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 2029″
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) and many more….
Driver: Adoption of cryptocurrency mining & blockchain
The adoption of cryptocurrency mining and blockchain technologies is expected to drive the immersion cooling market’s growth. Cryptocurrency mining, which involves solving complex algorithms and generating significant heat, can benefit from immersion cooling’s ability to maintain optimal temperatures and reduce energy costs.. This has led to a renewed interest and investments in crypto mining, with immersion cooling offering advantages such as increased efficiency, hardware longevity, and improved mining power.
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By type, single phase immersion cooling is estimated to hold the most significant share of the global immersion cooling market.
By type, single phase immersion cooling is estimated to dominate the immersion cooling market globally. Scalability is one of the key factor influencing the adoption of single-phase immersion cooling. The modular nature of these systems allows for flexible and scalable deployment, making them suitable for both large-scale data centers and smaller edge computing environments. This adaptability is particularly crucial as organizations seek solutions that can efficiently cool diverse hardware configurations while accommodating future expansion and changes in computing infrastructure.
High Performance Computing is estimated to hold the most significant share of the global immersion cooling market by application.
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 conputing.