The Immersion Cooling Market is projected to grow from USD 177 million in 2019 to USD 501 million by 2024, at a CAGR of 23.2% from 2019 to 2024. Increasing server rack density & chip density, new use cases, such as harsh edge computing environments, and pressure to reduce energy consumption during data center cooling is expected to drive the immersion cooling market.

Browse 61 market data Tables and 33 Figures spread through 127 Pages and in-depth TOC on "Immersion Cooling Market by Type (Single-Phase and Two-Phase), Application (High Performance Computing, Edge Computing, Cryptocurrency Mining), Cooling Fluid Type (Mineral Oil, Synthetic Oil, Fluorocarbon Based), Geography - Global Forecast to 2024".

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The single-phase immersion cooling type segment is projected to lead the global immersion cooling market during the forecast period

Based on type, the single-phase immersion cooling market is projected to grow at the highest CAGR from 2019 to 2024. In single-phase immersion cooling, the fluid has a higher boiling point and remains in the liquid phase throughout the cooling process. Electronic equipment is submerged in a non-conductive liquid bath in an accessible, sealed enclosure. Pumps are used to direct the heated fluid to a heat exchanger, where it is cooled and recycled back into the bath without any loss of fluid.

Single-phase immersion has been recognized as the next-generation cooling technology by all the major immersion cooling manufacturers, as it has proven to be low-cost and highly reliable. Most of the hyperscalers and cryptocurrency miners have adopted single-phase immersion cooling, thus fueling the growth of this segment during the forecast period.

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Key Market Players

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. (The Netherlands), ExaScaler Inc. (Japan), and Horizon Computing Solutions (France) are some of the leading players operating in the immersion cooling market.

These players have adopted the expansions, new product developments, partnerships, and collaborations strategies to enhance their positions in the market.

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