Immersion Cooling Market Size & Share, by Type (Single Phase, Two-Phase, Direct-to-Chip); Application (High-Performance Computing, Edge Computing, Cryptocurrency Mining, Artificial Intelligence); Components (Solutions, Services); Cooling Fluid (Mineral Oil, Synthetic Fluids, Fluorocarbon-Based Fluids) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4896
  • Published Date: May 31, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Immersion Cooling Market size is slated to cross USD 22.04 Billion by 2035, witnessing around 26.6% CAGR during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of immersion cooling was USD 1.3 Billion.

The market growth is attributed to the rising adoption of digital technology by people across the world owing to the growing number of network connections. The increasing demand for the internet around the world for various activities with enhancing online shopping and online payments is expected to propel the market expansion. The global internet traffic as of 2021 was over 20% and the amount of energy consumed by data transmission centers in 2021 was over 250-330 TWh.

Further, the increasing usage of electronics everywhere by people which include smartphones, laptops, television, computers, and other electronic devices is anticipated to influence the immersion cooling market growth in a positive way. The growing installation of transformers with the rise in high-performance data centers is propelling the market size. Also, the research and development in telecommunication to reduce energy consumption and loss of batteries constantly owing to constant heat generation are estimated to drive the market growth.


Immersion Cooling Market
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Immersion Cooling Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Demand for Cryptocurrency Mining and Blockchain Systems – The increasing generation of digital data among various networks with the growing use of computing services and the necessity for storage of this data is poised to augment the immersion cooling market growth in blockchain systems. The rising cryptocurrency investments such as Bitcoin are also driving the global demand for the market. The worldwide expenditure of people on blockchain solutions as of 2022 was estimated to reach USD 11 billion with more than 750,000,000 net transactions on blockchain.com.
  • Rising Adoption of Immersion Coolers by Software Organizations – Liquid cooling is a more efficient and effective way to decrease energy cost and heat production in data centers to enhance computing speed. The increased need for high cooling capacity in the Internet of Things and other cloud servers is augmenting the immersion cooling market demand.
  • Growing Preference to Reduce Carbon Emissions in the Environment – Sustainability is the new choice of industries to reduce environmental damage and liquid cooling is one among them. Unlike conventional cooling methods, liquid cooling utilizes less electricity, and water released zero carbon emissions. Additionally, the recycled heat from the systems is sold or used for other applications which prevent global warming thereby increasing the immersion cooling market growth.

Challenges

  • Increased Use of Air Conditioners and Air Coolers – Air coolers are the traditional method of cooling systems with the exchange of hot air with cool air. The removal cost of HVAC ducts and air cooler systems from the organizations is expensive which hinders the immersion cooling market growth. Also, the air-cooling systems do not require any special skills to use as immersion cooling fluids which makes it complicated to adopt in old organizations. The presence of air coolers in the industry is from decades that gained traction and it requires time for immersion cooling to gain trust which is limiting its growth.
  • Fluid Leakage Issues of Immersion Cooling
  • High Capital Investment and Complex Installation Process

Immersion Cooling Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

26.6%

Base Year Market Size (2022)

 USD 1.3 Billion

Forecast Year Market Size (2035)

 USD 22.04 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

 

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Immersion Cooling Segmentation

Type (Single Phase Immersion Cooling, Two-Phase Immersion Cooling, Direct-to-Chip Cooling)

The two-phase immersion cooling system is predicted to have significant market revenue in the coming years. The two-phase immersion cooling also called evaporative cooling or flow boiling is more energy efficient with two times more heat rejection capacity is driving the market segment. The increasing use of immersion cooling systems with two-phase for the IT components such as CPUs (central processing units), TPUs (tensor processing units), GPUs (graphic processing units), DC converts, power supplies, and ASICs are estimated to fuel the immersion cooling market growth. The two-phase dielectric transfer fluid is eco-friendly and bio-degradable which interests organizations looking for low carbon emissions to reduce negative effects to meet government regulations thus influencing the market segment growth. Data centers from across the world contribute to more than 2% of carbon emissions generating about 3 quintillion bytes of data every day. The use of dielectric fluids makes the two-phase systems easy to clean and builds faster than air-cooled data centers decreasing water usage.

