Immersion Cooling Market Analysis

  • Report ID: 4896
  • Published Date: Sep 11, 2025
  • Report Format: PDF, PPT

Immersion Cooling Market Segmentation:

Type Segment Analysis

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 Segment Analysis

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

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

In the year 2026, the industry size of immersion cooling is assessed at USD 653.18 million.

The global immersion cooling market size surpassed USD 536.76 million in 2025 and is projected to grow at a CAGR of around 24.1%, reaching USD 4.65 billion revenue by 2035.

The North America immersion cooling market is forecasted to hold a 44.4% share by 2035, attributed to demand from data centers and digital infrastructure expansion.

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