, providing heating and cooling of more than 200 kW heating and cooling.

Executive Summary

What technical developments are being developed in the Immersion Cooling Industry Market?

Due to technological advancements like blockchain and machine learning, the demand for data center services is on the rise. Increasing bitcoin users and the rise of a global digital economy are causing third-party data centers to modify and implement artificial intelligence (AI). As the market for immersion cooling expands, it will become increasingly important to understand and manage the energy use implications of blockchain applications.

immersion-cooling-market

Which are the key investments by the immersion Cooling Market players?

Several leading players in the immersion cooling market are expanding production capacities. Apart from this, players are concentrating on strategic mergers and acquisitions, collaborations and creating awareness among people via different associations formed to promote smart practices to serve more end users in the domestic market to gain a competitive edge. For instance, in March 2021, in collaboration with Wiwyn, Liquid Stack advanced the IT infrastructure designed for immersion cooling in two phases.

Some major players in the immersion cooling market are LiquidStack (Netherlands), Fujitsu (Japan), Green Revolution Cooling Inc (US), Submer (Spain), Asperitas (Netherlands), Midas Green Technologies (US), Iceotope Technologies Ltd (US), ExaScaler Inc (Japan), SixtyOneC Technology Corporation (Canada), Engineered Fluids (US), TIEMMERS (Netherlands), LiquidCool Solutions (US), DUG Technology (Australia), DCX - The Liquid Cooling Company (Poland), TMGcore, Inc. (US), GIGA-BYTE Technology Co., Ltd. (Taiwan), Wiwynn (Taiwan), Hypertec (Canada), TAS (US), and Delta Power Solutions (Taiwan), among others.

What are the Major Driving Factors for the Immersion Cooling Market?

Immersion market growth in the forecast period will be primarily driven by adopting innovative technologies in the construction, mining, and healthcare industries. It is estimated that immersion cooling market growth will also be fueled by the population's lifestyle change, causing more people to adopt intelligent gadgets. With rising disposable incomes, more people are adopting digital devices, including online bookings, studying, etc., thereby driving product demand. Furthermore, the government is enhancing budgets for electronic industry development.

What are the Major Risks for the Immersion Cooling Market?

The immersion cooling price is the major challenge limiting the market. The capital costs of additional components and hardware modifications can pose a challenge to the overall growth of the industry, although systems are very efficient in removing heat from IT equipment. Additionally, Managed Service Providers (MSPs) and data center service providers will face new challenges in servicing systems.

Which is the key cooling fluid in the Immersion Cooling market?

The mineral oil segment will hold a prominent share of the global immersion cooling market during the forecast period. Dielectric cooling liquids such as mineral oil have traditionally been employed in immersion cooling containers. Because they are low-priced and have long-term use as immersion cooling fluids, petroleum-based fluids, such as synthetic and mineral oils, have a significant market share. Mineral oil also allows for greater flexibility during deployment and operations due to its ability to be combined from different sources and batches. With the change in end users' needs, immersion cooling fluids with excellent heat transfer efficiency and high dielectric properties are becoming increasingly important to manufacturers. Since cooling fluids minimize heat transfer in data centers, data center providers and other businesses are increasing their demand for them due to their high resistance to electrical breakdowns. Because they are low-priced and have long-term use as immersion cooling fluids, petroleum-based fluids, such as synthetic and mineral oils, have a significant market share.

How is the Immersion Cooling Market performing in regions?

Due to significant data centers, North America is anticipated to dominate the immersion cooling market. As a result of the presence of many data centers and the rise in popularity of advanced technologies, such as artificial intelligence and high-performance computing and cryptocurrency mining, North America is the largest consumer of immersion cooling solutions worldwide. Immersion cooling for data centers has grown in North America due to increased demand for eco-friendly cooling solutions and substantial increases in rack density. Several technology giants, such as Google, Microsoft, Facebook, and Apple, contribute to the growth of the immersion cooling market in North America.

Furthermore, the Asia Pacific market is anticipated to hold the largest revenue share in the global immersion cooling market during the forecast period. The deployment of hybrid colocation and cloud computing solutions is becoming increasingly popular because of the increasing focus on IT scalability and resilience. Moreover, online schooling, shopping, remote working, and social networking are on the rise in Asia, bolstering the market growth. Consequently, these factors are expected to enhance the market growth owing to technological innovations, the development of the I.T. industry, and the increasing presence of the globally leading market players in the Asia Pacific region.

What is the regulatory landscape for the Immersion Cooling market?

As a result of the rapid development of 5G networks over the past few years. A number of national governments are passing laws and regulations to reduce carbon emissions from data centers. For instance, founded in January 2021 by data center operators and trade groups, the Climate Neutral Data Center Pact commits data centers to become climate neutral by 2030 and includes interim goals for energy efficiency and carbon-free energy for 2025. There is a growing interest in energy-efficient server cooling systems among telecom network operators and data centers.

What is the Market Size of Immersion Cooling regarding value?

The global immersion cooling market is anticipated to grow at a substantial CAGR of 24.50% in the upcoming years. The global Immersion cooling industry was estimated to be worth USD 285.1 million in 2021 and was expected to be worth USD 1,061.73 million by 2028.

What are the major players planning for the future of the immersion Cooling Market?

The target market for immersion cooling is the increasing adoption of technologies such as artificial intelligence and high-performance electronics. Graphics and tensor processing units provide the higher computing power these technologies require. It is necessary to manage the heat generated by this hardware effectively. In order to manage the thermal management of such complex hardware, immersion cooling is an appropriate method. Aside from being eco-friendly, it also reduces the energy consumption of data centers.

Segmentation of Global Immersion Cooling Market-

Global Immersion cooling Market – By Application

  • High-performance Computing
  • Artificial Intelligence
  • Edge Computing
  • Cryptocurrency Mining
  • Others (Cloud Computing, Enterprise Computing)

Global Immersion cooling Market – By Type

  • Single-Phase Immersion Cooling
  • Two-Phase Immersion Cooling

Global Immersion cooling Market – By cooling fluid

  • Mineral Oil
  • Synthetic Fluids
  • Fluorocarbon-based Fluids
  • Others

Global Immersion cooling Market – By component

  • Solutions
  • Services

Global Immersion cooling Market – By Region

  • North America
    • USA
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global Immersion Cooling market

COVID-19 has had a substantial impact on the market due to the outbreak of the COVID-19 pandemic. In 2020, revenues declined slightly because of the COVID-19 pandemic but may begin to increase gradually.

North America accounted for the most heightened share in the global immersion cooling market.

Increased government initiatives for carbon-neutral and energy-efficient data centers, the need to curtail water usage because of water scarcity, and the proliferation of green and smart city projects.

The High-performance computing segment had a major share in the global market in 2021.

The single-phase immersion cooling segment had a major share in the global market.

Immersion Cooling Market Scope

Report Attribute Details
Market Value in 2021 USD 1,061.73 million
Market Value in 2028 USD 285.1 million
CAGR 24.50%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Oct 2022
Category:  Semiconductor & Electronics
Report ID:   60756
Report Format:   PDF
Pages:   120
Rating:    4.6 (60)
Delivery Time: 24 Hours to 48 Hours   
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