The immersion cooling market is projected to grow from USD 0.4 billion in 2023 to USD 2.1 billion by 2031, at a CAGR of 24.1% from 2023 to 2031. Immersion cooling solutions is used for cooling data centers and to reduce the cooling energy consumption. This subsequently reduces the overall power consumption by data centers, leading to a low carbon footprint. These advantages are expected to drive the demand for immersion cooling solutions across the world.
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By type, single phase immersion cooling is estimated to hold the most significant share of the global immersion cooling market.
By type, single phase immersion cooling is estimated to dominate the immersion cooling market globally. Scalability is one of the key factor influencing the adoption of single-phase immersion cooling. The modular nature of these systems allows for flexible and scalable deployment, making them suitable for both large-scale data centers and smaller edge computing environments. This adaptability is particularly crucial as organizations seek solutions that can efficiently cool diverse hardware configurations while accommodating future expansion and changes in computing infrastructure.
High Performance Computing is estimated to hold the most significant share of the global immersion cooling market by application.
By application, the high performance computing segment is projected to dominate the global immersion cooling market during the forecast period. The increasing density of computing hardware, with the rise of more powerful processors and accelerators, poses a challenge for conventional cooling solutions. Immersion cooling addresses this challenge by providing a uniform and effective cooling solution across densely packed hardware configurations. This factor is to surge the demand for immersion cooling technology in high performance conputing.
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North America regional segment accounted for the largest share of the Immersion Cooling market.
The geographical and climatic diversity across North America has also influenced the adoption of immersion cooling. In regions with higher ambient temperatures, traditional air-based cooling methods can be less effective and more energy-intensive. Immersion cooling, with its ability to provide uniform and efficient cooling regardless of external temperatures, presents itself as a viable solution for data centers operating in various climates, contributing to its widespread acceptance.
Key Players
LiquidStack (Netherlands), Green Revolution Cooling Inc (US), Submer (Spain), Iceotope Technologies Ltd (US), DCX - The Liquid Cooling Company (Poland), Engineered Fluids (US) and TIEMMERS (Netherlands), TMGcore, Inc. (US), GIGA-BYTE Technology Co., Ltd. (Taiwan), Wiwynn (Taiwan), Hypertec (Canada), TAS (US), and Delta Power Solutions (Taiwan) are the key players in immersion cooling market.
Submer is a company that provides immersion cooling solutions for data centers and other IT infrastructure and related hardware. The company is based in Spain and is known for developing innovative products designed to be effective and easy-to-operate liquid immersion cooling solutions. Summer uses inorganic and organic growth strategies to cater to more prominent end-users and gain more market share in the immersion cooling market. In June 2021, Submer announced its partnership with ASA Computers, a leading IT solution provider that delivers innovative systems-to-rack solutions.
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Asperitas is a high-tech company based in the Netherlands specializing in global immersion cooling solutions for sustainable and high-density data centers. The company is known for its AIC24 solution, a self-contained unit designed for high-density CPU and GPU immersion cooling. Asperitas’ immersion cooling technology, called Immersed Computing, utilizes natural convection for high-density data centers, enabling sustainability and high performance.