Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Immersion Cooling Fluids Market by Type (Mineral Oil, Fluorocarbon-based Fluids, Synthetic Fluids), End Use (Transformers, Data Centers, EV Batteries, Solar PV), Technology (Single-Phase Cooling, Two-Phase Cooling) & Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
This comprehensive market study shines a spotlight on the significant expansion within the sector through 2030. The research estimates the market to be valued at USD 1.8 billion as of 2023, with expectations to surge to USD 3.2 billion by 2030, reflecting a compound annual growth rate (CAGR) of 8.2% during the forecast period.
Synthetic Fluids Spearhead Growth
Analyses within the study articulate that synthetic fluids represent the fastest-growing segment by type. These advanced, environmentally-friendly cooling solutions are gaining traction as they align with the burgeoning ethos of sustainability and corporate responsibility. Their non-toxic and non-flammable properties underscore their significance, especially in industries prioritizing green initiatives.
Electric Vehicle (EV) Batteries Segment to Fuel Market Expansion
The immersion cooling fluids market is witnessing a burgeoning application within the electric vehicle sector. Categorized as the most rapidly expanding end-use segment, the EV batteries market is instrumental in driving demand for immersion cooling fluids. As this market outlook suggests, the increase in global electric vehicle adoption is boosting the need for efficient thermal management solutions, further propelling market growth.
Asia Pacific Poised for Significant Market Share
Regionally, Asia Pacific stands out, projected to secure the largest market share during the forecast period. This impressive regional performance is underpinned by the widespread development of data centers, an emphasis on energy efficiency, and the rapid adoption of progressive computing technologies throughout Asia Pacific.
Comprehensive Market Insights
The detailed market analysis aims to offer an in-depth understanding of the market dynamics. By elucidating various factors—ranging from server density and energy-efficient cooling solutions to environmental considerations—the report is an invaluable resource for stakeholders seeking to navigate the market landscape effectively.
- Technological Innovations: The report explores future technologies and the continuous R&D fueling product innovation in the industry.
- Market Expansion Strategies: It provides a definitive guide on emerging markets with the potential for substantial growth in the immersion cooling fluids domain.
- Diversification Tactics: Readers receive in-depth intelligence on branching out into new products, untapped regions, and other recent market developments.
- Competitive Landscape: The study delivers an exhaustive assessment of market shares and growth strategies adopted by predominant market players.
The insights from this report are expected to help benchmark market presence, calibrate business strategies, and comprehend the underlying market catalysts and restraints. Industry players and potential entrants are equipped with valuable information to grasp the burgeoning market opportunities and the overarching challenges.
Key Market Dynamics
The research accentuates the core market drivers, from the proliferation of server densities and renewable energy expansions in Asia Pacific to the escalating demands from data centers for eco-friendly cooling technologies. Nonetheless, the market also faces challenges, such as mitigating the toxicity of certain cooling fluids and managing the implications of fluctuating crude oil prices.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 260 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $1.8 Billion |
| Forecasted Market Value (USD) by 2030 | $3.2 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
Companies Mentioned
- 3M
- Apar Industries
- Cargill, Incorporated
- Castrol
- Chemours
- Dober
- Engineered Fluids
- Ergon, Inc.
- Fluorez Technology Inc.
- Fuchs Petrolub SE
- Green Revolution Cooling Inc.
- Guangdong Giant Fluorine Energy Saving Technology Co. Ltd.
- Honeywell International Inc.
- Lanxess
- M&I Materials Limited
- Nynas Ab
- PetroChina Company Limited
- Sanming Hexafluo Chemicals Co. Ltd.
- Shell PLC
- Shenzhen Huayi Brother Technology Co. Ltd.
- Sinopec Lubricant Company
- Solvay
- Submer
- The Lubrizol Corporation
- Totalenergies
- Zhejiang Noah Fluorochemical Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/kmkk9o
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