Immersion Cooling Market by Type (Single-Phase Immersion Cooling, Two-Phase Immersion Cooling), Cooling Fluid Type (Mineral Oil, Fluorocarbon-Based Fluid, Synthetic Oil, Others); Application (High Performance Computing, Edge Computing, Artificial Intelligence, Cryptocurrency Mining, Others): Global Market Size Estimates and Forecast (2019-2030)

Code: BMIRE00026939 | Pages: 100 | Industry: Electronics and Semiconductor | Date: Oct 2022 | Type: Global

The market is expected to cross US$ 168.21 million in 2022 and is projected to hit US$ 2240.25 million by 2030, recording a CAGR of 20.41% during the forecast period.

Rising density of servers will drive the market growth over the forecast period.

The traditional data center is on-premises, and its operations are in a physical site within enterprise office space. A data center might be a few computers under a desk, a climate-controlled room filled with blade servers. However, new trends such as machine learning, the Internet of Things (IoT), smart cities, artificial intelligence (AI), cloud computing, and blockchain need processing large quantities of data, eventually developing the requirement for higher computational capacity. Immersion cooling contains higher heat loads as compared to air cooling. Additionally, most current-generation data centers operate at a power density of 5kW/rack, for which a 1.0 MW data hall will be required to accommodate 200 racks, occupying over 150m2 of technical space.

In contrast, with a power density of 60kW/rack, only 17 racks are needed, occupying just 12m2 of technical space to serve high load density and process vast quantities of data. It raises the heat load and density generated by the data centers. Immersion cooling solutions can cool such high-density server racks at a reduced cost and provide a non-hazardous and environment-friendly approach to data center cooling. The advantages of nontoxic and less corrosive dielectric fluid for liquid immersion cooling are helping attract more end users and further boosting the immersion cooling market.

Within the report, the market is segmented into type, cooling fluid type, application, and geography. By type, the market is segmented into Single-Phase Immersion Cooling, Two-Phase Immersion Cooling. Based on cooling fluid type, the market is segmented into Mineral Oil, Fluorocarbon-Based Fluid, Synthetic Oil, Others. Based on application, the market is segmented into High Performance Computing, Edge Computing, Artificial Intelligence, Cryptocurrency Mining, Others.  Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, and rest of the world.

Growing demand for IoT functionality and cloud computing infrastructure is another factor driving the growth of the market.

The rising demand for IoT functionality and cloud computing infrastructure is anticipated to propel the demand for data centers, especially hyper-scale data centers. Hyperscale data centers enable digital platforms to store and transfer data efficiently. Hyper-scale facilities have high-volume traffic and can handle heavy computing workloads compared to modern data centers. Even though systems are very efficient in removing heat from IT equipment, the capital costs related to additional components and hardware modification are high, which can impact the overall industry growth.

Adopting AI, high-performance electronics, telecom, and other technologies will create growth opportunities over the forecast period.

Adopting technologies such as AI, ML, and blockchain is increasing significantly. These technologies need higher power processing units, such as graphics processing units (GPU) and Tensor Processing units (TPU), whose hardware accelerators have higher thermal points. Additionally, immersion cooling technology is best fitted to serve these higher power processing units in an eco-friendly way. Furthermore, high-frequency trading systems and blockchain-based applications also generate computationally intensive workloads that need ultra-high-performance central processing units (CPUs) and GPUs, leading to high heat generation. Moreover, immersion cooling is necessary for organizations interested in capitalizing on these technologies, enabling considerable performance rise. The immersion cooling solutions decline data center power consumption and PUE.

Recent Strategic Developments in Immersion cooling market

The Immersion cooling market has undergone several significant developments, and a few of these have been mentioned below:

  • In June 2021, Submer announced its partnership with ASA Computers, a leading IT solution provider that has been delivering innovative systems-to-rack solutions across the globe for over 30 years.
  • In June 2021, Schneider Electric and Iceotope Technologies Limited introduced a liquid-cooled, EcoStruxure Modular Data Center, All-In-One Module.

The Immersion cooling market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Allied-Control, Asperitas, DCX The Liquid Cooling Company, DownUnder GeoSolutions, FUJITSU, Green Revolution Cooling, Iceotope, LiquidCool Solutions, Midas Green Technologies, Submer, are among the prominent players operating in the market.

Target audience for the report:

  • Immersion cooling manufacturers
  • Raw material providers
  • Immersion cooling providers
  • Immersion cooling-related service providers
  • Immersion cooling -related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Electronics component suppliers
  • Immersion cooling and devices distributors and sales firms
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type
    • Single-Phase Immersion Cooling
    • Two-Phase Immersion Cooling
  • Cooling Fluid Type
    • Mineral Oil
    • Fluorocarbon-Based Fluid
    • Synthetic Oil
    • Others
  • Application
    • High Performance Computing
    • Edge Computing
    • Artificial Intelligence
    • Cryptocurrency Mining
    • Others
  • Region
    • North America
      • US
      • Canada
      • Mexico
    • Europe
    • Asia Pacific (APAC)
    • Rest of World
  • Companies profiles
    • Allied-Control
    •  Asperitas
    •  DCX The Liquid Cooling Company
    •  DownUnder GeoSolutions
    •  FUJITSU
    •  Green Revolution Cooling
    •  Iceotope
    •  LiquidCool Solutions
    •  Midas Green Technologies
    •  Submer

The List of Companies

- Allied-Control
- Asperitas
- DCX The Liquid Cooling Company
- DownUnder GeoSolutions
- FUJITSU
- Green Revolution Cooling
- Iceotope
- LiquidCool Solutions
- Midas Green Technologies
- Submer

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