Immersion Cooling Market, Global Outlook and Forecast 2024-2032
The global Immersion Cooling market was valued at US$ 172.4 million in 2023 and is predicted to reach US$ 450.3 million by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period (2023-2030).
The growing demand for energy-efficient and compact cooling solutions for high-performance computing, data centers, and telecommunications is likely driving growth in this market. Instead of using noisy, power-hungry fans to blow air into the hot electronics, the device is simply immersed in a cooling fluid, allowing the liquid to absorb the heat.
This report aims to provide a comprehensive presentation of the global market for Immersion Cooling, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Immersion Cooling. This report contains market size and forecasts of Immersion Cooling in global, including the following market information:
-
Global Immersion Cooling Market Revenue, 2018-2023, 2024-2032, ($ millions)
-
Global top five companies in 2023 (%)
The global key manufacturers of Immersion Cooling include Fujitsu, Green Revolution Cooling(GRC), Submer Technologies, 3M, Supermicro, Equinix, Digital Realty, NTT and Allied Control, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
The immersion cooling market is a specialized segment within the broader data center and IT cooling industry. Immersion cooling is a method of cooling electronic components, such as servers and GPUs, by submerging them in a non-conductive liquid. This technology is becoming increasingly important due to its efficiency and effectiveness in managing heat in high-density computing environments.
Definition and Purpose: Immersion cooling involves submerging electronic components in a dielectric fluid that efficiently absorbs and dissipates heat. This method is used to manage the thermal output of high-performance computing systems and data centers, providing an alternative to traditional air or liquid cooling methods.
Key Drivers
-
Data Center Efficiency: The growing demand for data centers with high computing power and density drives the need for effective cooling solutions to manage heat more efficiently than traditional methods.
-
Energy Efficiency: Immersion cooling offers higher energy efficiency compared to conventional cooling methods, reducing the overall energy consumption and operating costs of cooling systems.
-
Environmental Concerns: Immersion cooling helps reduce the carbon footprint of data centers by minimizing energy consumption associated with cooling, aligning with sustainability goals.
-
Increased Computing Power: The rise of high-performance computing and advanced technologies, such as AI and machine learning, generates significant heat that requires efficient cooling solutions.
Types of Immersion Cooling
-
Single-phase Immersion Cooling: Uses a single-phase dielectric fluid to cool electronic components. The fluid absorbs heat from the components and is then circulated to a heat exchanger where it is cooled and recirculated.
-
Two-phase Immersion Cooling: Utilizes a dielectric fluid that undergoes a phase change from liquid to vapor as it absorbs heat. The vapor rises and condenses on a surface, releasing heat to a cooling system before returning to the liquid phase.
Market Segmentation
-
End-User Industry: Key industries using immersion cooling technology include data centers, high-performance computing (HPC) facilities, cryptocurrency mining operations, and telecommunications. Each industry has specific cooling needs based on the density and performance requirements of their electronic systems.
-
Geography: The immersion cooling market is global, with significant growth in regions such as North America, Europe, Asia-Pacific, and Latin America. Adoption rates may vary based on regional data center growth, technological advancements, and energy efficiency regulations.
Key Players
Several companies are prominent in the immersion cooling market, offering a range of products and solutions. Key players include:
-
Liquid Cooling Solutions (LCS): Specializes in immersion cooling and liquid cooling solutions for data centers and HPC environments.
-
CoolIT Systems: Provides immersion cooling and other thermal management solutions for data centers and high-performance computing.
-
Submer Technologies: Offers immersion cooling solutions and technologies designed for data centers and IT infrastructure.
-
Green Revolution Cooling (GRC): Known for its immersion cooling technology and solutions for high-density computing environments.
-
Asetek: Provides a range of cooling solutions, including immersion cooling systems for data centers and HPC applications.
Challenges and Opportunities
Challenges:
-
Cost: The initial cost of implementing immersion cooling systems can be high, which may deter some organizations from adopting the technology.
-
Compatibility: Ensuring compatibility with existing hardware and infrastructure can be a challenge, particularly for legacy systems.
-
Maintenance: Maintaining and servicing immersion-cooled systems requires specialized knowledge and practices, which can be a barrier for some organizations.
Opportunities:
-
Technological Advancements: Ongoing research and development in immersion cooling technologies offer opportunities for improved performance, cost reduction, and broader adoption.
-
Increased Adoption in HPC and AI: The growing demand for high-performance computing and artificial intelligence creates opportunities for immersion cooling solutions that can efficiently manage the heat generated by these advanced systems.
-
Sustainability Initiatives: As organizations seek to reduce their environmental impact, immersion cooling offers a more energy-efficient and environmentally friendly alternative to traditional cooling methods.
We surveyed the Immersion Cooling companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Immersion Cooling Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Immersion Cooling Market Segment Percentages, by Type, 2023 (%)
- Single-Phase Immersion Cooling
- Two-Phase Immersion Cooling
Global Immersion Cooling Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Immersion Cooling Market Segment Percentages, by Application, 2023 (%)
- High Performance Computing
- Artificial Intelligence
- Edge Computing
- Cryptocurrency Mining
- Cloud Computing
- Others
Global Immersion Cooling Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Immersion Cooling Market Segment Percentages, By Region and Country, 2023 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Immersion Cooling revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Immersion Cooling revenues share in global market, 2023 (%)
key players include:
- Fujitsu
- Green Revolution Cooling(GRC)
- Submer Technologies
- 3M
- Supermicro
- Equinix
- Digital Realty
- NTT
- Allied Control
- Asperitas
- Midas Green Technologies
- Iceotope Technologies
- LiquidCool Solutions
- Downunder Geosolutions
- DCX Liquid Cooling Company
- Solvay
- Liqit
- Exascaler
- Qcooling
- Horizon Computing Solutions
- Wiwynn
- PRASA InfocomPower Solutions
- Including or excluding key companies relevant to your analysis.
Outline of Major Chapters:
Chapter 1: Introduces the definition of Immersion Cooling, market overview.
Chapter 2: Global Immersion Cooling market size in revenue.
Chapter 3: Detailed analysis of Immersion Cooling company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Immersion Cooling in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.