Immersion Cooling Market Size, By Trends, Latest Research, Industry Competition Analysis, Revenue and Forecast Till 2030:
A novel report issued recently by Reports & Insights titles “Immersion Cooling Market: Opportunity Analysis and Future Assessment 2022-2030” which refers to a detailed market documentation and statistics summarising factors like market size, market prospects and future opportunities, possible challenges, prevailing trends, leading players engaged in the market developed by the acknowledged market expertise using verified research methodologies and proven analytical approaches. The base year considered for the study is 2021, and the forecasted year is considered 2023-2030. The global Immersion Cooling Market in 2022 is estimated for more than US$ 282.0 Mn and expected to reach a value of US$ 1,263.4 Mn by 2030 with a significant CAGR of 20.7%.
Global Immersion Cooling Market, By Type (Single-Phase Immersion Cooling, Two-Phase Immersion Cooling), By Application (High-Performance Computing, Artificial Intelligence, Edge Computing, Cryptocurrency Mining, Others), By Cooling Fluid (Mineral Oil, Synthetic, Fluorocarbon-Based, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
The immersion cooling market is estimated to reach at a value of US$ 282.0 Mn by the end of 2022 and expected to reach at a value of US$ 1,263.4 Mn by 2030 with a significant CAGR of 20.7%.
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Immersion cooling, otherwise termed as liquid submersion cooling, can be defined as the method of submerging computer elements (or complete servers) in a thermally, but not electrically, conductive liquid (non-conductive coolant).
The immersion cooling method is a standard approach of cooling down huge power distribution elements such as transformers. It is significant to note that, yet barely utilised for the cooling of IT Hardware, this approach is gradually gaining popularity with rapidly establishing advanced data centres around the world.
Notably, cooling of IT servers or hardware following the approach of immersion cooling does not require fans and the heat exchange between the warm coolant and cool water circuit generally takes place by means of a heat exchanger (i.e., heater core or radiator). Owing to which, the immersion cooling method is estimated to witness higher demand across the global markets.
In addition to that, the increasing chip densities and server rack, along with the unconventional utility cases such as harmful edge computing, and the rising urge to decrease energy consumption within the data centre cooling are some other major factors which is thrusting the demand of immersion cooling approach worldwide. Attributing to which, the global immersion cooling market is anticipated to grow substantially over the forthcoming years.
Moreover, the rapid establishment of innovative data centres all across the world are increasingly seeking energy-efficient and cost-efficient cooling solutions which is further expected to offer considerable thrust to the market demand of immersion cooling approach.
At the same time, the soaring demand for progressive cloud computing infrastructure and IoT functionality is also rapidly driving the demand for data centres, particularly hyper-scale data centres. Therefore, the global immersion cooling market is projected to offer major breakthroughs over the coming years.
Reports and Insights Study identifies some of the key participating players in the immersion cooling market globally are LiquidCool Solutions, Midas Green Technologies, Fujitsu, DUG Technology, DCX – Liquid Cooling, among others.
Factors That Are Benchmarked While Estimating The Immersion Cooling Market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
- New product developments and launches
- Current product compliance
- Concerns for use of Immersion Cooling
- Advantages of Immersion Cooling