Cooling Fluid (Mineral Oil, Synthetic Fluids, Fluorocarbon-Based Fluids)

The immersion cooling market from synthetic fluids segment is estimated to have substantial revenue among all the subsegments through 2035. The increasing use of synthetic fluids for immersion cooling in two-phase cooling systems, as they are non-flammable, non-oil-base, non-corrosive, and less toxic compared to oil-based fluids, is predicted to hike the market segment growth. The compatibility with the IT hardware and fiber optics and thermal stability with zero ozone depletion potential and no global warming effects are fuelling the market segment growth. Synthetic fluids have a very high life span and the heat extracted is used for another purpose with no refilling requirements which is boosting the growth of the market segment.

Our in-depth analysis of the global market includes the following segments:

 

     Type

  • Single Phase Immersion Cooling
  • Two-Phase Immersion Cooling

 

 

     Application

  • High-Performance Computing
  • Edge Computing
  • Cryptocurrency Mining
  • Artificial Intelligence

     Components

  • Solutions
  • Services

 

     Cooling Fluid

  • Mineral Oil
  • Synthetic Fluids
  • Fluorocarbon-Based Fluids

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Immersion Cooling Industry - Regional Synopsis

North American Market Statistics

The North American immersion cooling market is set to reach a significant market revenue between 2023-2035 with many lucrative growth opportunities such as the presence of many data centers with growing digital technology in the region. The rising internet users and adoption of cryptocurrency banking in the region are poised to have a positive impact on market growth. The requirement for cooling systems in the end-user sector such as aviation, IT sector, and telecom industries as the data transferring to reduce heat production and energy consumption rate is estimated to hike the market growth.

APAC Market Analysis

The Asian Pacific immersion cooling market is estimated to achieve a noteworthy expansion during the forecast period. The progression of the market is ascribed to the initiation of smart cities in the region with government investment. Also, the growing number of data centers in the region with increasing technology service providers such as Software-as-a-Service (SaaS), and Platform-as-a-Service (PaaS) for contract owing to the availability of employees and infrastructure at less cost is set to market enlargement. The rising private investments in virtual assistants and deployment of regional servers across the region are likely to expand the market in the coming years.

Research Nester
Immersion Cooling Market Size
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Companies Dominating the Immersion Cooling Landscape

top-features-companies
    • The Dow Chemical Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Submer
    • Liquid Stack
    • Midas Green Technologies
    • DCX- The Liquid Cooling Company
    • Liquid Cool Solutions
    • Asperitas
    • SixtyOneC Technology Corporation
    • ExaScaler Inc.
    • Green Revolution Cooling Inc.

In-the-news

In The News

  • Green Revolution Cooling Inc. declared that it exhibited the benefits of liquid cooling solutions for data centers at HANNOVER MESSE, conducted in Hannover, Germany. The company shared its technology with the participants and attendees and addressed the need to develop environmentally friendly, cost-efficient, and effective solutions to solve the issues of data centers.
  • The Dow Chemical Company revealed DOWSIL Immersion Cooling Technology as a next-generation solution for data centers and cooling hyper-scale clouds. The technology was to enhance the sustainability and efficiency of the data centers. Also, to manage heat generation in enterprises to cope with evolving high-speed and high-volume data communications.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4896
  • Published Date: May 31, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing need for immersion cooling in data centers and rising IT sector industries are the major factors driving the market growth.

The market size of immersion cooling is anticipated to attain a CAGR of 26.6% over the forecast period, i.e., 2023-2035.

The major players in the market are Submer, The Dow Chemical Company, Liquid Stack, Midas Green Technologies, DCX- The Liquid Cooling Company, Liquid Cool Solutions, ExaScaler Inc., Green Revolution Cooling Inc., Asperitas, SixtyOneC Technology Corporation, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, components, cooling fluid, and by region.

The two-phase segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Lack of knowledge on immersion cooling and fluid leakage issues are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Immersion Cooling Market Report Scope
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