The report "Global Immersion Cooling Technology Market, By Type (Single-phase Immersion Cooling System and Two-phase Immersion Cooling System), By Cooling Fluid (Mineral Oil, Deionized Water, Fluorocarbon-based Fluids, and Synthetic Fluids), By Application (High-performance Computing, Edge Computing, Artificial Intelligence, Cryptocurrency Mining, and Other Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030. The growth in the number of hyper-scale data centres is driving the growth of the global immersion cooling technology market. Hyperscale data centres are widely used in different sectors to increase computing memory, ability, networking infrastructure, or storage resources. The different features of the hyper-scale data centres include the distribution systems and physical infrastructure that support the data centres for maximizing cooling efficiency, as well as the ability to scale computing tasks in a faster and quicker way. According to the National Association of Software and Services Companies (NASSCOM), IT exports from India might exceed US$ 330 billion by 2019-20. These accounts for nearly 14% of the projected worldwide spend if India maintains its current share of the global offshore IT market. Dealing with high-density power consumption propels the market as many industry accounts put cooling costs at about 40% of a data centre's energy consumption. Immersion cooling can reduce a data centre's energy usage by over 60%, with some systems stating it could be as much as 95%. For many data centres, that is millions of dollars in savings every year.

Key Highlights:

In March 2019, Fujitsu and INESA establish a joint venture to develop the smart manufacturing market in China in a move that would provide services and a platform for smart manufacturing solutions in China.
In March 2019, Submer developed SmartPodX, the latest addition to its SmartPod lineup of hyper-efficient cooling systems, at the OCP Global Summit, in San José, California. With similar advantages of its previous SmartPods, the new line-up was built to comply with Open Compute Project (OCP) specifications for high-performance computing (supercomputers) and hyperscale environments. The SmartPodX platform can accommodate, either standard 19-inch mountain rails or the 21-inch rails, used by the OCP.
Key Market Insights from the report:

The global immersion cooling technology market accounted for US$ 0.3078 billion in 2020 and is projected to register a moderate CAGR over the forecast period. The market report has been segmented based on type, cooling fluid, application, and region.

By type, single-phase immersion cooling segment accounted for the largest market share with 68.5% in 2018, and it is projected to register the highest CAGR of 14.2% during the forecast period.
By cooling fluid, mineral oils cooling fluid segment estimates for the major share of the global market. This is mainly attributed due to its energy-efficient cooling solution and low-cost. Further, cooling through mineral oil needs less energy as it retains heat 1,000 times better than air. It allows the equipment to operate well while being submerged and thus is a great thermal insulator.
By region, in 2018, North America is estimated to dominate the global immersion cooling technology market over the forecast period, owing to the presence of a large number of data centres in the region, coupled with the rise in popularity of this technology, especially in the U.S. In the U.S., the demand and rate of adoption for cloud-based computing are rapidly growing by technology giants, such as Facebook and Apple, owing to which, the number of data centres is increasing in the country, thereby, boosting the utilization of immersion cooling systems.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Immersion Cooling Technology Market”, By Type (Single-phase Immersion Cooling System and Two-phase Immersion Cooling System), By Cooling Fluid (Mineral Oil, Deionized Water, Fluorocarbon-based Fluids, and Synthetic Fluids), By Application (High-performance Computing, Edge Computing, Artificial Intelligence, Cryptocurrency Mining, and Other Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

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The prominent player operating in the global immersion cooling technology market includes Fujitsu Limited, Green Revolution Cooling Inc., Submer Technologies, Allied Control Ltd., Asperitas Company, LiquidCool Solutions, Midas Green Technologies, Iceotope Technologies Ltd., Wiwynn, and DCX Ltd.

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