Freely subscribe to our NEWSLETTER

Advancements in technologies such as artificial intelligence, Internet of Things (IoT), cryptocurrency mining, machine learning, and increased computing power and performance requirements have led to increased server density. This increased server density causes an upsurge in the amount of heat generated in data centers. However, increased retrofitting costs of existing infrastructure, coupled with the requirement for new specialized infrastructure, act as restraints for the growth of the immersion cooling market.

Based on type, the single-phase immersion cooling is estimated to grow at the highest CAGR during the forecasted period. In single-phase immersion cooling, the cooling fluid will not changes phase and will remains in a liquid form. The cooling fluid gets pumped to a heat exchanger where heat is transferred to a cooler water circuit. Due to this, there are no chances of the cooling fluid getting evaporated. However, in two-phase immersion cooling technique the cooling liquid will change phase and convert to vapor after absorbing the heat. This is expected to drive the single-phase type segment during the forecast period.

Based on application, the second largest share is attributed to the high-performance computing segment. This market share can be attributed to the adoption of HPC (High Performance Computing) in various industry applications and organisations focusing on expanding their critical applications. This has resulted in increased server rack densities, resulting in making conventional cooling systems less effective. This has encouraged HPC customers to switch from traditional cooling methods and adopt innovative and sustainable cooling solutions such as immersion cooling solutions.

Solutions segment is projected to have the largest market share in the immersion cooling market

Based on components, solutions segment has the largest market share in the forecast period. Based on components the market is segmented into two segments namely, services and solutions. Solutions segment include different components of immersion cooling systems such as tanks, compressors, tubing, and heat exchangers. Various vendors offer these components used to build immersion cooling systems. These components are used for building customized immersion cooling systems. This is said to fuel the segment in the market.

Furthermore, as a part of the qualitative analysis of the immersion cooling market, the research provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing the growth of the market across the globe. It also discusses competitive strategies adopted by the leading market players such as LiquidStack (Netherlands), Fujitsu (Japan), Green Revolution Cooling Inc (US), Submer (Spain), Asperitas (Netherlands), Midas Green Technologies (US), Iceotope Technologies Ltd (US), LiquidCool Solutions (US), DUG Technology (Australia), DCX - The Liquid Cooling Company (Poland), ExaScaler Inc (Japan), SixtyOneC Technology Corporation (Canada), Engineered Fluids (US), TIEMMERS (Netherlands), TMGcore, Inc. (US), GIGA-BYTE Technology Co., Ltd. (Taiwan), Wiwynn (Taiwan), Hypertec (Canada), TAS (US), and Delta Power Solutions (Taiwan).