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Immersion Cooling Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Immersion Cooling Market was worth US$ 364.5 Mn and is expected to grow at a CAGR of 21.5% over the forecast period. The market is expected to hit US$ 2,555.4 Mn by 2032 end.
The market for immersion cooling is anticipated to be driven by rising server rack density and chip density, new use cases such as challenging edge computing conditions, and demand to cut energy usage during data center cooling.
Immersion cooling is becoming more popular due to the use of technologies such as cryptocurrency mining, artificial intelligence, and high-performance computing, as well as shifting government policies regarding carbon emissions.
Cooling fluids are used as heat transfer fluids in various pieces of equipment. Energy- and cost-efficient dielectric fluids are widely used in immersion cooling due to their higher resistance to electrical breakdown and improved high heat transfer efficiency.
Market Dynamic
CHALLENGING EDGE COMPUTING CONDITIONS DRIVE THE MARKET
High-density servers were not required to achieve the requisite performance in traditional data centers since they were simple to operate. The processing of enormous volumes of data is required by new technologies like deep learning, machine learning, the Internet of Things (IoT), smart cities, artificial intelligence (AI), cloud computing, and blockchain, which increases the demand for increased computational power.
Immersion cooling can manage greater heat loads than air cooling, which boosts the market’s sales of immersion cooling systems. Such high-density server racks may be kept cool using immersion cooling technologies, which are also safe and kind to the environment.
THE LACK OF RECOGNITION HAMPERS THE MARKET GROWTH
High-performance computing (HPC), artificial intelligence, machine learning, cryptocurrency mining, and data mining are just a few fields where immersion cooling is used.
Microsoft switched its data center on the Eastern Columbia River from traditional fan cooling to liquid cooling. Google has also changed to immersion cooling for its new AI and machine learning technologies. However, end customers like Facebook and Amazon, among other hyper scalers, do not properly recognize this technology.
Most big giants initially use it for upcoming technologies such as AI, machine learning, and cloud computing. Thus, the lack of recognition from the end users is expected to hinder the market’s growth.
The lack of regulations and industry standards for immersion cooling is a major obstacle to the broad adoption of immersion cooling technology.
COVID-19 Impact
The data center immersion cooling market effect from COVID-19 is anticipated to be minimal. Lockdowns brought on by the epidemic destroyed the economies all around the world. Data centers were also affected due to the lockdowns. Data center consolidation and other corporate initiatives were put on hold. In the COVID-19 reality, relocating servers physically, shutting down buildings, and launching new spaces are more difficult.
Market Segments Covered in Report
By Type:
By Cooling Fluid:
By Application:
By Region and Country:
Segment-Wise Analysis
Which segment type of Immersion Cooling is projected to have the highest CAGR?
During the projection period, the segment with the highest predicted CAGR is the single-phase immersion cooling type segment, which is anticipated to dominate the market. Single-phase immersion cooling is more popular since it is easier to set up and uses less energy. The demand for single immersion cooling will increase as customers become more aware of the trade-offs between single-phase and two-phase immersion.
Sub-systems, electrical components, and electronics are completely submerged in the single-phase dielectric heat transfer fluid in a single-phase system, which is a cheap, effective, and straightforward cooling technology. The whole cooling process occurs with a single-phase system that is in a liquid condition.
Why is the mineral oil segment expected to have the larger market share during the forecast period?
In 2021, mineral oil dominated the sector and commanded 42.4% worldwide revenue. Compared to conventional air conditioning systems, mineral oil provides superior efficiency, further simplifying facility design and reducing costs. Mineral oil is used as a single-phase dielectric because of its high boiling point and fine, greasy consistency.
Greater flexibility during deployment and operations is made possible by the ability of mineral oil to be blended from different sources and batches. Historically, mineral oil has been used as an immersion cooling dielectric liquid.
Why is the high-performance computing segment expected to expand the fastest during the forecast period?
In 2021, high-performance computing dominated the sector and accounted for 35.0% worldwide sales. Lower latency, the opportunity for heat reuse programs in industrial and urban locations, quick deployment with edge-ready systems, and the capacity to cool chip densities necessary for zero water waste are just a few of the practical benefits of adopting immersion cooling in computing.
Region-Wise Analysis
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
Competition Analysis
The market shows the presence of several international and local businesses. Several manufacturers modify off-the-shelf information technology equipment (ITE) to make it compatible with their technology, and the industry offers several customized immersion cooling options. Additionally, manufacturers provide their customers with tailored solutions based on their needs.
To strengthen their position in the market, these businesses have used the methods of product releases, agreements, partnerships, and collaborations.
Some of the key developments that have taken place in the Immersion Cooling Market include:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
| Research Scope | Details |
| Forecast period | 2022-2032 |
| Historical data available for | 2017-2021 |
| Market analysis | USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032 |
| Key regions covered | North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa |
| Key countries covered | US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt |
| Key segments covered | By Type, Cooling Fluid, Application, and Region |
| Customization scope | Available upon Request |
| Pricing and purchase options | Available upon Request |
Market Size Data
Market Background
Pricing Analysis
Value Chain Analysis
Competition Analysis
Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 21.5%.
Growth is anticipated to be fueled by data centers’ rising demand for affordable, energy-efficient cooling solutions.
Major global Immersion Cooling Market players are LiquidStack, Fujitsu , Green Revolution Cooling Inc, Submer, Asperitas, Midas Green Technologies, Iceotope Technologies Ltd, LiquidCool Solutions, DUG Technology, DCX – The Liquid Cooling Company, ExaScaler Inc, SixtyOneC Technology Corporation, Engineered Fluids, TK-SVYAZ and TIEMMERS.
The capital expenses involved with adding components and changing hardware are significant, which can provide a hurdle to the expansion of the sector as a whole, even though systems are highly effective at removing heat from IT equipment.
The North American region is expected to account for the largest market revenue share in the Global Immersion Cooling market.
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