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Immersion Cooling Market, By Type (Single-Phase, Two-Phase), By Fluid Type (Fluorocarbon-based Fluid

Published Date: January 2020 | Report Code : IT2060187

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Immersion Cooling Market, By Type (Single-Phase, Two-Phase), By Fluid Type (Fluorocarbon-based Fluids, Mineral Oil, Synthetic Oil), By Application (High-performance Computing, Edge Computing, Artificial Intelligence, Cryptocurrency Mining), By Region (North America, Europe Asia Pacific, Rest of the World) – Market Size & Forecasting (2017-2028)

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Report Code : IT2060187

Status : Published January 2020

Market Dynamics:

The Immersion Cooling Market was valued at USD 201.8 Million in 2019 and is anticipated to reach USD 1,846.8 Million by 2028, with a CAGR of 28.9% during the forecast period, 2020-2028. Immersion cooling method is mainly used for various applications such as high-performance computing, edge computing, artificial intelligence and cryptocurrency mining due to the growing demand for energy-efficient and effective data centers cooling. Besides this, superior performance along with lower maintenance costs, small space required and, no environmental footprint propelled the growth of the immersion cooling market. The immersion cooling system has better performance and cost-effectiveness as to that of the current conventional cooling system.

Immersion Cooling Market Statistics Immersion Cooling Market Statistics

Immersion cooling is a practice of suppressing/immersing computer components directly into non-conductive dielectric liquids, which cool the system. By circulating liquid into direct contact with hot parts, heat is extracted from the device, then via cool heat exchangers. For immersion cooling, ideal fluids that have very good insulating properties is required to ensure that they can touch energized electronic components in a safe manner. The heat generated from these systems is directly transferred to coolants; thereby there is no need for active cooling components, such as heat sinks, fans, and interface materials commonly used for air cooling. This approach is becoming popular with ground-breaking data centers around the world.

The growth of hyper-scale data centers is propelling the immersion cooling market. Hyper-scale data centers are commonly used to increase computing power, memory, networking capacity, or storage space in different sectors.  Similarly, more focused on reduced energy consumption in data center cooling and increasing server rack density & chip density are expected to drive the immersion cooling market during the forecast period. The costs and logistics of conventional cooling systems have become more challenging and are forcing data center operators to switch from traditional cooling methods to immersion cooling system. On another side, High investment with greater capital expenditure is restraining the market growth.

Key Factors Impacting Immersion Cooling Market Growth:

  • Less operational spaces and lower maintenance costs and no environmental footprint
  • Superior performance than the conventional cooling system
  • High initial capital investment

The report analyzes factors affecting the immersion cooling market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restraints, opportunities and future trends. The report also provides comprehensive Porter’s five forces model analysis on immersion cooling market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and Rest of the world.

Immersion Cooling Market Segmentation Immersion Cooling Market Segmentation

Immersion Cooling Market by Type Outlook:

It is expected that greater consumer awareness of the trade-offs between single-phase and two-phase immersion would result in increased demand for single-immersion cooling over the forecast period. Single-Phase coolant never changes state and always remains in a liquid form. In immersion cooling, a single-phase coolant is pumped to a heat exchanger to transfer heat to a cooler water-circuit. By using this technique there are very fewer chances of coolant evaporating.

Immersion Cooling Market by Fluid Type Outlook:

Fluid type immersion cooling market segment divided into three types such as fluorocarbon-based fluids, mineral oil, and synthetic oil. The synthetic oils segment for immersion cooling market is projected to grow at a high CAGR during the forecast period due to its wide use in various end-use market applications. Besides this, Fluorocarbon-based fluids type immersion cooling is anticipated to grow with a healthy growth rate followed by the mineral oil segment in the coming years.

Immersion Cooling Market by Application Outlook:

Immersion cooling application segment is divided into high-performance computing, edge computing, artificial intelligence, and cryptocurrency mining. Various applications are adopting immersion cooling as it offers the required solution for high-density data centers.

