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Immersion Cooling Market Size, Industry Analysis Report By Product (Single-phase, Two-phase), By Application (High-performance Computing, Edge Computing, Cryptocurrency Mining, Artificial Intelligence), By Cooling Liquid (Mineral Oil, Fluorocarbon-based Fluids, Deionized Water) & Region – Forecasts

  • PUBLISHED ON
  • 31/10/2022
  • NO OF PAGES
  • 201
  • CATEGORY
  • Electronics & Communication
Immersion Cooling Market: Overview
The global immersion cooling market size was estimated at USD 164.5 million in 2022 and is expected to expand at a CAGR of 22.5% over the forecast period. A big power distribution component is cooled using the IT technique known as immersion cooling by immersing it in a thermally conducting dielectric fluid. This method is used to cool components like transformers as well as electronic servers. The components are often submerged in coolant during this operation. Since these coolants are neither conductive nor capacitive, they present no risk to the electronics. The fans keep turning while moving the oil more slowly over the heat sinks, effectively transferring the heat generated by the electrical parts into the fluid. This eliminates the requirement for heat sinks, sheet metal, fans, shrouds, interface materials, and other parts that are frequently used in conventional cooling techniques. The fluid or coolant must include excellent insulating qualities and minimal electrical properties. For immersion cooling, fluids like deionized water, mineral oil, fluids based on fluorocarbons, and synthetic fluids are utilized. Data centers, the electronics industry, and cryptocurrency mining all primarily use immersion cooling. Additionally, immersion cooling is used by producers of electric vehicles and batteries in the drivetrain, electric drive controllers, batteries, and other onboard electrical subsystems.

Immersion Cooling Market - Growth Factors
The demand for IT infrastructure is being further boosted by the rising popularity of smart devices, analytics, cloud computing, and wireless networking technologies. Due to urbanization and an increase in disposable income, land value has risen recently. As a result, providers of data center infrastructure are restricting the amount of space required for data centers and their cooling systems. Because they require less space and have less infrastructure costs than traditional cooling systems, data center suppliers are concentrating on immersion cooling solutions internationally. The demand for immersion cooling is rising in tandem with government policies and rules meant to cut carbon emissions. Data centre services are in high demand right now because of technological developments like blockchain and machine intelligence. Third-party data centers are customizing and putting into practice technologies like artificial intelligence (AI) and machine learning in response to the expansion of a global digital economy and the growth of bitcoin users. The importance of comprehending and controlling the energy use consequences of blockchain applications as they expand will increase as the immersion cooling market grows.

Immersion Cooling Market – Market Trends

• Larger market revenue is expected to be generated by liquid immersion cooling.

• The Asia Pacific is likely to witness the highest growth rate during the forecast period.
• Lack of awareness about immersion cooling systems can be a restraining factor for the market.
• Market players are implementing various strategies to increase their market share.
• The banking, financial services, and insurance (BFSI) vertical are expected to hold the largest share in 2021.
• The global immersion cooling market is gaining traction due to the increasing adoption of liquid immersion cooling systems across various industry verticals.
• Factors such as the growing need for high performance and energy efficiency are driving the market.
• Data centers and blockchain applications are the most potential markets for this technology.
• Geographically, North America accounted for the biggest share of this market in 2017.
• One of the leading players in this market is Allied Control Limited (Hong Kong)

Immersion Cooling Market – Segmentation
The global Immersion Cooling Market is fragmented into the product, application, and cooling liquid.
Based on Product, the market is bifurcated into
• Single-phase
• Two-phase

Based on Application, the market is categorized into
• High-performance Computing
• Edge Computing
• Cryptocurrency Mining
• Artificial Intelligence
• Others
Based on Cooling Liquid, the market is classified into
• Mineral Oil
• Fluorocarbon-based Fluids
• Deionized Water
• Others


Immersion Cooling Market –Regional Analysis
In 2021, North America held the biggest market share, with Europe coming in second. In terms of revenue, North America will continue to lead the worldwide immersion cooling market in 2021 and throughout the forecast period. Due to the prevalence of hyper-scale data centers in both the U.S. and Canada, these two nations account for a significant portion of the income generated in the North American immersion cooling industry. 40% of the world's total hyperscale facilities are located in the United States.
Immersion Cooling Market – Key Market players
The major players in the market are: Green revolution Cooling Inc., Submer Technologies, Fujitsu Limited, Allied Control Ltd, Midas Green Technologies, Asperitas, DCX–The Liquid Cooling Company, Iceotope Technologies Ltd, LiquidCool Solutions Inc., and ExaScaler Inc.

Report scope
Global Immersion Cooling Market: Historical Years- 2018-2021
Global Immersion Cooling Market: Forecast Years- 2022-2030
Global Immersion Cooling Market 2022- USD 164.5 million
Global Immersion Cooling Market CAGR- 22.5%

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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