Global Immersion Cooling Market by Type, Application, Cooling Fluid Type, and Geography – Forecast to 2024 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Immersion Cooling Market by Type (Single-Phase and Two-Phase), Application (High Performance Computing, Edge Computing, Cryptocurrency Mining), Cooling Fluid Type (Mineral Oil, Synthetic Oil, Fluorocarbon Based), Geography – Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

The Global Immersion Cooling Market is projected to grow from $177 million in 2019 to $501 million by 2024, at a CAGR of 23.2%.

The immersion cooling market is projected to grow at a CAGR of 23.2% from 2019 to 2024, in terms of value

Increasing server rack density & chip density, new IT use cases, such as harsh edge computing environments, and pressure to reduce energy consumption in data center cooling is expected to drive the immersion cooling market during the forecast period.

The high-performance computing segment is projected to lead the immersion cooling market during the forecast period

Based on the application, the high-performance computing segment led to the immersion cooling market in 2018 in terms of value. Growth of this segment can be attributed to the fact that the adoption of High-Performance Computing (HPC) is gaining traction as enterprises across various industry verticals focus on scaling-up their complex applications. However, this will increase server rack densities and result in making conventional cooling systems redundant and is expected to lead HPC customers to switch from traditional cooling methods to immersion cooling solutions.

The single-phase type segment is projected to lead the immersion cooling market during the forecast period

Based on type, the single-phase immersion cooling segment is estimated to account for the largest share of the immersion cooling market in 2019. In single-phase immersion cooling, the coolant never changes state, that is, it never boils or freezes and always remains in liquid form. The coolant is pumped to a heat exchanger where heat is transferred to a cooling water circuit. This technique uses open baths, as there is little (or no) risk of the coolant evaporating.

Asia Pacific region is projected to grow the highest CAGR in the immersion cooling market during the forecast period

The Asia Pacific region is projected to grow at the highest CAGR in the immersion cooling market from 2019 to 2024. Increasing use of technologies, such as high-performance computing, artificial intelligence, edge computing, cloud computing, cryptocurrency mining, and enterprise computing, is leading to an increase in a server rack and chip density. This has resulted in high demand for energy for data center cooling.

The costs and logistics of conventional cooling systems have become more challenging and are forcing data center operators to switch from traditional cooling methods to immersion cooling solutions. The market is projected to grow rapidly in the Asia Pacific region, owing to the increased demand for immersion cooling from cryptocurrency miners in countries, such as China, Japan, India, and South Korea.

Competition

The study discusses competitive strategies adopted by leading market players, such as Fujitsu Limited (Japan), Green Revolution Cooling Inc. (US), Submer Technologies (Spain), Allied Control Ltd. (Hong Kong), Asperitas (The Netherlands), Midas Green Technologies (US), Iceotope Technologies Limited (UK), DCX – The Liquid Cooling Company (Poland), LiquidCool Solutions (US), DownUnder GeoSolutions Pty Ltd. (Netherlands), ExaScaler Inc. (Japan), and Horizon Computing Solutions (France).

Market Dynamics

Drivers

  • Increasing Density of Server Racks
  • Increasing Need for Cost-Effective Cooling Solutions
  • Growing Need for Eco-Friendly Data Center Cooling Solutions

Restraints

  • Requirement of Additional and Specialized Infrastructure
  • Lack of Recognition From End Users

Opportunities

  • Adoption in Low-Density Data Centers
  • Development of Cooling Solutions for Deployment in Harsh Environments

Challenges

  • High Investments in Existing Infrastructure

Company Profile

  • Fujitsu Limited
  • Green Revolution Cooling Inc.
  • Submer Technologies
  • Allied Control Ltd.
  • Asperitas
  • Midas Green Technologies
  • Iceotope Technologies Limited
  • LiquidCool Solutions Inc.
  • DownUnder GeoSolutions Pty. Ltd.
  • DCX – The Liquid Cooling Company
  • Liqit.io
  • ExaScaler Inc.
  • QCooling

For more information about this report, visit https://www.researchandmarkets.com/r/md0t4q.

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