Immersion Cooling Market Report

Market Insights

"The global immersion cooling market is likely to grow from USD 317.1 million in 2022 to USD 1173.75 million by 2028 at an impressive CAGR of 24.37% during the forecast period of 2022-2028."

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Immersion cooling is a cooling practice in which IT components and other electronics are submerged in a coolant which is a thermally conductive dielectric liquid.

High-density power consumption, an increasing number of hyper-scale data centers, and the need for an effective and energy-efficient immersion cooling solution are likely to drive the growth of the immersion cooling market during the forecast period.

Segment Analysis

Cooling System Trends

"The single-phase immersion cooling system segment accounted for the largest market share."

Based on the cooling system type, the market is segmented as single–phase immersion cooling system and two-phase immersion cooling system. Single–phase immersion cooling system held the larger share of more than 70% of the market in 2021 and are expected to grow at a higher CAGR during the forecast period. Coolant in this type of immersion cooling system remains always in liquid form as it never boils or freezes.

Application Trends

"The high-performance computing segment accounted for the largest market share."

Based on the application type, the immersion cooling market is segmented as high-performance computing, edge computing, cryptocurrency mining, and others. The high-performance computing segment governed the market accounting more than 30% market share in 2021, whereas cryptocurrency mining is estimated to be the fastest-growing segment during the forecast period.

Cooling Fluid Trends

"The mineral oil segment accounted for the largest market share."

Based on the cooling fluid type, the market is segmented as mineral oil, synthetic oil, fluorocarbon-based, and others. Mineral oil held the largest share of more than 40% of the market in 2021, as it is less costly and is an energy-efficient cooling solution.

Regional Insights

"North America accounted for the largest market share."

In terms of regions, North America is the largest market, whereas Asia-Pacific is the fastest-growing market for immersion cooling systems. North America accounted for more than 35% market share in 2021. The high demand is because of its increasing use in high-performance computing, cryptocurrency mining, edge computing, artificial intelligence, and cloud computing.

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Key Players

Some of the major players in the immersion cooling market are:

• Allied Control Ltd
• Asperitas
• DCX The Liquid Cooling Company
• DownUnder GeoSolutions Pty Ltd
• Fujitsu Limited
• Green Revolution Cooling Inc
• Iceotope Technologies Limited
• LiquidCool Solutions
• Midas Green Technologies
• Submer Technologies.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

The immersion cooling market is segmented into the following categories:

By Cooling System Type:

• Single-Phase
• Two-Phase

By Application Type:

• High-Performance Computing
• Edge Computing
• Cryptocurrency Mining
• Others
  • (By Application Type: Cloud Computing and Enterprise Computing)

By Cooling Fluid Type:

• Mineral Oils
• Synthetic Oils
• Fluorocarbon-based Fluids
• Others 
  • (Cooling Fluid Type: Vegetable Oil, Bio-oils, and Deionized Water)

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s immersion cooling market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.