Global Immersion Cooling Fluids Market Size Quadruples to Cross USD 1 Billion by 2028

Published | 01 January 2023

Global immersion cooling fluids market is flourishing because of a growing demand for compact and noise-free solutions, an increasing need for eco-friendly cooling solutions for thriving data centers across countries, and a high adoption rate of cost-effective cooling solutions.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Immersion Cooling Fluids Market size at USD 241.5 million in 2021. During the forecast period between 2022 and 2028, BlueWeave expects global immersion cooling fluids market to grow at an impressive CAGR of 23.8% reaching a value of USD 1,060.1 million by 2028. Global immersion cooling fluids market expansion is driven by increasing the quantity and density of server racks, pressure to minimize energy consumption in data centers, and surging demand for cost-effective cooling solutions. The increasing number of hyper-scale data centers across the world is also boosting the growth in the global immersion cooling market, as hyper-scale data centers are widely used in different sectors to augment computing ability, memory, networking infrastructure, or storage resources, which support data centers in maximizing cooling efficiency and enhancing the ability to scale computing tasks faster. Increasing adoption of emerging technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), 5G, deep learning, cloud computing, and growing preference for a significant amount of data generated by businesses, resulting in a higher need for computational capacity, are expected to further boost the global market growth. However, requirement of additional and specialized infrastructure is expected to restrain the growth of global immersion cooling fluids market.

Global Immersion Cooling Fluids Market – Overview

Immersion cooling is an IT cooling technique that involves immersing a big power distribution component in a thermally conductive dielectric fluid. This approach is used to cool components such as transformers and electronic servers. The components are often submerged in coolant during this operation. Since these coolants are nonconductive and non-capacitive, they pose no risk to the electronics. The fans continue to rotate at a slower pace, circulating the oil over the heat sinks, and the heat generated by the electronic components is directly and efficiently transmitted into the fluid. This eliminates the requirement for interface materials, fans, shrouds, sheet metal, heat sinks, and other components used in conventional cooling methods.

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Global Immersion Cooling Fluids Market – By Application

Based on application, global immersion cooling fluids market is segmented into High-Performance Computing, Edge Computing, Artificial Intelligence, and Crypto currency Mining categories. The crypto currency mining segment holds the highest market share. Immersion cooling systems are being used in crypto currency mining owing to the high cost of electricity, the necessity for a sustainable cooling solution, and the lack of eco-friendly cooling systems. Immersion cooling is the most cost-effective method of maximizing the hash rate of any ASIC or GPU-based crypto currency miner. The high-performance computing segment holds the second highest market share. This market share can be ascribed to the widespread use of HPC (High Performance Computing) in a variety of industry applications, as well as organizations committed to expanding their important applications. As a result, server rack density has increased, rendering traditional cooling methods less effective. This has prompted HPC clients to abandon conventional cooling methods in favor of emerging and sustainable cooling technologies such as immersion cooling.

Impact of COVID-19 on Global Immersion Cooling Fluids Market

COVID-19 pandemic adversely affected all sectors including immersion cooling fluids market where the revenues fell marginally in 2020. However, in 2021, the revenues increased due to immersion cooling firms’ strategies to recover positively from the crisis, and the worldwide immersion cooling market is expected to rebound more robustly in the future. This is attributed to a 34% rise in data usage from the pre-pandemic period. The immersion cooling industry has grown because of factors, such as strict government regulations, which have resulted in widespread adoption of digital solutions and services. End-user verticals, government, and the public are all moving toward the usage of electronic devices for banking, education, business, and social gatherings

Competitive Landscape

Major players operating in Global Immersion Cooling Fluids Market include Green Revolution Cooling Inc., Submer, Asperitas, Liquidstack, Midas Green Technologies, Fujitsu, Iceotope Technologies Limited, Liquidcool Solutions, Dug Technology, DCX – The Liquid Cooling Company, Nynas AB, Ergon, Inc., PetroChina Chemical Limited, APAR Industries, Sinopec Lubricant Company, and ExaScaler Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and Global Immersion Cooling Fluids Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Immersion Cooling Fluids Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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