The global immersion cooling market size is projected to reach USD 855.2 million by 2027, registering a CAGR of 22.8% during the forecast period, according to a new report by Grand View Research, Inc. Rising investments in data center infrastructure along with the increasing power consumption are expected to surge the product demand.
With the rapid development of internet of things (IoT), virtual reality (VR), 5G, artificial intelligence (AI) and the commercial application of the new cutting edge technologies, the demand for information interaction and data processing is increasing which has sped up the construction of new data centers resulting in creating opportunities for product manufacturers in recent times.
Rising investments in single assets and portfolios, increasing capitalization rates for stabilized data centers, an increase in the worldwide spending on public cloud services and infrastructure, and various government initiatives such as “Digital India” are expected to stimulate the demand for immersion cooling systems in the forthcoming years.
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Single-phase is expected to maintain its dominance over the forecast period, on account of its low system, tank and coolant cost; high coolant heat capacity; high dielectric strength; high biodegradability, and low environmental impact or Global Warming Potential (GWP) in comparison to two-phase immersion cooling systems.
Immersion Cooling Market Report Highlights
• In terms of revenue, the two-phase immersion cooling system is projected to expand at a CAGR of 23.4% owing to higher energy efficiency and energy savings, improved reliability, lower maintenance requirement, and deployment flexibility of the product
• High-performance computing contributed 35.8% to the overall market share in 2019 as they provide advantages for organizations that need a vast amount of computing power from their cloud providers
• Cryptocurrency mining application segment is expected to witness a CAGR of 24.6% over the forecast period, owing to enhanced transactional security, quick international transfers, decentralized system, and protection from fraud
• Asia Pacific is projected to witness robust growth over the forecast period due to the increased demand for data centers, rising power consumption, and an increasing number of AI application-driven startups
• The immersion cooling market has been witnessing key developments in terms of technological advancements and sustainability wherein the companies have been optimistic in developing strategies to gain a competitive advantage
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Immersion Cooling Market Segmentation
Grand View Research has segmented the global immersion cooling market on the basis of product, application, cooling liquid, and region:
Immersion Cooling Product Outlook (Revenue, USD Million, 2016 - 2027)
• Single-phase
• Two-phase
Immersion Cooling Application Outlook (Revenue, USD Million, 2016 - 2027)
• High-performance Computing
• Edge Computing
• Cryptocurrency Mining
• Artificial Intelligence
• Others
Immersion Cooling Liquid Outlook (Revenue, USD Million, 2016 - 2027)
• Mineral Oil
• Fluorocarbon-based Fluids
• Deionized Water
• Others
Immersion Cooling Regional Outlook (Revenue, USD Million, 2016 - 2027)
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o Italy
o U.K.
o Netherlands
o Russia
• Asia Pacific
o China
o India
o Japan
o Australia
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o South Africa
o Saudi Arabia
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.