Regional Outlook:

On the basis of geography, the immersion cooling market is segmented as North America, Western Europe, Eastern Europe, Asia Pacific, the Middle East and the Rest of the world. North America region is expected a dominate the immersion cooling market due to high adoption of this technique to enhancing the performance of data centers. However, the presence of a large number of data centers, along with the rise in popularity of immersion cooling technologies also expected to support the growth of the immersion cooling market in the European and North American regions. The leading technology companies that are located in the U.S and Canada are adopting an immersion cooling system for various applications in this region. Furthermore, Asia Pacific is estimated to project a healthy growth rate in the global market during the forecast period. This growth can be accredited to several factors, such as increasing the use of emerging technology in China and India has expressed interest in the upscaling immersion cooling market.

Immersion Cooling Market Regional Analysis Immersion Cooling Market Regional Analysis

Competitive Landscape:

The immersion cooling market is speedily growing and expected to show high growth. Business players are constantly developing new cooling technologies with highly dense storage device cooling capabilities. Major companies are investing in research and development activities for new product development to cater to the market requirements.. For example, GRC announced that it is working with TechDatato provide support and warranties that are using GRC’s immersion cooling systems.

Key players in the immersion cooling market adopting inorganic development strategies like as acquisition of local brands to capture a market share in the market. Similarly, other business models such as joint venture and market entry strategies are helping prominent vendors to make their presence felt in the market and increase their product portfolio. The key players leading in the market are

  • Fujitsu Limited
  • Green Revolution Cooling Inc.
  • Submer Technologies
  • Allied Control Ltd,
  • Asperitas
  • Midas Green Technologies
  • Iceotope Technologies Limited
  • DCX – The Liquid Cooling Company
  • LiquidCool Solutions
  • DownUnderGeoSolutions Pty Ltd.
  • ExaScaler Inc.

By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this immersion cooling market industry analysis report will aid clients to identify new growth opportunities and design new growth strategies. Additionally, the report also provides an accurate prediction of the contribution of the various segments to the growth of the immersion cooling market size. This report on the immersion cooling market also includes the profiles of key companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key   Developments:

  • In October 2018, Asperitas and 2CRSI, major manufacturers of high-performance servers, entered into a partnership for immersed computing to develop new cutting-edge server solutions for immersed computing to be offered to customers with high-performance requirements.
  • In July 2017, Iceotope Technologies Limited launched the EdgeStation. It is designed to meet the growing demand for the Internet of Things (IoT) and Industry 4.0
  • In June 2017, Facebook announced that it will lay a 200-mile cable to the new data centers in Mexico, which are likely to boost the market growth over the forecast period.
  • In 2018, Kolos constructed the largest data center (of 600,000-square meters, with 1,000 MW of computing power) in the world in Ballangen, Norway. The data center is expected to scale up about two gigawatts of consumable renewable power, which is more than the generation capacity of any other data center in the world. This will drive the demand for immersion cooling effectively.
  • In March 2019, GRC announced that it is working with TechDatato to provide support and warranties for worldwide customers, using GRC’s immersion cooling systems.

Immersion Cooling Market Timeline (2017- 2028)Immersion Cooling Market Timeline (2017- 2028)

What Does This Report Provide?

This report provides a detailed understanding of the immersion cooling market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with a potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the immersion cooling market.

 Market Segmentation:

By Type:

  • Single Phase
  • Two Phase

By Fluid Type:

  • Fluorocarbon-based Fluids
  • Mineral Oil
  • Synthetic Oil

 By Application:

  • High-performance Computing
  • Edge Computing
  • Artificial Intelligence
  • Cryptocurrency Mining

 By Region:

  • North America
    • By Country (U.S., Canada, Mexico)
    • By Type
    • By Fluid Type
    • By Application
  • Western Europe
    • By Country (Germany, U.K., France, Italy, Spain, The Netherlands, Rest of Western Europe)
    • By Type
    • By Fluid Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Fluid Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Fluid Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Fluid Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Fluid Type
    • By Application

 Reasons to Buy This Report:

  • Market size estimation of the immersion cooling market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the immersion cooling market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the immersion cooling market.

 Customization:

We provide customization of the study to meet specific requirements:

  • Country-specific market analysis
  • Potential customers, future demand analysis along with in-depth technological know-how
  • In-depth pricing analysis including set up cost, maintenance cost, and operational cost

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