Global Immersion Cooling Market Report and Forecast 2024-2032

Global Immersion Cooling Market Outlook

The global immersion cooling market reached a value of more than USD 295.40 million in 2023. The market is estimated to grow at a CAGR of 22.6% in the forecast period of 2024-2032 to reach above USD 1849.34 million by 2032.

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Robust Growth of the Cooling Fluid Segment to Bolster the Growth of the Immersion Cooling Industry

Based on cooling fluid, the synthetic fluid segment accounts for a significant share in the market. This can be attributed to the growing preference for synthetic fluids over mineral oils owing to their low cost and high material compatibility. The durability of synthetic fluids also reduce the maintenance costs of the immersion cooling systems, hence fuelling the market growth. Furthermore, synthetic fluids have better low- and high-temperature viscosity performance at service temperature extremes, great viscosity index (VI), excellent chemical and shear stability, resistance to oxidation, thermal breakdown and oil sludge problems, and reduced evaporative loss, among others. The growing awareness regarding such advantages are further bolstering the growth of the market for immersion cooling.

North America Accounts for a Significant Share in the Market for Immersion Cooling

The immersion cooling industry in North America is being driven by the extensive demand for immersion cooling in the United States and Canada. The increasing investments in high-performance computing by small and medium and large enterprises are propelling the growth of the immersion cooling industry. The market in the region is anticipated to be augmented by the increasing penetration of data centres and the increasing attempts by such centres to provide standardised services. The expansion of the leading companies in the region owing to technological advancements is projected to propel the growth of the immersion cooling industry in the forecast period.

Immersion Cooling Market Segmentation

Immersion cooling is defined as a process of submerging the components of a computer in a dielectric liquid that is thermally conductive. This method is used for cooling large power distribution components such as transformers. Moreover, immersion cooling bolsters the efficiency of data infrastructure systems and enables sustainable operations of organisations.

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Based on service, the market is segmented into:

• Design and Consulting
• Installation and Deployment
• Support and Maintenance

On the basis of product type, the industry is bifurcated into:

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

By cooling fluid, the market is divided into:

• Mineral Oil
• Fluorocarbon-Based Fluids
• Synthetic Fluids
• Deionised Water
• Others

The major applications of immersion cooling are:

• High-Performance Computing
• Edge Computing
• Cryptocurrency Mining
• Artificial Intelligence
• Others

The EMR report looks into the regional markets of immersion cooling like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Applications of Immersion Cooling in High-Performance Computing to Boost the Market Growth

The immersion cooling industry is being driven by the rising applications of immersion cooling in high-performance computing. This can be attributed to the growing requirement for efficient and cost-effective IT operations. The growing demand for high-performance computing in the e-commerce, data centres, healthcare, and retail sectors, among others, is likely to be a major driving factor in the market. With the growing popularity and demand for efficient immersion cooling services in emerging economies, the market is anticipated to grow robustly. The market is projected to be further propelled by the increasing adoption of artificial intelligence (AI) by medium and large enterprises in order to meet the growing consumer demands.

Key Industry Players in the Global Immersion Cooling Market

The report gives a detailed analysis of the following key players in the global immersion cooling market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Green Revolution Cooling, Inc.
• Fujitsu Limited
• Submer Technologies SL
• Asperitas BV
• Midas Green Technologies
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report