immersion cooling market

Immersion Cooling Market Share, Size, Trends, Industry Analysis Report, By Application; By Type (Single-Phase, Two-Phase), By Cooling Fluid (Mineral Oil, Synthetic Fluids, Fluorocarbon-based Fluids, Others); By Region; Segment Forecast, 2022 - 2030

  • Published Date: May 2022
  • Pages: 118
  • Format: PDF
  • Report ID: PM2394
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global immersion cooling market was valued at USD 189.7 million in 2021 and is expected to grow at a CAGR of 22.0% during the forecast period. The increasing adoption of high-performance data centers and surging demand for heavy electronics devices by various industries are propelling the market demand. The immersion cooling solution manages heat generation by heavy chips, computers, and electronic appliances; thereby, manufacturers worldwide are highly adopting this solution.

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The immersion chilling is cost-effective, technology-friendly, and boosts power usage effectiveness. The growing demand for electronics & smart appliances in industries like construction, banking, schools, and hospitals is the primary factor driving the immersion cooling market growth. In addition to this, rapidly increasing digitalization involves online payment, booking, online classes, video conferencing, etc., which offers productive demand for the industry globally.

The outbreak of the COVID-19 has shown a considerable impact on the various sector of the global economy. The immersion cooling market has witnessed growth due to factors such as stringent government lockdown leading to the high adoption of digital solutions and services. There are various end-user verticals, government, and the population is inclined toward adopting electronic gadgets for banking, schooling, business, social meeting, etc.

The hospitals and pharmaceutical companies also used electronic platforms to provide healthcare services such as appointments, medication, awareness of the disease, registration, etc. Thereby, the growing demand for the IT component and electronics in this period is exhibiting the positive impact of the COVID-19 on the industry, which will lead to the immersion cooling market growth in the upcoming years.

Industry Dynamics

Growth Drivers
The rising penetration of innovative technologies in the construction, mining, and healthcare industries is the major driving factor propelling the immersion market growth in the forecast period. The changing lifestyle of the population is more inclined to adopt intelligent gadgets, which is anticipated to foster immersion cooling market growth. The rising disposable income facilitates the higher adoption of digital devices that involves online bookings, studies, etc., surging the industry demand. Moreover, the government is raising budgets for the development and advancement of the electronic industry.

Implementing stringent laws toward adopting low-energy solutions is another major factor driving the industry growth. For instance, as per IOP SCIENCE, in 2021, the projects for innovative home technologies are increasing rapidly and are estimated to reach USD 262 billion by 2025. Moreover, it is also stated that among all the intelligent technologies, the home entertainment technologies include innovative faucets with a compound annual rate of 21%. These factors are expected to boost industry demand in the coming years.

Immersion Cooling Market
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Report Segmentation

The market is primarily segmented on the basis of application, type, cooling fluid, and region.

By Application

By Type

By Cooling Fluid

By Region

  • High-performance Computing
  • Artificial Intelligence
  • Edge Computing
  • Cryptocurrency Mining
  • Others

 

  • Single-Phase Immersion Cooling
  • Two-Phase Immersion Cooling

 

 

  • Mineral Oil
  • Synthetic Fluids
  • Fluorocarbon-based Fluids
  • Others

 

  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Type

The single-phase product segment held the largest revenue share in 2021. The segment is gaining massive popularity as it remains in the liquid phase throughout the process, owing to its high boiling point. Thus, the segment offers high energy efficiency and is suitable for high data performances. In addition, the stringent government laws toward the adoption of environment-friendly products and single-phase immersion chilling systems are less harmful to the environment. Thereby, these factors are accelerating the segment growth.

The two-phase product segment is projected to exhibit the highest growth rate throughout the forecast period due to the rising demand for I.T. hardware and data centers that are also adopting two-phase immersion chilling solutions. On the other hand, the increasing digitalization and growth of electronics and other industries requiring two-phase immersion chilling segments for the chilling of heavy electronics equipment also propel the demand. For instance, as India Cellular And Electronics Association (ICER), in 2021, India's electronics export was rising rapidly and double from 2014- to 2019. In 2019, the revenue generation reached approximately USD 15 billion from the export of electronic devices.

Geographic Overview

Geographically, North America accounted for the largest revenue share in the global industry. The rising adoption and investment in cryptocurrency mining, artificial intelligence, cloud computing, etc., create lucrative demand for the immersion chilling market. The immersion chilling offers perfect chilling to the high-density data centers. Therefore, the rising penetration of high data centers in the region is anticipated to drive the industry's growth.

For instance, according to the Migrates Policy Institute, in 2021, the U. S government is raising investment toward surveillance up-gradation, which includes the adoption of artificial intelligence. It is found that the department of homeland security (DHS) has received around USD 780 million for technology & surveillance such as A.I. at the borders. Hence, these are major driving factors responsible for market expansion in North America.

Moreover, the Asia Pacific is anticipated to register the highest growth rate over the forecast period owing to the increasing focus on I.T. scalability & resilience by deploying hybrid colocation and cloud computing solutions. In addition, the rising trend of online schooling, online shopping, remote working, and social networking is rapidly growing, which bolsters the market growth in the Asia Pacific region. Accordingly, these factors augment the market growth due to the continuous technological advancements, development of the I.T. industry, and the rising presence of the globally leading market players Asia Pacific region.

Competitive Insight

Some of the major players operating in the global market include Asperitas, DCX - The Liquid Cooling Company, Dug Technology, Engineered Fluids, ExaScaler Inc., Fujitsu Ltd., Green Revolution Cooling Inc., Iceotope Technologies Ltd, Liquid Stack, LiquidCool Solutions, Midas Green Technologies, SixtyOneC Technology Corporation, Submer, TIEMMERS, and TK-SVYAZ.

Immersion Cooling Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 189.7 Million

Revenue forecast in 2030

USD 990.6 Million

CAGR

22.0% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD billion and CAGR from 2022 to 2030

Segments covered

By Application, By Type, By Cooling Fluid, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key Companies

Asperitas, DCX, Dug Technology, Engineered Fluids, ExaScaler Inc., Fujitsu Ltd., Green Revolution Cooling Inc., Iceotope Technologies Ltd, Liquid Stack, LiquidCool Solutions, Midas Green Technologies, SixtyOneC Technology Corporation, Submer, TIEMMERS, and TK-SVYAZ

Key Take-Away
Polaris Market Research
Immersion Cooling Market Size Global Report, 2022 - 2030