The report “Immersion Cooling Market by Type (Single-Phase, Two-Phase), Application (High Performance Computing, Edge Computing, Cryptocurrency Mining), Cooling Fluid (Synthetic Oil, Mineral Oil), Component (Solutions, Services), and Region – Global Forecast to 2031″, is projected to grow from USD 0.4 billion in 2023 to USD 2.1 billion by 2031, at a CAGR of 24.1% from 2023 to 2031. The market is witnessing robust growth worldwide due to growing application of immersion cooling technologies for high performance computing and cryptocurrency mining.
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• 179 Market data Tables
• 50 Figures
• 247 Pages and in-depth TOC on “Immersion Cooling Market- Global Forecast to 2031″
Some of the prominent key players are:
· LiquidStack (Netherlands)
· Green Revolution Cooling Inc (US)
· Submer (Spain)
· Iceotope Technologies Ltd (US)
· DCX – The Liquid Cooling Company (Poland)
· Engineered Fluids (US)
· TIEMMERS (Netherlands)
· TMGcore, Inc. (US)
· GIGA-BYTE Technology Co., Ltd. (Taiwan)
· Wiwynn (Taiwan)
· Hypertec (Canada)
· TAS (US)
· Delta Power Solutions (Taiwan)
Driver: Adoption of cryptocurrency mining & blockchain
By application, the high performance computing segment is projected to dominate the global immersion cooling market during the forecast period. The increasing density of computing hardware, with the rise of more powerful processors and accelerators, poses a challenge for conventional cooling solutions. Immersion cooling addresses this challenge by providing a uniform and effective cooling solution across densely packed hardware configurations. This factor is to surge the demand for immersion cooling technology in high performance computing.
North America regional segment accounted for the largest share of the Immersion Cooling market.
The geographical and climatic diversity across North America has also influenced the adoption of immersion cooling. In regions with higher ambient temperatures, traditional air-based cooling methods can be less effective and more energy-intensive. Immersion cooling, with its ability to provide uniform and efficient cooling regardless of external temperatures, presents itself as a viable solution for data centers operating in various climates, contributing to its widespread acceptance.
Key Players Analysis
Green Revolution Cooling (GRC) is a company that specializes in liquid immersion cooling for data centers. Their patented technology increases performance, enhances sustainability, and optimizes total cost of ownership (TCO) by eliminating conventional power-hungry air-cooling infrastructure.
GRC’s ICEraQ™ micro-modular systems increase efficiency and lower capital and operational expenditures by up to 50% responsible solutions.
Submer is a company that provides immersion cooling solutions for data centers and other IT infrastructure and related hardware. The company is based in Spain and is known for developing innovative products designed to be effective and easy-to-operate liquid immersion cooling solutions. Summer uses inorganic and organic growth strategies to cater to more prominent end-users and gain more market share in the immersion cooling market. In June 2021, Submer announced its partnership with ASA Computers, a leading IT solution provider that delivers innovative systems-to-rack solutions.