Immersion Cooling Market (By Product: Single-phase, Two-phase; By Application: High-performance Computing, Edge Computing, Cryptocurrency Mining, Artificial Intelligence (AI), Others; By Cooling Liquid: Mineral Oil, Fluorocarbon-based Fluids, Deionized Water, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 2030

The global immersion cooling market size is expected to be worth around US$ 461.4 million by 2030, according to a new report by Vision Research Reports.

The global immersion cooling market size was valued at US$ 160.5 million in 2020 and is anticipated to grow at a CAGR of 15.6% during forecast period 2021 to 2030.

Report Coverage

Report Scope Details
Market Size USD 461.4 million by 2030
Growth Rate CAGR of 15.6% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Application, Cooling Liquid
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Fujitsu Ltd.; Dug Technology; Submer; Liquid Stack; Midas Green Technologies; Asperitas; LiquidCool Solutions; ExaScaler, Inc.

Growth Factors

 Rising demand for data center infrastructure along with the increased consumption of power by other cooling systems is likely to boost the demand for immersion cooling systems over the forecast period.

The increasing demand for cost- and energy-efficient cooling solutions from data centers is expected to drive the market over the forecast period. Companies are dealing with large amounts of data due to the explosion of the Internet of Things (IoT) & Artificial Intelligence (AI) that need higher density IT gear to work at an enterprise level. Various existing data centers cannot adjust new kinds of workloads, which has increased the demand for immersion cooling data centers as they use low power and optimize space. Data centers in the U.S. are moving to public and private cloud platforms at an increasing pace.

By Product Analysis

The single-phase product segment held the market in 2020 with a revenue share of about 70%. In the case of single-phase immersion cooling, the cooling liquid has a high boiling point and remains in the liquid phase throughout the process. The two-phase system is similar to a single-phase system, with the only difference being the fluid changes from one state to another, i.e., from liquid to gas.

The two-phase product segment is expected to register the fastest CAGR of over 15% from 2021 to 2030 due to improved reliability, higher energy efficiency, lower maintenance requirements, and deployment flexibility offered by these systems.

By Cooling Liquid Analysis

The mineral oil segment dominated for the largest revenue share of more than 44% in 2020 and will expand at a steady CAGR from 2021 to 2030. Mineral oil provides improved efficiency, which further offers simplicity in the facility design compared to the traditional air-cooling systems, thereby offering cost benefits. Mineral oil is clear and has a high boiling point.

The demand for fluorocarbon-based fluids is likely to grow at the fastest CAGR of more than 16% over the forecast period. Majorly used fluorocarbon molecules in immersion cooling liquids include Perfluorocarbons (PFCs), Perfluoropolyether (PFPEs), Hydrofluoroethers (HFEs), and Fluorketones (FKs). 

By Application Analysis

The high-performance computing application segment led the market in 2020 with a revenue share of over 36%. There are various operational benefits of using an immersion-cooling system in a high-performance computing environment, including lower latency, the potential for heat reuse programs in urban & industrial areas, faster deployment with edge-ready solutions, and the ability to cool chip densities essential for HPC and zero wastage of water. The cryptocurrency mining segment is likely to grow at a CAGR of over 16% from 2021 to 2030. 

The edge computing segment is estimated to account for the second-largest revenue share by 2030. Immersion cooling systems support heavy workloads in smaller and limited spaces, where a conventional cooling system is unavailable or not practical. 

By Regional Analysis

North America led the global market in 2020 accounting for the largest revenue share of over 36% owing to the widespread presence of large-scale data centers. To keep up with the rapid growth of the digital economy, data centers in North America are investing in new high-performance computing servers that run at high speeds. Data centers are struggling to adapt to the consumer demand for more affordable hosting and colocation services. 

Asia Pacific is expected to be the fastest-growing regional market over the forecast period. Businesses across various industries, anticipating future pandemic-like systemic disruptions, are increasingly focusing on IT scalability and resilience by deploying cloud and hybrid colocation solutions. 

Key Players

  • Fujitsu Ltd.

  • Dug Technology

  • Submer

  • Liquid Stack

  • Midas Green Technologies

  • Asperitas

  • LiquidCool Solutions

  • ExaScaler, Inc. 

Market Segmentation

  • Product 

    • Single-phase

    • Two-phase

  • Application

    • High-performance Computing

    • Edge Computing

    • Cryptocurrency Mining

    • Artificial Intelligence (AI)

    • Others

  • Cooling Liquid

    • Mineral Oil

    • Fluorocarbon-based Fluids

    • Deionized Water

    • Others

  • Regional 

    • North America

      • U.S.

      • Canada

    • Europe

      • Italy

      • Germany

      • France

      • The Netherlands

      • Russia

      • U.K.

    • Asia Pacific

      • China

      • India

      • Japan

      • Australia

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • Saudi Arabia

      • South Africa

The Immersion Cooling market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Immersion Cooling market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Immersion Cooling market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Immersion Cooling market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Immersion Cooling market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Immersion Cooling capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Immersion Cooling by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Immersion Cooling market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Immersion Cooling market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Immersion Cooling market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Immersion Cooling industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Immersion Cooling market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Immersion Cooling market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Immersion Cooling market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Immersion Cooling market. These factors have benefited the growth of the global market for Immersion Cooling. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Immersion Cooling. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Immersion Cooling are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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