Immersion Cooling Business Research Report 2024: Global Market to Reach $2.2 Billion by 2030, Driven by Demand from Data Centers, High Electricity Costs and Sustainable Operations

Dublin, Nov. 07, 2024 (GLOBE NEWSWIRE) — The “Immersion Cooling – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Immersion Cooling was estimated at US$585.7 Million in 2023 and is projected to reach US$2.2 Billion by 2030, growing at a CAGR of 20.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

What Factors Are Driving the Growth in the Immersion Cooling Market?

The growth in the immersion cooling market is driven by several factors, including the increasing demand for energy-efficient cooling solutions in data centers, the rising cost of electricity, and the need for more sustainable operations in the tech industry. As power densities in data centers continue to rise, traditional air-based cooling systems are becoming less effective and more expensive to operate. Immersion cooling, with its superior heat dissipation and lower energy consumption, is emerging as a critical solution to these challenges.

Additionally, the growth of cloud computing, AI, and cryptocurrency mining is pushing data centers to adopt more advanced cooling technologies to support the intense computational workloads. Regulatory pressure to reduce the carbon footprint of data centers is also playing a significant role in driving the adoption of immersion cooling systems.

Why Is Immersion Cooling Emerging as a Critical Solution in Data Centers?

Immersion cooling is revolutionizing thermal management in data centers by offering an efficient, cost-effective, and environmentally friendly alternative to traditional air cooling systems. As data centers grow in complexity and power density, particularly with the advent of AI, machine learning, and cloud computing, managing the heat generated by high-performance servers has become a top priority.

Immersion cooling involves submerging IT hardware in a thermally conductive, dielectric liquid that absorbs heat more effectively than air, allowing for better heat dissipation. This method not only reduces energy consumption associated with cooling but also prolongs the life of equipment by minimizing exposure to heat-related wear and tear. With rising energy costs and increasing awareness of the environmental impact of data centers, immersion cooling offers a promising solution for both energy efficiency and sustainability.

How Are Technological Innovations Shaping the Immersion Cooling Market?

Technological advancements are driving significant improvements in immersion cooling systems, particularly in liquid formulations and cooling unit designs. Modern dielectric fluids are specifically engineered to enhance heat transfer while maintaining compatibility with sensitive electronic components. These fluids are often non-toxic, biodegradable, and have high boiling points, ensuring reliable cooling even under extreme workloads. On the hardware side, manufacturers are developing more compact and modular immersion cooling tanks that can be easily integrated into existing data center infrastructures.

Additionally, the use of AI and machine learning for predictive maintenance and system optimization is becoming more prevalent, allowing data centers to adjust cooling systems dynamically based on real-time workloads and environmental conditions. These innovations are making immersion cooling more efficient, scalable, and accessible for a wider range of applications beyond just high-performance computing.

How Do Market Segments Define the Growth of the Immersion Cooling Industry?

Types of immersion cooling include single-phase and two-phase systems, with single-phase systems leading the market due to their simplicity and lower maintenance requirements. Applications of immersion cooling range from data centers and high-performance computing to edge computing and cryptocurrency mining, with data centers accounting for the largest market share.

End-users include hyperscale data centers, colocation providers, and enterprise IT, with hyperscale data centers driving the most significant demand as they face increasing pressure to improve energy efficiency while scaling operations. The market is also expanding geographically, with North America and Asia-Pacific regions leading the adoption of immersion cooling solutions due to their concentration of large-scale data centers and tech industries.

Key Topics Covered:

• Rising Demand for Energy-Efficient Data Centers Spurs Growth in Immersion Cooling
• Technological Advancements in Liquid Cooling Solutions Strengthen the Business Case for Immersion Cooling
• Increasing Focus on Reducing Data Center Carbon Footprint Expands Addressable Market for Immersion Cooling
• Rising Adoption of High-Performance Computing (HPC) and AI Workloads Drives Demand for Advanced Cooling Solutions
• Government Regulations on Energy Efficiency and Environmental Standards Propel Adoption of Immersion Cooling
• Expansion of Cloud and Edge Computing Infrastructures Fuels Growth in Immersion Cooling Market
• Technological Innovations in Cooling Fluids and Dielectric Liquids Propel Market Innovation
• Rising Focus on Sustainable Cooling Solutions in Hyperscale Data Centers Drives Market Growth
• Growing Use of Immersion Cooling in Cryptocurrency Mining Farms Accelerates Market Demand
• Technological Innovations in Two-Phase and Single-Phase Immersion Cooling Systems Strengthen Product Adoption

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Single-Phase Immersion Cooling segment, which is expected to reach US$1.3 Billion by 2030 with a CAGR of a 17.8%. The Two-Phase Immersion Cooling segment is also set to grow at 25.6% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, which was estimated at $165.7 Million in 2023, and China, forecasted to grow at an impressive 20.1% CAGR to reach $338.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players in the Immersion Cooling market such as Allied Control Ltd, Asperitas, DCX – the Liquid Cooling Company, Downunder Geosolutions Pty Ltd, Exascaler Inc and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 33 companies featured in this Immersion Cooling market report include

• Allied Control Ltd
• Asperitas
• DCX – the Liquid Cooling Company
• Downunder Geosolutions Pty Ltd
• Exascaler Inc
• Fujitsu Limited
• Green Revolution Cooling Inc
• Iceotope Technologies Limited
• Liqit.Io
• Liquidcool Solutions, Inc
• Midas Green Technologies
• Qcooling
• Submer Technologies

Key Attributes:

For more information about this report visit https://www.researchandmarkets.com/r/ctm55s

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• Immersion Cooling Market

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