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Global Immersion Cooling Market to Grow at a CAGR of 22.61% During 2022-2027, Aided by the Rising Number of Data Centres in Emerging Economies

According to a new report by EMR titled, ‘Global Immersion Cooling Market Report and Forecast 2022-2027’, the market attained a value of more than USD 196.5 million in 2021. The market is further projected to grow at a CAGR of 22.61% between 2022 and 2027 to reach over USD 667.40 million by 2027.

The immersion cooling industry is driven by the increasing number of data centres in emerging economies. Immersion cooling bolsters the productivity of data centres and helps improve customer satisfaction. Data centres deal with hefty data, day-to-day communications, and collaboration services through computer resources. Hence, immersion cooling is important to improve network and storage infrastructure and support the efficient management of computer resources to meet the demands of clients. Over the forecast period, the increasing integration of artificial intelligence across industries is likely to propel the demand for immersion cooling to offer faster and efficient computing services.

In March 2021, Vertiv (NYSE: VRT) introduced Liebert® VIC, a single-phase immersion cooling solution developed in partnership with Green Revolution Cooling (GRC). Liebert® VIC is the company’s first liquid immersion cooling solution that offers improved cooling efficiencies for high-density data centres and edge applications. In dense computing environments, the product helps bolster the performance of data-intensive applications such as the Internet of Things (IoT) and edge computing and automation. The ability to support high-density loads of up to 100 kW per track by utilising warm water is one of the key features of Liebert® VIC.

In terms of region, North America is likely to account for a significant share of the market, owing to the rising investments by small, medium, and large enterprises to improve the performance of computing systems and support IT infrastructure for better outcomes. The market in the region is expected to be augmented by the growing adoption of technology across various end use industries, such as healthcare, e-commerce, and others.

Market Breakup by Service, Product Type, Cooling Fluid, Application, and Region:

  • The market is segmented based on service into design and consulting, installation and deployment, and support and maintenance.
  • The different product types in the market include single-phase immersion cooling system and two-phase immersion cooling system.
  • The market segmentation, on the basis of cooling fluid, includes mineral oil, fluorocarbon-based fluids, synthetic fluids, and deionised water, among others. 
  • The major immersion cooling applications include high-performance computing, edge computing, cryptocurrency mining, and artificial intelligence, among others.  
  • Region-wise, the global market for immersion cooling can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for immersion cooling is being driven by the rapid development of data centres, especially in emerging economies.
  • The growing investments aimed towards augmenting the performance of computing systems by medium and large enterprises are likely to bolster the market growth.
  • The market is anticipated to benefit from the rising demand for immersion cooling in high-performance applications and dense computing environments.
  • The market is likely to be aided by the adoption of advanced technological solutions including AI across various industries.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for immersion cooling for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the services, product types, cooling fluids, applications, and major regions of immersion cooling.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global immersion cooling market are Green Revolution Cooling, Inc., Fujitsu Limited, Submer Technologies SL, Asperitas BV, and Midas Green Technologies, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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