Immersion Cooling Market to Be Worth Us$ 2.1 Billion by the Year 2032 - Comprehensive Research Report by FMI

Immersion Cooling Market Analysis, Outlook, Growth, Trends, and Forecasts 2022 - 2032

DUBAI, United Arab Emirates, April 04, 2022 (GLOBE NEWSWIRE) -- The global Immersion Cooling Market is projected to reach US$ 2.1 Bn by 2032 from US$ 300.3 Mn by 2022. The expected growth rate during the forecast period is 21.5%.

Immersion cooling is likely to be driven by increasing server rack density and chip density, new use cases such as hazardous edge computing settings, and demand to reduce energy consumption during data center cooling.

Immersion Cooling Market CAGR (2022-2032)21.5% 
Immersion Cooling Market Size (2022)US$ 0.3 Bn
Immersion Cooling Market Size (2032)US$ 2.1 Bn

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Over the projection period, the demand for immersion cooling is likely to be driven by data centers' increasing desire for cost- and energy-efficient cooling solutions. Because of the proliferation of the Internet of Things (IoT) and Artificial Intelligence (AI), businesses are dealing with massive amounts of data that require higher density IT gear to perform at an enterprise level.

Existing data centers are unable to adapt to new types of workloads, which has fueled demand for immersion cooling data centers, which consume less power and take up less space. Data centers in the United States are increasingly migrating to public and private cloud platforms, which is expected to positively impact the immersion cooling market adoption trends.

Moving to the cloud has various advantages, including increased scalability and elasticity, lower total operational expenses, and lower capital expenditure. Furthermore, the increasing volume of data transmission and the rise of big data has heightened the significance of safe data centers and immersion cooling.

As a result of such activities, the usage of IoT devices is predicted to increase, which is projected to increase the demand for immersion cooling systems. Data centers have traditionally relied on air cooling technologies.

Energy consumption rises when data center facilities install more technology to meet expanding needs, resulting in higher operational expenses. Rising energy consumption improves power usage effectiveness, which is a key component in determining data center energy efficiency.

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Scope of the Report

AttributesImmersion Cooling MarketImmersion Heater MarketData Center Immersion Cooling Market
CAGR (2022 - 2032)21.5% 5.5% 15.27% 
Market Value (2026)US$ 700 BnUS$ 6.8 BnUS$ 0.703 Bn
Growth FactorSales remain high as it is non-hazardous and can handle heat loads.Higher sales as it is a cost effective and ecological solution.Energy-efficient cooling solutions driving the demand for immersion cooling systems.
OpportunityProvides solutions which reduce data center power consumption.Replacements of conventional heaters with immersion heaters create a lucrative market.Artificial intelligence, blockchain, and other developing technologies are reshaping the market.
Key TrendsOrganizations are capitalizing on the immersion cooling technologies.End-user preference is growing, as is the creation of eco-friendly beneficial projects.Data centers cooling immersion solutions are contributing to reducing cooling energy consumption

As computers are meant to perform demanding computations become more powerful, air-based cooling solutions struggle to keep up with the heat created by these chips. Immersion cooling systems are a viable alternative since they require less hardware, lowering operating costs and lowering energy use.

As per the global immersion cooling market study by Future Market Insights, the lack of rules and regulatory requirements for immersion cooling is a significant barrier to its widespread adoption.

Standardization is recommended in non-homogeneous computational environments because standardized products are interchangeable. Because proprietary systems that are incompatible constitute a market barrier, specifications and standards must be developed to enable the global deployment of immersion cooling for data center equipment.

Key Takeaways

  • In the immersion cooling market, the cryptocurrency mining application is predicted to develop at the fastest rate. This industry is very competitive because of the tremendous potential for growth in nations such as the United States, Japan, India, and Germany.
  • The US immersion cooling market size is expected to reach US$ 1.8 Bn by 2032.
  • During the forecast period, the single-phase immersion cooling type segment is predicted to lead the market and grow at the fastest CAGR. Because it is less expensive to set up and more energy-efficient, demand for single-phase immersion cooling is expected to continue to grow.
  • Because of the high concentration of hyper-scale data centers in these nations, the United States and Canada are key revenue contributors to the North American immersion cooling market. The United States is home to 40 per cent of the world's total hyperscale facilities.

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Competitive Landscape

Owing to the firms in the industry are constantly developing new cooling solutions with the ability to cool very dense storage components, the market is fairly concentrated. They're also spending money on research and development to come up with new solutions that are projected to help the sales of immersion cooling grow even more.

In terms of the data center industry, there is a slew of merger and acquisition activities going on around the world, which is predicted to improve various players' ability to invest in modern cooling infrastructure. Fujitsu Limited, Green Revolution Cooling, Submer Technologies, and others are key players.

Recent Developments

Wiwynn Corporation and Microsoft teamed up in April 2021 to create a two-phase immersion cooling system for data centres. The partnership's technology advancements will be evaluated at a Microsoft-owned data centre in Quincy, Washington.

Iceotope Technologies Ltd. announced the release of a highly scalable, GPU-rich, and liquid-cooled solution for the deployment of HPC and AI workloads in colocation using Lenovo ThinkSystem SR670 servers in January 2021. The Ku:l Data Centre solution is able to withstand the increased heat loads brought on by processor roadmaps.

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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.


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