The global immersion cooling market size is anticipated to reach USD 1006.6 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 22.6% from 2023 to 2030. The growth is primarily driven by the rising demand for data center infrastructure as well as the increased power consumption by other cooling systems.
The cooling infrastructure in data center buildings consumes over half of the total energy. The need for data infrastructure is rapidly increasing, causing servers to store more data and approach their heat rejection levels faster. These systems are being used in data centers to cut energy usage and overhead expenses.
By removing active cooling components such as fans and heat sinks, immersion cooling enables a significantly higher density of processing capabilities. Smaller data centers can provide the same performance as larger data centers and can be easily fitted into metropolitan areas with limited space.
Due to the COVID-19 pandemic, the demand for web-enabled services has increased tremendously as people across the globe stayed at home. For instance, Netflix gained 15.77 million new paid subscribers worldwide, from February to March 2020; above its projected 7 million which has created demand.
Gather more insights about the market drivers, restrains and growth of the Immersion Cooling Market
Detailed Segmentation:
Product Insights
Single-phase led the industry and accounted for 70.7% of the global revenue share in 2022. This can be attributed to the low tank & coolant costs, high dielectric strength, low environmental impact, high coolant heat capacity, and high biodegradability of a two-phase system.
Single-phase system is an inexpensive, efficient, and simple cooling technique, wherein electrical components, sub-systems, and devices are fully immersed in the single-phase dielectric heat transfer fluid. The single-phase system stays in the liquid state during the entire cooling process.
Cooling Liquid Insights
Mineral oil led the industry and accounted for 42.7% of the global revenue share in 2022. When compared to traditional air conditioning systems, mineral oil is more efficient, which simplifies facility design and results in cost savings. Mineral oil is used as a single-phase dielectric because of its high boiling point and because it is transparent and oily.
The ability of mineral oil to be combined from various sources and batches allows for greater flexibility during deployment and operations. Historically, mineral oil has been utilized as a dielectric cooling liquid for immersion cooling. However, problems such as low flash point inconsistent quality and material incompatibility have limited its use in the IT industry.
Application Insights
High-performance computing led the industry and accounted for 34.6% of the global revenue share in 2022. There are several operational advantages to using an immersion-cooling in computing, including lower latency, the potential for heat reuse programs in industrial and urban areas, fast deployment with edge-ready solutions, the ability to cool chip densities required for zero water waste.
Regional Insights
North America led the industry and accounted for 35.8% of the global revenue share in 2022, owing to the widespread presence of large-scale data centers. To keep up with the digital economy's rapid expansion, data centers in North America are investing in new high-performance computing servers that operate at high speeds. The excess heat generated compels the data center cooling system to work harder, raising cooling costs and reducing revenues.
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Key Companies & Market Share Insights
The immersion cooling market is highly competitive with major companies striving for industry leadership. Key players emphasize integration across the value chain to strengthen their market positions. Strategies employed by companies include collaborations, partnerships, and new product development to enhance their industry positions. Companies such as Green Revolution Cooling and Asperitas have partnered to create awareness about systems in the industry space.
Strategies help the companies in enhancing their industry share and providing to the changing technological demand of various end-use industries such as data centers and IT companies. For instance, in March 2021, Liquid Stack collaborated with Wiwyn to advance the IT infrastructure designed for 2-phase immersion cooling.
Some prominent players in the global immersion cooling market include:
• Fujitsu Limited
• Dug Technology
• Green Revolution Cooling Inc.
• Submer
• Liquid Stack
• Midas Green Technologies
• Asperitas
• DCX- The Liquid Cooling Company
• LiquidCool Solutions
• ExaScaler Inc.
Immersion Cooling Market Segmentation
Grand View Research has segmented the global immersion cooling market based on product, application, cooling liquid, and region:
Immersion Cooling Product Outlook (Revenue, USD Million; 2018 - 2030)
• Single-Phase
• Two-Phase
Immersion Cooling Application Outlook (Revenue, USD Million; 2018 - 2030)
• High-performance Computing
• Edge Computing
• Cryptocurrency Mining
• Artificial Intelligence
• Others
Immersion Cooling Cooling Liquid Outlook (Revenue, USD Million; 2018 - 2030)
• Mineral Oil
• Fluorocarbon-based Fluids
• Deionized Water
• Others
Immersion Cooling Regional Outlook (Revenue, USD Million; 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o Germany
o Italy
o France
o UK
o Netherlands
o Russia
• Asia Pacific
o China
o India
o Japan
o Australia
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o Saudi Arabia
o South Africa
Order a free sample PDF of the Immersion Cooling Market Intelligence Study, published by Grand View Research.
