FEATURED COMPANIES
- Allied Control Ltd
- Asperitas
- Exascaler Inc.
- Fujitsu Limited
- Liqit.Io
- Midas Green Technologies
- MORE
The immersion cooling market is projected to grow at a CAGR of 23.2% from 2019 to 2024, in terms of value.
Increasing server rack density & chip density, new IT use cases, such as harsh edge computing environments, and pressure to reduce energy consumption in data center cooling is expected to drive the immersion cooling market during the forecast period.
The high performance computing segment is projected to lead the immersion cooling market during the forecast period
Based on application, the high-performance computing segment led to the immersion cooling market in 2018 in terms of value. Growth of this segment can be attributed to the fact that the adoption of High Performance Computing (HPC) is gaining traction as enterprises across various industry verticals focus on scaling-up their complex applications. However, this will increase server rack densities and result in making conventional cooling systems redundant and is expected to lead HPC customers to switch from traditional cooling methods to immersion cooling solutions.
The single-phase type segment is projected to lead the immersion cooling market during the forecast period
Based on type, the single-phase immersion cooling segment is estimated to account for the largest share of the immersion cooling market in 2019. In single-phase immersion cooling, the coolant never changes state, that is, it never boils or freezes and always remains in liquid form. The coolant is pumped to a heat exchanger where heat is transferred to a cooling water circuit. This technique uses open baths, as there is little (or no) risk of the coolant evaporating.
Asia Pacific region is projected to grow the highest CAGR in the immersion cooling market during the forecast period
The Asia Pacific region is projected to grow at the highest CAGR in the immersion cooling market from 2019 to 2024. Increasing use of technologies, such as high-performance computing, artificial intelligence, edge computing, cloud computing, cryptocurrency mining, and enterprise computing, is leading to an increase in a server rack and chip density. This has resulted in high demand for energy for data center cooling. 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 solutions. The market is projected to grow rapidly in the Asia Pacific region, owing to the increased demand for immersion cooling from cryptocurrency miners in countries, such as China, Japan, India, and South Korea.
Profile break-up of primary participants for the report:
- By Company Type: Tier 1 - 20%, Tier 2 - 55%, and Tier 3 - 25%
- By Designation: C-level Executives - 50%, Directors - 25%, and Others - 25%
- By Region: Asia Pacific - 10%, Europe - 20%, North America - 60%, the Middle East & Africa- 5%, and South America - 5%
Furthermore, as a part of the qualitative analysis of the immersion cooling market, the research provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing the growth of the market across the globe. It also discusses competitive strategies adopted by leading market players, such as Fujitsu Limited (Japan), Green Revolution Cooling Inc. (US), Submer Technologies (Spain), Allied Control Ltd. (Hong Kong), Asperitas (The Netherlands), Midas Green Technologies (US), Iceotope Technologies Limited (UK), DCX - The Liquid Cooling Company (Poland), LiquidCool Solutions (US), DownUnder GeoSolutions Pty Ltd. (Netherlands), ExaScaler Inc. (Japan), and Horizon Computing Solutions (France).
Research Coverage:
The report defines, segments, and projects the size of the immersion cooling market based on application, type, type of cooling fluid, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as expansions, new product developments, partnerships, and collaborations undertaken by them in the market.
Reasons to Buy the Report:
The report is expected to help market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the immersion cooling market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the positions of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities.
FEATURED COMPANIES
- Allied Control Ltd
- Asperitas
- Exascaler Inc.
- Fujitsu Limited
- Liqit.Io
- Midas Green Technologies
- MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency Considered
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Immersion Cooling Market
4.2 Immersion Cooling Market, By Region
4.3 Asia Pacific Immersion Cooling Market, By Application and Country
4.4 Immersion Cooling Market, By Major Countries
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Density of Server Racks
5.3.1.2 Increasing Need for Cost-Effective Cooling Solutions
5.3.1.3 Growing Need for Eco-Friendly Data Center Cooling Solutions
5.3.2 Restraints
5.3.2.1 Requirement of Additional and Specialized Infrastructure
5.3.2.2 Lack of Recognition From End Users
5.3.3 Opportunities
5.3.3.1 Adoption in Low-Density Data Centers
5.3.3.2 Development of Cooling Solutions for Deployment in Harsh Environments
5.3.4 Challenges
5.3.4.1 High Investments in Existing Infrastructure
5.4 Porter’s Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Buyers
5.4.3 Threat of Substitutes
5.4.4 Threat of New Entrants
5.4.5 Intensity of Competitive Rivalry
6 Industry Trends
6.1 Evolution
6.2 Technological Trends and Standards
6.2.1 Introduction
6.2.2 Standards and Guidelines for Data Center Cooling
6.2.2.1 American National Standards Institute
6.2.2.2 American Society of Heating, Refrigerating, and Air-Conditioning Engineers
6.2.2.3 Institute for Energy and Transport of the Joint Research Center of the European Commission
6.2.2.4 Distributed Management Task Force
6.2.2.5 Telecommunication Industry Association
6.2.2.6 National Electrical Manufacturers Association
6.2.2.7 Canadian Standards Association Group
6.2.2.8 Underwriters Laboratory
6.2.2.9 Factory Mutual Approved
6.2.2.10 United States Department of Energy
6.2.2.11 United States Environmental Protection Agency
6.2.2.12 Statement on Standards for Attestation Engagements No. 16
6.2.2.13 International Standards Compliance
7 Immersion Cooling Market, By Application
7.1 Introduction
7.2 High-Performance Computing
7.2.1 High-Performance Computing is the Largest Application Segment
7.3 Edge Computing
7.3.1 Edge Computing Application Segment is Gaining Traction From Oil & Gas, Defense and Telecom Industries
7.4 Artificial Intelligence
7.4.1 Recent Development Such as Autonomous Cars, Video Game, and Speech Recognition is Expected to Drive the Ai Application Segment
7.5 Cryptocurrency Mining
7.5.1 Cryptocurrency Mining Application Segment is Projected to Grow at the Highest Cagr
7.6 Others
8 Immersion Cooling Market, By Type
8.1 Introduction
8.2 Single-Phase Immersion Cooling
8.2.1 Single-Phase Immersion Cooling is the Largest and Fastest Growing Type Segment
8.3 Two-Phase Immersion Cooling
8.3.1 Two-Phase Immersion Cooling is Expensive as Compared to Single Phase
9 Immersion Cooling Market, By Cooling Fluid Type
9.1 Introduction
9.2 Mineral Oil
9.2.1 Mineral Oil Cooling Fluid Type Accounted for the Second Highest Share in the Global Immersion Cooling Market
9.3 Fluorocarbon-Based Fluid
9.3.1 Fluorocarbon-Based Fluid is Gaining Traction and is Being Used in High-Performance Liquid Cooling Applications
9.4 Synthetic Oil
9.4.1 Synthetic Oil Fluid Type Segment Accounted for A Major Share in the Global Immersion Cooling Market
9.5 Others
10 Immersion Cooling Market, By Region
10.1 Introduction
10.2 Asia Pacific
10.2.1 China
10.2.1.1 China is the Fastest Growing Market for Immersion Cooling Globally
10.2.2 India
10.2.2.1 India is the Second Fastest Growing for Immersion Cooling in Asia Pacific Region
10.2.3 Japan
10.2.3.1 Japan Accounted for the Second Highest Share in the Asia Pacific Immersion Cooling Market
10.2.4 South Korea
10.2.4.1 High Demand From the Cryptocurrency Mining and High-Performance Computing Application Segment is Expected to Drive the South Korean Immersion Cooling Market
10.2.5 Thailand
10.2.5.1 High Demand From the Cryptocurrency Mining Application Segment is Expected to Drive the Thailand Immersion Cooling Market
10.2.6 Malaysia
10.2.6.1 High Demand for Data Center Services is Expected to Drive the Immersion Cooling Market in Malaysia
10.2.7 Rest of Asia Pacific
10.3 North America
10.3.1 US
10.3.1.1 US Accounted for the Highest Share in the Global Immersion Cooling Market
10.3.2 Canada
10.3.2.1 High Demand From the Cryptocurrency Mining and High-Performance Computing Application Segment is Expected to Drive the Canadian Immersion Cooling Market
10.3.3 Mexico
10.3.3.1 High Growth in the Data Center Industry is Expected to Drive the Immersion Cooling Market in Mexico
10.4 Europe
10.4.1 UK
10.4.1.1 UK Dominated the Immersion Cooling Market in the European Region
10.4.2 Germany
10.4.2.1 Germany Accounted for the Second Highest Share in the European Immersion Cooling Market
10.4.3 France
10.4.3.1 France Accounted for the Third Highest Share in European Immersion Cooling Market
10.4.4 Netherlands
10.4.4.1 Rise in the Data Center Market in the Netherlands is Expected to Drive the Immersion Cooling Market there
10.4.5 Russia
10.4.5.1 High Demand From the Cryptocurrency Mining Application Segment is Expected to Drive the Russian Immersion Cooling Market
10.4.6 Spain
10.4.6.1 High Growth in the Data Center Market in Spain is Expected to Drive the Immersion Cooling Market there.
10.4.7 Rest of Europe
10.5 Middle East & Africa
10.6 South America
11 Competitive Landscape
11.1 Introduction
11.2 Competitive Landscape Mapping
11.2.1 Visionary Leaders
11.2.2 Innovators
11.2.3 Dynamic Differentiators
11.2.4 Emerging Companies
11.3 Competitive Benchmarking
11.3.1 Strength of Product Portfolio
11.3.2 Business Strategy Excellence
11.4 Overview
11.5 Competitive Situations & Trends
11.5.1 Product Launches
11.5.2 Partnerships
11.5.3 Collaborations
11.5.4 Expansions
11.6 Market Share Analysis
12 Company Profile
12.1 Fujitsu Limited
12.2 Green Revolution Cooling Inc.
12.3 Submer Technologies
12.4 Allied Control Ltd
12.5 Asperitas
12.6 Midas Green Technologies
12.7 Iceotope Technologies Limited
12.8 Liquidcool Solutions, Inc.
12.9 Downunder Geosolutions Pty Ltd
12.10 DCX - the Liquid Cooling Company
12.11 Liqit.Io
12.12 Exascaler Inc.
12.13 Qcooling
13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
List of Tables
Table 1 Global Immersion Cooling Market: Assumptions
Table 2 Immersion Cooling Market Snapshot
Table 3 Immersion Cooling Market, By Cooling Fluid Type
Table 4 Immersion Cooling Market, By Type
Table 5 Power Usage for Air-Cooled Versus Immersion-Cooled Data Centers
Table 6 Power Usage for Air-Cooled Versus Immersion-Cooled Data Centers With 1 Mw of Technical Load
Table 7 Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 8 Immersion Cooling Market in High-Performance Computing, By Region, 2017-2024 (USD Million)
Table 9 Immersion Cooling Market in Edge Computing, By Region, 2017-2024 (USD Million)
Table 10 Immersion Cooling Market in Artificial Intelligence, By Region, 2017-2024 (USD Million)
Table 11 Immersion Cooling Market in Cryptocurrency Mining, By Region, 2017-2024 (USD Million)
Table 12 Immersion Cooling Market in Other Applications, By Region, 2017-2024 (USD Million)
Table 13 Immersion Cooling Market, By Type, 2017-2024 (USD Million)
Table 14 Single-Phase Immersion Cooling Market, By Region, 2017-2024 (USD Million)
Table 15 Two-Phase Immersion Cooling Market, By Region, 2017-2024 (USD Million)
Table 16 Immersion Cooling Market, By Cooling Fluid Type, 2017-2024 (USD Million)
Table 17 Mineral Oil Immersion Cooling Market, By Region, 2017-2024 (USD Million)
Table 18 Fluorocarbon-Based Fluid Immersion Cooling Market, By Region, 2017-2024 (USD Million)
Table 19 Synthetic Oil Immersion Cooling Market, By Region, 2017-2024 (USD Million)
Table 20 Other Fluids Immersion Cooling Market, By Region, 2017-2024 (USD Million)
Table 21 Immersion Cooling Market, By Region, 2017-2024 (USD Million)
Table 22 Asia Pacific Immersion Cooling Market, By Country, 2017-2024 (USD Million)
Table 23 Asia Pacific Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 24 Asia Pacific Immersion Cooling Market, By Type, 2017-2024 (USD Million)
Table 25 Asia Pacific Immersion Cooling Market, By Cooling Fluid Type, 2017-2024 (USD Million)
Table 26 China Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 27 India Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 28 Japan Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 29 South Korea Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 30 Thailand Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 31 Malaysia Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 32 Rest of Asia Pacific Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 33 North America Immersion Cooling Market, By Country, 2017-2024 (USD Million)
Table 34 North America Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 35 North America Immersion Cooling Market, By Type, 2017-2024 (USD Million)
Table 36 North America Immersion Cooling Market, By Cooling Fluid Type, 2017-2024 (USD Million)
Table 37 US Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 38 Canada Immersion Cooling Market, By Application,2017-2024 (USD Million)
Table 39 Mexico Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 40 Europe Immersion Cooling Market, By Country, 2017-2024 (USD Million)
Table 41 Europe Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 42 Europe Immersion Cooling Market, By Type, 2017-2024 (USD Million)
Table 43 Europe Immersion Cooling Market, By Cooling Fluid Type, 2017-2024 (USD Million)
Table 44 UK Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 45 Germany Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 46 France Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 47 Netherlands Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 48 Russia Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 49 Spain Immersion Cooling Market, By Application,2017-2024 (USD Million)
Table 50 Rest of Europe Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 51 Middle East & Africa Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 52 Middle East & Africa Immersion Cooling Market, By Type, 2017-2024 (USD Million)
Table 53 Middle East & Africa Immersion Cooling Market, By Cooling Fluid Type, 2017-2024 (USD Million)
Table 54 South America Immersion Cooling Market, By Application, 2017-2024 (USD Million)
Table 55 South America Immersion Cooling Market, By Type, 2017-2024 (USD Million)
Table 56 South America Immersion Cooling Market, By Cooling Fluid Type, 2017-2024 (USD Million)
Table 57 Product Launches, 2017-2019
Table 58 Partnerships, 2014-2019
Table 59 Collaborations, 2014-2019
Table 60 Expansions, 2014-2019
Table 61 Company, Type of Cooling, Type of Cooling Fluid and Type of Infrastructure Mapping
List of Figures
Figure 1 Immersion Cooling Market: Research Design
Figure 2 Breakdown of Primary Interviews, By Company, Designation & Region
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 North America is Estimated to Account for the Largest Share of Immersion Cooling Market in 2019
Figure 6 High-Performance Computing Segment is Estimated to Account for the Largest Share of Immersion Cooling Market in 2019
Figure 7 Synthetic Oil Segment is Estimated to Account for the Largest Share of Immersion Cooling Market in 2019
Figure 8 Immersion Cooling Market, By Type, 2019
Figure 9 Increasing Server Rack Density is Expected to Drive Growth of Immersion Cooling Market From 2019 to 2024
Figure 10 Asia Pacific Immersion Cooling Market is Projected to Grow at the Highest Cagr From 2019 to 2024
Figure 11 High-Performance Computing Segment and China are Estimated to Account for the Largest Shares of Asia Pacific Immersion Cooling Market in 2019
Figure 12 Immersion Cooling Market in China is Projected to Grow at the Highest Cagr From 2019 to 2024
Figure 13 Immersion Cooling Market, By Region
Figure 14 Immersion Cooling Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Porter’s Five Forces Analysis
Figure 16 Evolution of Data Center Cooling and Immersion Cooling
Figure 17 Immersion Cooling Market, By Application, 2019 & 2024 (USD Million)
Figure 18 Immersion Cooling Market, By Type, 2019 & 2024 (USD Million)
Figure 19 Immersion Cooling Market, By Cooling Fluid Type, 2019 & 2024 (USD Million)
Figure 20 China Immersion Cooling Market is Projected to Grow at the Highest Cagr From 2019 to 2024
Figure 21 Asia Pacific Immersion Cooling Market Snapshot
Figure 22 North America Immersion Cooling Market Snapshot
Figure 23 Europe Immersion Cooling Market Snapshot
Figure 24 Competitive Landscape Mapping
Figure 25 Key Growth Strategies Adopted By Companies in the Immersion Cooling Market Between 2016 and 2019
Figure 26 Immersion Cooling Market Ranking, By Company, 2018
Figure 27 Fujitsu Limited: Company Snapshot
Figure 28 Fujitsu Limited: SWOT Analysis
Figure 29 Green Revolution Cooling Inc.: SWOT Analysis
Figure 30 Submer Technologies: SWOT Analysis
Figure 31 Allied Control Ltd.: SWOT Analysis
Figure 32 Asperitas: SWOT Analysis
Figure 33 Midas Green Technologies: SWOT Analysis
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- Allied Control Ltd
- Asperitas
- DCX - the Liquid Cooling Company
- Downunder Geosolutions Pty Ltd
- Exascaler Inc.
- Fujitsu Limited
- Green Revolution Cooling Inc.
- Iceotope Technologies Limited
- Liqit.Io
- Liquidcool Solutions, Inc.
- Midas Green Technologies
- Qcooling
- Submer Technologies
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