Immersion Cooling Market worth $2.1 billion by 2031 - Exclusive Report by MarketsandMarkets™
CHICAGO, Dec. 18, 2023 /PRNewswire/ --The report "Immersion Cooling Market by Type (Single-Phase, Two-Phase), Application (High Performance Computing, Edge Computing, Cryptocurrency Mining), Cooling Fluid (Synthetic Oil, Mineral Oil), Component (Solutions, Services), and Region - Global Forecast to 2031", is projected to grow from USD 0.4 billion in 2023 to USD 2.1 billion by 2031, at a CAGR of 24.1% from 2023 to 2031. The market is witnessing robust growth worldwide due to growing application of immersion cooling technologies for high performance computing and cryptocurrency mining.
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179 – Tables
50 – Figures
247 – Pages
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By type, single phase immersion cooling is estimated to hold the most significant share of the global immersion cooling market.
By type, single phase immersion cooling is estimated to dominate the immersion cooling market globally. Scalability is one of the key factors influencing the adoption of single-phase immersion cooling. The modular nature of these systems allows for flexible and scalable deployment, making them suitable for both large-scale data centers and smaller edge computing environments. This adaptability is particularly crucial as organizations seek solutions that can efficiently cool diverse hardware configurations while accommodating future expansion and changes in computing infrastructure.
High Performance Computing is estimated to hold the most significant share of the global immersion cooling market by application.
By application, the high-performance computing segment is projected to dominate the global immersion cooling market during the forecast period. The increasing density of computing hardware, with the rise of more powerful processors and accelerators, poses a challenge for conventional cooling solutions. Immersion cooling addresses this challenge by providing a uniform and effective cooling solution across densely packed hardware configurations. This factor is to surge the demand for immersion cooling technology in high performance computing.
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North America regional segment accounted for the largest share of the Immersion Cooling market.
The geographical and climatic diversity across North America has also influenced the adoption of immersion cooling. In regions with higher ambient temperatures, traditional air-based cooling methods can be less effective and more energy-intensive. Immersion cooling, with its ability to provide uniform and efficient cooling regardless of external temperatures, presents itself as a viable solution for data centers operating in various climates, contributing to its widespread acceptance.
Key Players
LiquidStack (Netherlands), Green Revolution Cooling Inc (US), Submer (Spain), Iceotope Technologies Ltd (US), DCX - The Liquid Cooling Company (Poland), Engineered Fluids (US) and TIEMMERS (Netherlands), TMGcore, Inc. (US), GIGA-BYTE Technology Co., Ltd. (Taiwan), Wiwynn (Taiwan), Hypertec (Canada), TAS (US), and Delta Power Solutions (Taiwan) are the key players in immersion cooling market.
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