Dublin, Jan. 17, 2024 (GLOBE NEWSWIRE) -- The "Global Immersion Cooling Market by Type (Single-Phase, Two-Phase), Application (High Performance Computing, Edge Computing, Cryptocurrency Mining), Cooling Fluid (Synthetic Oil, Mineral Oil), Component (Solutions, Services), and Region - Forecast to 2031" report has been added to ResearchAndMarkets.com's offering.
The global immersion cooling market is projected to grow from USD 0.4 billion in 2023 to USD 2.1 billion by 2031, at a CAGR of 24.1% from 2023 to 2031. 
The development of more efficient and effective immersion cooling technologies is driving the market's growth, as these advancements enable better performance and reduced temperature increases, which are crucial for maintaining optimal system performance. Immersion cooling technology is being used in various industries and applications where there is a need to efficiently cool electronic components, particularly in high-performance computing environments.
The immersion cooling market report is dominated by LiquidStack (Netherlands), Fujitsu (Japan), Green Revolution Cooling Inc (US), Submer (Spain), Asperitas (Netherlands), Midas Green Technologies (US), Iceotope Technologies Ltd (US), LiquidCool Solutions (US), and DUG Technology (Australia).
By type, the single-phase segment is estimated to be the largest segment of the immersion cooling market from 2023 to 2031
By type, single-phase are estimated to be the largest segment in the immersion cooling market in 2022. The driving force of the market is the efficiency of single-phase immersion cooling in dissipating heat. The dielectric liquid used in single-phase immersion cooling has a high heat capacity and thermal conductivity, allowing it to efficiently absorb and transfer heat away from electronic components. This results in enhanced cooling performance, enabling high-performance computing systems to operate at optimal temperatures, ultimately boosting overall system efficiency and longevity.
By application, the high performance computing is estimated to be the largest segment of the immersion cooling market from 2023 to 2031
By application, the high performance computing is to lead the immersion cooling market. The technology's ability to address the heat dissipation challenges associated with HPC, coupled with its energy efficiency, environmental sustainability, and ongoing technological advancements, positions immersion cooling as a key player in the evolving landscape of data center cooling solutions.
By cooling fluid, the synthetic fluids is estimated to be the largest segment of the immersion cooling market from 2023 to 2031
By synthetic fluid, the synthetic fluids is to lead the immersion cooling market. Energy efficiency is a significant driver for the growth of the immersion cooling market with synthetic fluids. Synthetic fluids often exhibit better heat transfer characteristics than traditional cooling methods, leading to improved energy efficiency. By efficiently absorbing and dissipating heat from electronic components, synthetic fluids enable data centers to achieve better overall energy performance and reduce operational costs associated with cooling.
Asia Pacific immersion cooling market is projected to witness the greatest during the forecast period
During the forecast period, North America is projected to be the most significant market for immersion cooling. North America's emphasis on sustainability and energy efficiency has played a pivotal role in the rising popularity of immersion cooling solutions. As data centers strive to minimize their environmental impact and reduce energy consumption, the efficiency gains offered by immersion cooling become particularly attractive. By directly submerging hardware components in a dielectric liquid, these systems eliminate the need for traditional air conditioning, leading to significant energy savings and aligning with the region's commitment to green technologies.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 240 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value (USD) in 2023 | $0.4 billion |
| Forecasted Market Value (USD) by 2031 | $2.1 billion |
| Compound Annual Growth Rate | 23.0% |
| Regions Covered | Global |
Premium Insights
- Adoption in Cryptocurrency Mining and Growing Server Density Driving Growth
- Asia-Pacific Immersion Cooling Market Projected to Witness Highest CAGR from 2023 to 2031
- Cryptocurrency Mining Accounted for Largest Share of North America Immersion Cooling Market
- Immersion Cooling Market in China Projected to Witness Highest CAGR from 2023 to 2031
Case Study Analysis
- Asperitas and Itrenew Partner to Bring Sustainable, Plug-And-Play Data Center Solution Full Circle
- Dug Reduced Energy Spending in Data Center by Adopting Grc's Immersion Cooling Technology
- Microsoft Chose Immersion Cooling Technology by Liquidstack for Its Cloud Servers
- Bitfury Group Enhances Data Center Cooling Efficiency Using 3M's Engineered Fluids
- Macquarie Telecom Group to Deploy Submer's Immersion Cooling Solutions at Its Data Centers
- Ntt Data Corporation to Adopt Liquidstack's Two-Phase Immersion Cooling Solutions at Its Data Centers
Market Overview
Drivers:
- Adoption in Cryptocurrency Mining & Blockchain
- Growing Density of Servers
- Growing Need for Eco-Friendly Data Center Cooling Solutions
- Rising Need for Cost-Effective Cooling Solutions
- Increasing Demand for Compact and Noise-Free Solutions
Restraints:
- Susceptibility to Leakage
- Dominance of Air Cooling Technology
Opportunities:
- Adoption in Low-Density Data Centers
- Emergence of Ai, High-Performance Electronics, Telecom, and Other Technologies
- Development of Cooling Solutions for Deployment in Harsh Environments
- High-Density Cooling Requirements
Challenges:
- High Investments in Existing Infrastructure
- Retrofitting Immersion Cooling Solutions in Large and Medium-Scale Data Centers
Technology Analysis
Single-Phase
- It Chassis
- Tub/Open Bath
Two-Phase
- Tub/Open Bath
Hybrid
Key Companies
- Green Revolution Cooling Inc.
- Submer
- Asperitas
- Liquidstack
- Midas Immersion Cooling
- Fujitsu
- Iceotope Technologies Limited
- Liquidcool Solutions
- Dug Technology
- Dcx - The Liquid Cooling Company
- Bitfury Group Limited
- 3M
- Engineered Fluids
- Teimmers
- Tmgcore, Inc.
- Giga-Byte Technology Co., Ltd.
- Wiwynn
- Hypertec
- Pezy Computing
- Prasa
- 2Crsi Group
- Kaori Heat Treatment Co., Ltd.
- Tas
- Delta Power Solutions
- Boyd
For more information about this report visit https://www.researchandmarkets.com/r/iujl9m
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