The global immersion cooling industry 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.
IT infrastructures generate high levels of energy and it is immensely important to lessen or stop the heat from the components. These two factors work together to drive the demand for the immersion cooling market. Immersion cooling enhances the productivity of data centers. Thus, the rising popularity of the target market has resulted in its acquisition of about 6-8% of the global liquid cooling market.
In the past few years, the escalating usage of social networks, streaming, and gaming has caused a rapid increase in international internet traffic. Superior connectivity is needed for an uninterrupted network, which leads to frequent use of cloud and hyperscale data centers.
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Due to advancing technology and the introduction of new data-generating technologies such as artificial intelligence, the internet of things, cloud computing, and machine learning, more and more data centers are opening up all over the world. Hence, the need for precise and effective cooling for these high-density storage components or data centers pushes the immersion cooling market to grow at a rapid rate.
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.
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