Immersion Cooling Market to Reach US$ 2,547.9 Mn, Globally, by 2032 at 21.7% CAGR | FMI
The global immersion cooling market is expected to reach US$ 357.3 Mn in 2022, growing at a CAGR of 21.7% from 2022 to 2032, according to Future Market Insights analysis. The market for immersion cooling is seeing increased demand due to the usage of technologies like cryptocurrency mining, artificial intelligence, and high-performance computing, as well as shifting government policies around carbon emissions.
For a variety of pieces of equipment, cooling fluids are employed as heat transfer fluids. Due to their higher resistance to electrical breakdown and improved high heat transfer efficiency, energy- and cost-efficient dielectric fluids are highly chosen in immersion cooling.
A significant rise in data mining has been observed all over the globe, which is owing to growth in the commodities trade, cryptocurrency mining, and extensive data processing at servers. Servers with high power densities and extensive data processing has been expected to bolster demand for immersion cooling during the assessment period.
Due to the rising demand for 5G connections, cloud gaming, the Internet of things (IoT), and technological breakthroughs, information and communications technology (ICT) infrastructure is rapidly growing throughout the world which is increasing energy consumption in data centers. The heat produced by data centers may be removed more effectively with immersion cooling.
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Hyperscale data centers allow digital platforms to store and move data efficiently. During the forecast period, demand for immersion cooling will increase due to the fact that hyperscale facilities are more suited than existing data centers to handle massive computational workloads and high volume traffic.
Key Takeaways of Immersion Cooling Market Study
- Over the course of the forecast period, the value of the single phase immersion cooling is projected to increase at a value CAGR of 2% to reach around US$ 1,336.5 Mn by 2032
- In terms of application, edge computing is anticipated to account for more than 9% of the global market.
- In the global market, synthetic fluids type of cooling fluids are projected to grow at a value CAGR of 9%.
- The Europe market is projected to expand at 22.4%, making it a prominent market, as a result of government regulations in the automotive industry.
“Rising data collection and processing due to demand for digital services, technological advancements, and increased disposable income is increasing power consumption at several data centers and IT Infrastructures. The market for immersion cooling is supported by rising energy demands from IT infrastructures, and changing governmental regulations. Manufacturers are striving to develop cooling solutions which satisfy both end user and environmental standards by introducing biodegradable cooling fluids with high dielectric properties. Key players are focusing on several collaborations and expansion plans to penetrate into the markets” says Future Market insights analyst
The top manufacturers dominate the immersion cooling market globally, which is moderately consolidated. Market players are attempting to increase their market share by developing cooling fluids with optimal heat transfer efficiency and high dielectric properties to meet end-user requirements and regulatory standards.
Key players of immersion cooling also adhere to governmental regulations and introduction of new products and significant expenditures on R&D. The DOW Chemical Company, 3M, FUCHS Lubricants Co., Solvay S.A., and Shell are a few of the market’s key participants.
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More Insights into the Immersion Cooling Market Report
In its latest report, Future Market Insights offers an unbiased analysis of the global immersion cooling market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on type, cooling fluids, application, and region.
Key Segments Covered in Immersion Cooling Industry Analysis
Immersion Cooling Market by Type:
- Single Phase Immersion Cooling
- Two-Phase Immersion Cooling
Immersion Cooling Market by Cooling Fluid:
- Mineral Oil
Immersion Cooling Market by Application:
- High-performance Computing
- Artificial Intelligence
- Edge Computing
- Cryptocurrency Mining
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