The Immersion Cooling Market is experiencing significant growth, driven by the surging demand from data center providers. Immersion cooling is an innovative cooling technique that involves submerging IT components, such as servers, in a non-conductive fluid to dissipate heat more efficiently than traditional air-based cooling methods.
Data center providers play a crucial role in managing and maintaining large-scale computing infrastructures that support the ever-increasing demand for data storage and processing. As data centers become more powerful and densely packed with servers, the need for effective cooling solutions becomes paramount. This is where immersion cooling comes into play.
The global immersion cooling market is expected to reach a valuation of US$ 2,547.9 Million by 2032, with the demand growing at an astounding CAGR of 21.7% from 2022 to 2032. Scaling up from a value of US$ 297.8 Million in 2021, the target market is likely to reach an estimated US$ 357.3 Million in 2022. Escalation in levels of data output and data processing all over the world is projected to fuel the growth of the immersion cooling market. Strict carbon emission control regulations coupled with a demand for high density and computation requirements will bolster the growth of the target market during the forecast period.
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The demand for immersion cooling is driven by the high energy generation of IT infrastructures and the critical need to effectively manage component heat. Immersion cooling improves data center productivity and has gained a significant 6-8% share of the global liquid cooling market.
The rapid increase in international internet traffic, driven by the growing usage of social networks, streaming, and gaming, has led to a surge in the demand for cloud and hyperscale data centers. Advancements in technology, including artificial intelligence, the Internet of Things, cloud computing, and machine learning, have further fueled the proliferation of data centers worldwide. As a result, the immersion cooling market is experiencing rapid growth due to the need for precise and efficient cooling solutions for high-density storage components in these data centers.
Other factors like elevated demand for smart devices, analytics, cloud computing, and wireless networking technologies which boost the demand for IT infrastructure, also supplement the growth of the target market. Government initiatives and regulations seeking to reduce carbon emissions are also driving the demand for the immersion cooling market during the forecast period.
Key Takeaways:
- Rising blockchain technology will strengthen the market prospects.
- The immersion cooling market in Europe will expand at a CAGR of 22.4%.
- Germany’s immersion cooling market will grow at a CAGR of 23.4%.
- The immersion cooling market in North America will register a CAGR of 20.1%.
- A prominent contributor in Europe, the immersion cooling market in the U.K. will reach a value of US$ 222.7 Mn in 2032.
- The synthetic and mineral oil segment will create a growth opportunity of US$ 1,540.2 Mn.
- Fluorocarbon-based fluids are likely to expand at 22.8% of value CAGR during the forecast period.
Competitive Landscape
3M, The DOW Chemical Company, FUCHS LUBRICANTS CO., Solvay’s, Shell, Chemours, DSI Ventures, Inc., MIVOLT, Engineered Fluids, Cargill Inc., GRC Cooling, and Zhejiang Juhua Co. Ltd. among others are some of the major players in the immersion cooling market profiled in the full version of the report.
Leading market players are focusing on product development so as to meet the rising demand for cost-effective and energy-efficient immersion cooling liquids. These firms are keen on releasing new products and employing strategies like partnerships and collaborations to strengthen their market presence.
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More Insights into Immersion Cooling Market Report
In its latest report, FMI offers an unbiased analysis of the global immersion cooling market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of type (single phase immersion cooling, two-phase immersion cooling), cooling fluid (mineral oil, synthetic, fluorocarbon-based, others), application (high-performance computing, artificial intelligence, edge computing, cryptocurrency mining, others), and region.
According to the latest FMI reports, based on segmentation, the synthetic and mineral oil cooling fluid segments are likely to witness heightened demand due to their affordability, and long-term usability in immersion cooling techniques. These two subsegments will generate a growth opportunity of US$ 1,540.2 Mn. In terms of application, the cryptocurrency mining segment is expected to grow at a CAGR of 23.4% during the forecast period.
Based on region, the immersion cooling market in the United States, France, and the United Kingdom is anticipated to demonstrate impressive growth. The target market in the U.S. is likely to register a value CAGR of 20.3% owing to the presence of numerous data centers, and stricter government rules on carbon emissions. In 2022, the immersion cooling market in the U.K. will account for about 25.4% of the market share in Europe while France’s immersion cooling market will likely be valued at more than US$ 220.2 Mn by 2032.
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