The global immersion cooling market size is expected to be worth around US$ 461.4 million by 2030, according to a new report by Vision Research Reports.
The global immersion cooling market size was valued at US$ 160.5 million in 2020 and is anticipated to grow at a CAGR of 15.6% during forecast period 2021 to 2030.
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Immersion Cooling Market (By Product: Single-phase, Two-phase; By Application: High-performance Computing, Edge Computing, Cryptocurrency Mining, Artificial Intelligence (AI), Others; By Cooling Liquid: Mineral Oil, Fluorocarbon-based Fluids, Deionized Water, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
Report Coverage
| Report Scope | Details |
| Market Size | USD 461.4 million by 2030 |
| Growth Rate | CAGR of 15.6% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Application, Cooling Liquid |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Fujitsu Ltd.; Dug Technology; Submer; Liquid Stack; Midas Green Technologies; Asperitas; LiquidCool Solutions; ExaScaler, Inc. |
Growth Factors
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.
The increasing demand for cost- and energy-efficient cooling solutions from data centers is expected to drive the market over the forecast period. Companies are dealing with large amounts of data due to the explosion of the Internet of Things (IoT) & Artificial Intelligence (AI) that need higher density IT gear to work at an enterprise level. Various existing data centers cannot adjust new kinds of workloads, which has increased the demand for immersion cooling data centers as they use low power and optimize space. Data centers in the U.S. are moving to public and private cloud platforms at an increasing pace.
By Product Analysis
The single-phase product segment held the market in 2020 with a revenue share of about 70%. In the case of single-phase immersion cooling, the cooling liquid has a high boiling point and remains in the liquid phase throughout the process. The two-phase system is similar to a single-phase system, with the only difference being the fluid changes from one state to another, i.e., from liquid to gas.
The two-phase product segment is expected to register the fastest CAGR of over 15% from 2021 to 2030 due to improved reliability, higher energy efficiency, lower maintenance requirements, and deployment flexibility offered by these systems.
By Cooling Liquid Analysis
The mineral oil segment dominated for the largest revenue share of more than 44% in 2020 and will expand at a steady CAGR from 2021 to 2030. Mineral oil provides improved efficiency, which further offers simplicity in the facility design compared to the traditional air-cooling systems, thereby offering cost benefits. Mineral oil is clear and has a high boiling point.
The demand for fluorocarbon-based fluids is likely to grow at the fastest CAGR of more than 16% over the forecast period. Majorly used fluorocarbon molecules in immersion cooling liquids include Perfluorocarbons (PFCs), Perfluoropolyether (PFPEs), Hydrofluoroethers (HFEs), and Fluorketones (FKs).
By Application Analysis
The high-performance computing application segment led the market in 2020 with a revenue share of over 36%. There are various operational benefits of using an immersion-cooling system in a high-performance computing environment, including lower latency, the potential for heat reuse programs in urban & industrial areas, faster deployment with edge-ready solutions, and the ability to cool chip densities essential for HPC and zero wastage of water. The cryptocurrency mining segment is likely to grow at a CAGR of over 16% from 2021 to 2030.
The edge computing segment is estimated to account for the second-largest revenue share by 2030. Immersion cooling systems support heavy workloads in smaller and limited spaces, where a conventional cooling system is unavailable or not practical.
By Regional Analysis
North America led the global market in 2020 accounting for the largest revenue share of over 36% owing to the widespread presence of large-scale data centers. To keep up with the rapid growth of the digital economy, data centers in North America are investing in new high-performance computing servers that run at high speeds. Data centers are struggling to adapt to the consumer demand for more affordable hosting and colocation services.
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. Businesses across various industries, anticipating future pandemic-like systemic disruptions, are increasingly focusing on IT scalability and resilience by deploying cloud and hybrid colocation solutions.
Key Players
Market Segmentation
The study objectives of this report are:
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