Immersion Cooling Market to be Worth US$2.1 Billion by 2032

The Global Immersion Cooling Market is expected to grow to US$2.1 billion by 2032 from US$300.3 million by 2022. The expected growth rate over 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 dangerous peak computing settings, and demand for reduced power consumption during data center cooling.

Over the projection period, demand for immersion cooling is likely to be driven by the growing desire of data centers for cost-effective and energy-efficient cooling solutions. Due to the proliferation of the Internet of Things (IoT) and Artificial Intelligence (AI), businesses are faced with massive amounts of data that require higher-density computing equipment to operate at the enterprise level. company.

Legacy data centers are unable to adapt to new types of workloads, which has fueled the demand for immersion-cooled 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 have a positive impact on immersion cooling market adoption trends.

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Moving to the cloud has various benefits, including increased scalability and elasticity, reduced total operational expenses, and lower capital expenditures. Additionally, the increasing volume of data transmission and the rise of big data have heightened the importance of secure data centers and immersion cooling.

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

Energy consumption increases as data centers install more technology to meet growing needs, resulting in higher operating expenses. The increase in power consumption improves the efficiency of power utilization, which is a key element in determining the energy efficiency of the data center.

While computers are expected to perform demanding calculations becoming more powerful, air-based cooling solutions struggle to keep up with the heat created by these chips. Immersion cooling systems are a viable alternative because they require less hardware, which reduces operating costs and energy consumption.

According to the Global Immersion Cooling Market Research by Future Market Insights, the lack of rules and regulatory requirements for immersion cooling poses a significant barrier to its widespread adoption.

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

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Key points to remember

• In the immersion cooling market, the cryptocurrency mining application is expected to grow at the fastest rate. This industry is highly competitive due to the huge growth potential of countries like the United States, Japan, India, and Germany.
• The US immersion cooling market size is expected to reach US$1.8 billion by 2032.
• During the forecast period, the single-phase immersion cooling type segment is expected to dominate the market and grow at the fastest CAGR. Because it is less expensive to set up and more energy efficient, the demand for single-phase immersion cooling is expected to continue to grow.
• Due to the high concentration of hyperscale data centers in these countries, the United States and Canada are the major contributors to the North American immersion cooling market revenue. The United States is home to 40% of the world’s total hyperscale installations.

Competitive landscape

With companies in the industry constantly developing new cooling solutions capable of cooling very dense storage components, the market is quite concentrated. They are also spending money on research and development to come up with new solutions that should help immersion cooling sales increase even more.

When it comes to the data center industry, there are a lot of M&A activities going on around the world which is expected to improve the ability of various players to invest in modern cooling infrastructure. Fujitsu Limited, Green Revolution Cooling, Submer Technologies and others are key players.

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RECENT DEVELOPMENTS

Wiwynn Corporation and Microsoft partnered in April 2021 to create a two-stage immersion cooling system for data centers. The partnership’s technological advances will be evaluated at a Microsoft-owned data center in Quincy, Washington.

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

Key sectors

By type:

• Single phase immersion cooling
• Two-stage immersion cooling

Per application:

• High performance computing
• Artificial intelligence
• Edge Computing
• Cryptocurrency mining
• Others

By coolant:

• Mineral oil
• Synthetic
• Fluorocarbon based
• Others

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About the IGF

Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.

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