Immersion
Cooling Market worth $1,710 million by 2030

The report "Immersion
Cooling Market by Type
(Single-Phase and Two-Phase), Application (High-Performance Computing, Edge
Computing, Cryptocurrency Mining), Cooling Fluid, Components (Solutions,
Services), and Geography - Global Forecast to 2030", is projected to grow from USD 302 million
in 2022 to USD 1,710 million by 2030, at a CAGR of 24.2% from 2022 to 2030. The
increasing need for more efficient and growing demand for a compact and
noise-free solution is expected to fuel the growth of immersion cooling market.

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Browse in-depth TOC on "Immersion Cooling Market"

163 - Tables

46 - Figures

241 – Pages

The cryptocurrency mining segment accounted for the
largest share in the immersion cooling market.

Based on application, the cryptocurrency mining segment
accounted for the largest share in the immersion cooling market. High cost of
electricity, need for sustainable cooling solution, and the absence of
eco-friendly cooling systems are fueling the adoption of immersion cooling
systems in cryptocurrency mining. Immersion cooling is the most cost-effective
way to get the maximum hash rate from any ASIC- or GPU-based cryptocurrency
miner. Green Revolution Cooling Inc. (US), Submer (Spain), LiquidStack (Netherlands),
Midas Green Technologies (US), and DCX – The Liquid Cooling Company (Poland)
are the major providers of immersion cooling systems for cryptocurrency miners.

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The synthetic fluids segment led the global immersion
cooling market during the forecast period.

Based on cooling fluid, the synthetic fluids segment is
projected to grow at the highest CAGR from 2022 to 2030. This growth can be
attributed to its extensive use in single-phase immersion cooling and its
advantages such as efficiency, cooling capacity, and hardware reliability over
other fluid types. Synthetic fluids are hydrocarbon-based fluids. Synthetic
fluids offer the best combination of low cost, material compatibility, and long
life. Additionally, synthetic fluids overcome all the major disadvantages of
mineral oil in terms of corrosiveness and flammability. All these factors are
drive the growth of synthetic fluids in immersion cooling market.

The single-phase immersion cooling segment, by type, is
projected to account for the fastest growing segment during the forecast period

Based on type, the immersion cooling market is classified
into single-phase and two-phase immersion cooling systems. The single-phase
immersion cooling segment is projected to grow at the fastest rate during the
forecast period by value. Single-phase immersion cooling system has less
maintenance as compared to two-phase immersion cooling systems. This is
expected to boost the market demand for this segment.

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The solutions segment, by components, is projected to
have the largest market share during the forecast period.

Based on components, the immersion cooling is segments
into solutions and services segment. The solutions segment is projected to have
the largest market share in the market during the forecast period.

The companies developing innovative and customizable
solutions for immersion cooling and growing demand for efficient cooling
solutions for data center and hyper-scale data centers is driving the segment.

North America accounted for the largest share in the
immersion cooling market.

North America is the largest consumer of immersion
cooling solutions across the globe due to the presence of many data centers and
the rise in the popularity of advanced technologies, such as AI and
high-performance computing and cryptocurrency mining in the region. Increase in
the demand for eco-friendly data center cooling solutions and substantial
growth in rack density have driven the growth of the North American data center
immersion cooling market. The presence of technology giants, such as Google, Microsoft,
Facebook, and Apple, add to the growth of the North American data center
immersion cooling market.

LiquidStack (Netherlands), Green Revolution Cooling Inc
(US), Submer (Spain), Iceotope Technologies Ltd (US), DCX - The Liquid Cooling
Company (Poland), ExaScaler Inc (Japan), SixtyOneC Technology Corporation
(Canada), Engineered Fluids (US) and TEIMMERS (Netherlands), TMGcore, Inc.
(US), GIGA-BYTE Technology Co., Ltd. (Taiwan), Wiwynn (Taiwan), Hypertec
(Canada), TAS (US), and Delta Power Solutions (Taiwan) are some of the major
players operating in the immersion cooling market among others.

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