Immersion Cooling Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Type (Single-Phase Immersion Cooling and Two-Phase Immersion Cooling); Cooling Fluid (Mineral Oil, Synthetic and Fluorocarbon-Based, and Others); Application (High-Performance Computing, Artificial Intelligence, Edge Computing, Cryptocurrency Mining, and Others); Region/Country
Detailed Analysis of COVID-19 Impact on the Immersion Cooling Market
Pages: | 141 |
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Table: | 42 |
Figure: | 65 |
Report ID: | UMEP211271 |
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Report Description
The global Immersion Cooling Market is expected to grow at a significant rate of around 22% during the forecast period. The rise of the data economy is fundamentally changing the way life-led and the highly-integrated world is pushing businesses to operate at an ever-increasing pace. Also, almost every aspect of human daily lives depends on smart devices, homes, cities, and autonomous vehicles which rely on what is happening inside data centers. However, these centers come at a tremendous cost in energy consumption, water use, footprint, and more. Therefore, this rises the need for faster, smarter, more energy-efficient, and more sustainable data centers. By transitioning data centers from traditional cooling methods to immersion cooling, businesses can better prepare for the unprecedented performance requirements of the future while managing costs and the impact on our natural resources.
Moreover, the increasing demand for IoT functionality and cloud computing infrastructure is expected to drive the demand for data centers, especially hyper-scale data centers. Hyperscale data centers enable digital platforms to store and transfer data efficiently. As compared to modern data centers, hyper-scale facilities have high-volume traffic as well as the capability to handle heavy computing workloads.
Some of the major players in the market are Green Revolution Cooling Inc., Submer, Fujitsu Limited, Midas Green Technologies, Dug Technology, Asperitas, TAS, AMAX Engineering Corporation, Liquid Stack, DCX- The Liquid Cooling Company.
Insights Presented in the Report
“Amongst type, single-phase immersion cooling category to witness robust CAGR during the forecast period”
Based on type, the immersion cooling market is classified into single-phase immersion cooling and two-phase immersion cooling. The single-phase immersion cooling segment caters substantial share of the market. As it is an inexpensive, efficient, and simple cooling technique, wherein sub-systems, electrical components, and devices are fully immersed in the single-phase dielectric heat transfer fluid. The single-phase system stays in the liquid state during the entire cooling process.
“Amongst cooling fluid, mineral oil segment to hold a significant share in the market in 2020”
Based on the cooling fluid, the immersion cooling market is categorized into mineral oil, synthetic and fluorocarbon-based, and others. The mineral oil segment caters to an extensive share of the market and is expected to grow at an influential rate in the forecasted period as well. The ability of mineral oil to be combined from various sources and batches allows for greater flexibility during deployment and operations. Moreover, mineral oil delivers better efficiency, which further simplifies facility design when compared to typical air conditioning systems, resulting in cost savings.
“North America to hold a significant share in the market”
North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the due to the presence of a large number of data centers in the region, along with the rising popularity of such cooling methods for data centers, especially in the United States. Moreover, Companies are rigorously investing in data centers to meet the growing demand from respective operations. For instance, in April 2021, Microsoft announced the installation of a new liquid immersion cooling infrastructure at a data center in Washington, saving water and lowering energy costs.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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Research Methodology
Research Methodology for the Immersion Cooling Market Analysis (2022–2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Immersion Cooling market were the three major steps undertaken to create and analyze the adoption of Immersion Cooling in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Immersion Cooling market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Immersion Cooling market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Immersion Cooling market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, cooling fluid, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Immersion Cooling market. Further, we conducted factor analysis using dependent and independent variables such as various type, cooling fluid, and application. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Immersion Cooling market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global immersion cooling market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Immersion Cooling market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Immersion Cooling market in terms of the product offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Immersion Cooling market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, cooling fluid, and application in the global Immersion Cooling market.
The main objective of the Global Immersion Cooling Market Study
The current & future market trends of the global Immersion Cooling market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Immersion Cooling market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, cooling fluid, and application.
- Define and analysis of the regulatory framework for the Immersion Cooling
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Immersion Cooling market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the Immersion Cooling market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry