Global Immersion Cooling Technology Market Overview
Immersion Cooling Technology Market Size was valued at US$ 313.8 million in 2024 and is projected to grow at a CAGR of 31.6% to reach US$ 3,836.9 million by 2034.
Immersion cooling technology is often called liquid submersion cooling. It involves immersing individual computer parts or entire servers in a dielectric coolant, a liquid that conducts heat but not electricity. IT hardware is infrequently cooled using liquid submersion, a repeated technique for cooling big power distribution components like transformers. Innovative data centers all around the world are gradually adopting this technique. When servers or IT hardware is cooled this way, fans are not needed, and a heat exchanger—a heater core or radiator—is typically used to transfer heat between the cold water circuit and the heated coolant. Large liquid-to-chilled heat exchangers are used in extreme-density supercomputers, including the Cray T90 and Cray-2, to remove heat.
The market demand is being driven by the growing use of high-performance data centers and the soaring need from various sectors for heavy electronics devices. As a result of the immersion cooling solution's ability to control heat generation from large chips, computers, and electrical appliances, manufacturers everywhere are rapidly using it. Immersion cooling reduces costs, is compatible with modern technology, and improves power efficiency. The main driver propelling the growth of the immersion cooling market is the increasing need for electronics and smart appliances in sectors such as banks, schools, hospitals, and construction. Furthermore, the sector benefits from the constantly growing need for digitization, which includes online booking, payments, courses, video conferencing, etc. on a worldwide scale.
Global Immersion Cooling Technology Market Dynamics
Key Drivers of Target Market:
Increasing number of data centers
- The increase in hyper-scale data centers is driving the growth of the global immersion cooling technology market. Hyperscale data centers are widely used in different sectors to increase computing memory, ability, networking infrastructure, or storage resources. The other features of the hyperscale data centers include the distribution systems and physical infrastructure that support the data centers for maximizing cooling efficiency, as well as the ability to scale computing tasks faster and quicker.
- According to the National Association of Software and Services Companies (NASSCOM), IT exports from India might exceed US$ 330 billion by 2019-20. These account for nearly 14% of the projected worldwide spending if India maintains its global offshore IT market share. Dealing with high-density power consumption propels the market as many industry accounts put cooling costs at about 40% of a data center's energy consumption. Immersion cooling can reduce a data center's energy usage by over 60%, with some systems stating it could be as much as 95%. For many data centers, that is millions of dollars in yearly savings.
Restrains:
Lack of recognition among end users
- Immersion cooling is a new method with several applications in data mining, artificial intelligence, machine learning, and high-performance computing (HPC). Major players in the market, such as Google and Microsoft, have begun using the technology. However, end customers who don't correctly understand this technology are hyper scalers like Amazon and Facebook. Most big businesses are just starting to use it for new technologies like cloud computing, machine learning, and artificial intelligence. Therefore, the market's expansion is hampered by the lack of end-user recognition.
Global Immersion Cooling Technology Market Segmentation
The market is segmented based on Type, Cooling Fluid, Application and region:
Type Insights:
- Single-phase Immersion Cooling System:
This system absorbs heat from electronic components using a single liquid state, usually a liquid. After passing through a heat exchanger to cool, the hot liquid is poured back into the tank, where the electronics are submerged.
- Two-phase Immersion Cooling System:
This kind of system absorbs heat from electronics by using a coolant's phase transition from liquid to vapor and back. Heat is transferred when the vapor rises and condenses again into a liquid in a different compartment while the coolant boils around the electronics.
Among the segments mentioned above, the one that dominated the market is the Single-phase Immersion Cooling System segment because single-phase systems are low-cost, effective, and straightforward cooling techniques. In a single-phase immersion cooling system, the devices are submerged in the single-phase dielectric heat transfer fluid.
Cooling Fluid Insights:
- Mineral Oil:
This option is widely used because of its strong dielectric strength, which allows it to withstand electrical currents, good heat conductivity, and affordable price. However, mineral oil must be handled carefully to prevent fire threats, as it has the potential to catch fire.
- Deionized Water:
Deionized water has a lower dielectric strength than mineral oil but offers great thermal conductivity. Strict purity control is necessary for deionized water to avoid corrosion and problems with electrical conductivity.
- Fluorocarbon-based Fluids:
Fluorocarbons have high dielectric strength and thermal conductivity, which makes them appropriate for high-performance uses. However, because they can produce greenhouse gases, they can be costly and pose environmental risks.
- Synthetic Fluids:
This group includes several artificial fluids made for particular immersion cooling uses. Synthetic fluids offer benefits such as enhanced fire safety, biodegradability, and specially designed qualities for peak performance.
Among the segments mentioned above, mineral oil dominated the market because it is more efficient, which makes facility construction easier and lowers costs. Because of its high boiling point, transparency, and oiliness, mineral oil is employed as a single-phase dielectric.
Application Insights:
- High-performance Computing:
HPC data centers need effective cooling technologies to control the enormous heat produced by potent computer clusters. Immersion cooling, which provides a competitive substitute for conventional air cooling, makes higher power densities and better system performance possible.
- Edge Computing:
As edge computing becomes more popular, smaller, dispersed computer nodes require effective cooling solutions. Immersion cooling offers a small and expandable cooling option for edge computing installations.
- Artificial Intelligence:
AI applications frequently rely on strong computer systems that produce a lot of heat. In order to ensure the dependable and effective operation of AI hardware, immersion cooling can assist in maintaining ideal operating temperatures.
- Cryptocurrency Mining:
Mining cryptocurrency requires a lot of processing power, which produces a lot of heat. Immersion cooling can provide a more effective cooling solution for bitcoin mining operations, possibly increasing revenue.
- Other Applications:
In addition to the aforementioned categories, immersion cooling technology is being investigated for several other uses, such as the cooling of medical imaging equipment, aerospace and defense thermal management, and telecommunications equipment.
Among the segments mentioned above that dominated the market is the High-performance Computing segment because of its lower latency, ability to cool chip densities required for zero water waste, fast deployment with edge-ready solutions, and potential for heat reuse programs in industrial and urban areas.
Regional Insights
- The North America: market is estimated to witness a significantly high revenue share over the forecast period because of the presence of large data center operators, large expenditures in HPC and AI research, and early adoption of innovative cooling technologies.
- Asia Pacific: market is estimated to witness the largest revenue share because of the explosive expansion of the data center and artificial intelligence industries. The market is growing due to government programs encouraging energy conservation and increasing public knowledge of the advantages of immersion cooling.
- Europe: market finds lucrative opportunities because of the increased emphasis on energy efficiency and sustainable data center operations. It is anticipated that immersion cooling will become increasingly popular in Europe.
- The Latin America: market is growing gradually due to rising data center investments and the need for effective cooling systems.
- Middle East & Africa: market is an emerging market due to increasing demand for sustainable cooling solutions and upcoming infrastructural upgrades.
Immersion Cooling Technology Market Report Scope:
|
Attribute |
Details |
|
Market Size 2024 |
US$ 313.8 million |
|
Projected Market Size 2034 |
US$ 3,836.9 million |
|
CAGR Growth Rate |
31.6% |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
|
Market Segmentation |
By Type - Single-phase Immersion Cooling System and Two-phase Immersion Cooling System. By Cooling Fluid - Mineral Oil, Deionized Water, Fluorocarbon-based Fluids, and Synthetic Fluids By Application - High-performance Computing, Edge Computing, Artificial Intelligence, Cryptocurrency Mining, and Other Application. |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the Immersion Cooling Technology Market report based on Type, Cooling Fluid, Application, and region:
Segmentation:
By Type:
- Single-phase Immersion Cooling System
- Two-phase Immersion Cooling System
By Cooling Fluid:
- Mineral Oil
- Deionized Water
- Fluorocarbon-based Fluids
- Synthetic Fluids
By Application:
- High-performance Computing
- Edge Computing
- Artificial Intelligence
- Cryptocurrency Mining
- Other Applications
By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Immersion Cooling Technology Market Key Players
The key players operating the Immersion Cooling Technology Market include Fujitsu Limited, Green Revolution Cooling Inc., Submer Technologies, Allied Control Ltd., Asperitas Company, LiquidCool Solutions, Midas Green Technologies, Iceotope Technologies Ltd., Wiwynn, DCX Ltd., and ExaScaler Inc.
Global Immersion Cooling Technology Market Key Issues Addressed
- In May 2024, Dell Technologies, Submer, and UNICOM Engineering formed a strategic alliance for immersion cooling, extending computing accessibility and diversifying the portfolio. By utilizing this combined knowledge, UNICOM Engineering has launched immersion-ready servers powered by NVIDIA and Intel and built on Dell. These servers have the potential to achieve unprecedented levels of data center efficiency and performance.
- In March 2021, LiquidStack, the largest liquid cooling company in the world, announced that it has emerged from stealth mode and has launched new deployments in key industries like edge computing, telecommunications, cloud services, high-performance computing (HPC), and artificial intelligence (AI). The company is supported by its first round of funding and has a capable and experienced leadership team.
Global Immersion Cooling Technology Market Company Profile
- Fujitsu Limited*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Submer Technologies
- Allied Control Ltd.
- Asperitas Company
- LiquidCool Solutions
- Midas Green Technologies
- Iceotope Technologies Ltd.
- Wiwynn
- DCX Ltd.
- ExaScaler Inc.
“*” marked represents similar segmentation in other categories in the respective section.
Global Immersion Cooling Technology Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Immersion Cooling Technology Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Cooling Fluid
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Type, 2024 – 2034, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Single-phase Immersion Cooling System
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Two-phase Immersion Cooling System
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Cooling Fluid, 2024 – 2034, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Mineral Oil
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Deionized Water
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Fluorocarbon-based Fluids
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Synthetic Fluids
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Application, 2024 – 2034, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- High-performance Computing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Edge Computing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Artificial Intelligence
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Cryptocurrency Mining
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Other Applications
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Global Market, By Region, 2024 – 2034, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Cooling Fluid, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Country, 2024 – 2034
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Cooling Fluid, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Country, 2024 – 2034
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Cooling Fluid, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Country, 2024 – 2034
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Cooling Fluid, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Country, 2024 – 2034
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Cooling Fluid, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Country, 2024 – 2034
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Fujitsu Limited
- Submer Technologies
- Allied Control Ltd.
- Asperitas Company
- LiquidCool Solutions
- Midas Green Technologies
- Iceotope Technologies Ltd.
- Wiwynn
- DCX Ltd.
- ExaScaler Inc.
The Last Word
- Future Impact
- About Us
- Contact
FAQs
Immersion cooling technology market is segmented based type, cooling fluid, application, and region.
The increasing need for cost-effective and greener cooling solutions for data centers is the major factor driving the growth of the immersion cooling market
North America is estimated to be the largest market for immersion cooling in 2019. US and Canada are the major consumers of immersion cooling in this region.
Key players in the market have adopted the expansions, new product developments, partnerships, and collaborations strategies to enhance their positions in the market.