Immersion Cooling Market To Propel at a Rate of About 25% by 2030

August 25 07:05 2022
Immersion Cooling Market To Propel at a Rate of About 25% by 2030
Geographically, North America accounted for the largest share of the immersion cooling market in 2021. This is mainly credited to the rising data storage needs and the increasing adoption of advanced technologies, such as AI, IoT, and cloud, in the region.

The total revenue of the immersion cooling market was about $259 million in 2021, and it will grow at a mammoth rate of around 25% by the end of this decade, to reach over $1,855 million by 2030. The increase in the count of data centers, producing large amounts of data, and the rapid use of cloud services are the main factors driving the growth of the market.

The single-phase category had a larger share, of approximately 70% revenue in the immersion cooling market in 2021. This is credited to the numerous benefits presented to users by this technique. For example, single-phase immersion cooling systems are energy efficient, simpler to function, lucrative, have low costs of maintenance, and coolant life of 1.5 decades. Consequently, the requirement for these systems in data centers is considerably higher, this is the reason that this category is the market leader.

The growing acceptance of innovative technologies has brought about a significant rise in temperature within data center infra and IT equipment. Data centers are increasingly looking for plans to efficiently cool their equipment while lessening their ecological impact and improving their capacity for computing. Also, the increasing count of data centers to meet the mounting demand for data and the surging count of end users are driving the requirement for effective cooling solutions, which, in line, enhance the immersion cooling market growth.

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The hyperscale data centers and cloud facilities have higher demand, as 5G networks are emerging rapidly. High-performance computing and AI applications are feasible with this network since 5G allows higher computing competence. With the rise in data and network needs, the data center will require to maximize competence, reliability, robustness, and safety.

Furthermore, the upgradation of infra to handle impending 5G breakthroughs and the surge in the acceptance of cloud solutions are increasing the requirement for data centers. These influences working together will surge the necessity for dependable and energy-competent immersion cooling solutions.

The immersion cooling market of North America has the largest revenue share, with approximately 40% in 2021. This is credited to the considerable investment in R&D, which is leading to the growth of next-gen facilities that are more competent and technologically innovative regarding power management. There are also numerous developers of data centers, which will have a positive impact on the market growth.

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APAC immersion cooling market will grow at the fastest rate, proceeding at a growth rate of above 25%, in the coming years, as a result of the wide acceptance of edge-computing technologies in various nations like the Peoples Republic, Japan, and India. Furthermore, the increasing manufacturing and finance industries will further drive the requirement for data centers, requiring more cooling. Furthermore, advancing blockchain and crypto mining also support the demand for immersion cooling in the region.

There is an increasing number of data centers, and also because of the generation of massive amounts of data, there is a huge need for immersion cooling.

Market Size Breakdown by Segment

By Product

  • Single-Phase
  • Two-Phase

By Application

  • Blockchain
  • High-Performance Computing
  • Data Center

By Liquid Type

  • Mineral Oils
  • Fluorocarbon-Based Fluids
  • Deionized Water

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • U.K.
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa

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