Immersion Cooling Market Trends Analysis And Forecast Till 2028: Grand View Research Inc.

 Immersion Cooling Market Growth & Trends

The global immersion cooling market size is anticipated to reach USD 458.4 million by 2028, registering a CAGR of 14.6% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for data center infrastructure along with the increased consumption of power by other cooling systems is likely to boost the demand for immersion cooling systems over the forecast period.

Cooling infrastructure in data center facilities accounts for almost half of the total energy consumption. The demand for data infrastructure is rising rapidly, resulting in the servers storing a higher amount of data and reaching their heat rejection thresholds faster. Data centers are adopting immersion cooling systems as it reduces energy consumption & overhead costs.

Apart from lowering the energy consumption, immersion cooling ensures less space utilization and helps increase the server density in the same installation space, thereby reducing the total cost of ownership. In addition, the data center industry has a significant carbon footprint resulting in an increased focus on the implementation of energy-efficient processes.

Data centers are focusing on using immersion cooling solutions to reduce their impact on the environment. For instance, in January 2020, LiquidCool Solutions collaborated with MIRIS to minimize its datacenters’ contribution to global warming by merging the use of waste heat with renewable energy sources and immersion cooling technology.

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Immersion Cooling Market Report Highlights

• High-performance computing is expected to grow at a CAGR of 12.6% from 2021 to 2028 as immersion cooling helps in improving HPC performance by delivering extraordinary IT hardware density while saving up to 95% of the cooling cost
• The mineral oilsegment is anticipated to witness a CAGR of 15.0% due to the high demand for mineral oil
• Mineral oil provides improved efficiency and simplicity in the facility design compared to the traditional air-cooling systems, thereby offering cost benefits
• North America accounted for over 35% of the global revenue share in 2020 due to the presence of intelligent building, large-scale data centers, and building automation vendors in the region
• Companies in the market are focusing on business expansion. For instance, in March 2021, Submer announced its collaboration with SYNNEX Corp. for increasing its presence in the U.S.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-immersion-cooling-market

Immersion Cooling Market Segmentation

Grand View Research has segmented the global immersion cooling market on the basis of product, application, cooling liquid, and region:

Immersion Cooling Product Outlook (Revenue, USD Million, 2017 - 2028)

• Single-phase
• Two-phase

Immersion Cooling Application Outlook (Revenue, USD Million, 2017 - 2028)

• High-performance Computing
• Edge Computing
• Cryptocurrency Mining
• Artificial Intelligence (AI)
• Others

Immersion Cooling Liquid Outlook (Revenue, USD Million, 2017 - 2028)

• Mineral Oil
• Fluorocarbon-based Fluids
• Deionized Water
• Others

Immersion Cooling Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Italy
  • Germany
  • France
  • The Netherlands
  • Russia
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players of Immersion Cooling Market

• Fujitsu Ltd.
• Dug Technology
• Submer
• Liquid Stack
• Midas Green Technologies
• Asperitas
• LiquidCool Solutions
• ExaScaler, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.