The global immersion cooling market size was estimated at USD 197.0 million in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 22.6% from 2023 to 2030.
The increasing demand for cost-efficient and energy-efficient cooling solutions from data centers is expected to drive growth.Strict lockdowns enforced by global governments in the wake of the COVID-19 pandemic in 2020 hampered industry expansion. The lockdowns also impacted data centers, wherein data center consolidation was put on hold. Moving servers, closing buildings, and constructing a new location were all more difficult in the COVID-19 universe. Data centers showed growth in demand, owing mostly to the global workforce working from home and an increase in e-commerce.
The immersion cooling market in the U.S. is undergoing a shift owing to the COVID-19 pandemic as players in this space undertook capacity expansion to meet the increasing demand for the product from data centers. The COVID-19 crisis spurred the spread of e-commerce to new enterprises, customers, and product categories. Furthermore, the rising need for IoT capabilities and cloud computing infrastructure in the U.S. is likely to fuel demand for data centers, particularly hyper-scale data centers.
Gather more insights about the market drivers, restrains and growth of the Immersion Cooling Market
Immersion Cooling Market Report Highlights
• Artificial intelligence is expected to grow at a CAGR of 26.3% from 2023 to 2030. Development and mass deployment of deep learning by Facebook, Microsoft, Google Amazon, and others are expected to boost market demand
• The demand for fluorocarbon-based fluids is anticipated to witness growth at a CAGR of 24.4%, owing to its high chemical & thermal stability, high dielectric strength, and relatively high vapor pressure aid the easy adoption for maintaining temperatures of equipment
• North America accounted for 35.8% of the global revenue share in 2022 owing to the presence of large-scale data centers, 5G network adoption, intelligent building, and building automation vendors in the region
• In January 2022, Intel has collaborated with Green Revolution Cooling (GRC) to develop and execute improved systems for future data centers in collaboration with data center clients
• Companies that provide immersion cooling are working on growing their global business footprints. For example, Submer announced a relationship with SYNNEX Corporation in March 2021 to increase its presence in the U.S.
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
• The global spherical silicon carbide market size was estimated at USD 3.68 billion in 2023 and is projected to grow at a CAGR of 11.0% from 2024 to 2030.
• The global railing market size was estimated at USD 51.52 billion in 2023 and is expected to grow at a CAGR of 5.0% from 2024 to 2030.
Immersion Cooling Market Segmentation
Grand View Research has segmented the global immersion cooling market based on product, application, cooling liquid, and region:
Immersion Cooling Product Outlook (Revenue, USD Million; 2018 - 2030)
• Single-Phase
• Two-Phase
Immersion Cooling Application Outlook (Revenue, USD Million; 2018 - 2030)
• High-performance Computing
• Edge Computing
• Cryptocurrency Mining
• Artificial Intelligence
• Others
Immersion Cooling Cooling Liquid Outlook (Revenue, USD Million; 2018 - 2030)
• Mineral Oil
• Fluorocarbon-based Fluids
• Deionized Water
• Others
Immersion Cooling Regional Outlook (Revenue, USD Million; 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o Germany
o Italy
o France
o UK
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 Saudi Arabia
o South Africa
Order a free sample PDF of the Immersion Cooling Market Intelligence Study, published by Grand View Research.
Comments