Immersion Cooling Market by Application (Edge Computing, High Performance Computing, Cryptocurrency Mining), Type (Single-Phase and Two-Phase), Cooling Fluid Type (Synthetic Oil, Mineral Oil, Fluorocarbon Based), Geography: Global Opportunity Analysis and Industry Forecast, 2019-2024

Global Immersion Cooling Market Overview

The global immersion cooling market is anticipated to garner $501 Million by 2024 at a CAGR of 23.2% during the forecast period, 2019-2024. 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.

Immersion cooling is an IT cooling practice. In this process, IT components and other electronics including complete servers are inundated in a thermally conductive dielectric liquid or coolant. Heat is removed from the system by circulating liquid into direct contact with hot components, then through cool heat exchangers. Fluids apt for immersion cooling have very good protective properties to ensure that they can safely come into contact with energized electronic components.

The global immersion cooling market is segmented on the basis of application, type, type of cooling fluid, and region. Based on application, the market is divided into high performance computing, artificial intelligence, edge computing, cryptocurrency mining, and others (cloud computing, enterprise computing). Based on type, the market has two categories-single-phase immersion cooling and two-phase immersion cooling. Based on the type of cooling fluid, the market operates in four segments-mineral oils, synthetic oils, fluorocarbon-based fluids, and others (vegetable oil, bio-oils, and deionized water). Based on region, the market is divided into Asia Pacific, North America, Europe, Middle East & Africa, and South America.

The cryptocurrency segment is projected to grow at the highest revenue

Cryptocurrency is a disruptive concept that is an alternative to fiat currency used in the present monetary system. Entrepreneurs, startups, Small and Medium-sized Enterprises find it a revolutionary concept to counter transactional compliances. Owing to these factors, the ecosystem has attracted extensive venture funding, collaborations, and partnerships among cryptocurrency solution vendors to provide end-to-end solutions.

Based on cooling fluid type, the synthetic oils segment of the immersion cooling market is projected to grow at a higher CAGR from 2019 to 2024 in terms of value. Companies such as Green Revolution Cooling Inc. (US), Midas Green Technologies (US), Submer Technologies (Spain), DCX – The Liquid Cooling Company (Poland), Iceotope Technologies Limited (UK), Allied Control Ltd. (Hong Kong), and LiquidCool Solutions (US) are the major users of synthetic oils for their immersion cooling systems.

The mineral oil segment is estimated to account for the second-largest share in the immersion cooling market in 2019. The major reason fueling the growth of synthetic oils and hindering the growth of mineral oils is that all industry leaders in the immersion cooling market have moved away from mineral oil to synthetic oil products as they offer the best combination of low cost, material compatibility, and long life.

Growing Demand for Single Immersion Cooling

The single-phase segment is expected to lead the market and predicted to grow at a decent growth rate during the forecast period. The key driving factor behind this growth is that the single-phase type is cheaper to install and more energy-efficient.

North America to dominate the industry during the forecast period

North America is esteemed to emerge as the largest market for immersion cooling. The major consumers of the market in this region are US and Canada.  The growing demand for immersion cooling from application segments, such as high-performance computing, edge computing, cryptocurrency mining, cloud computing, and artificial intelligence among others attribute to this increasing demand. As the chip densities are growing, data centers are facing severe problems related to cooling, and hence, they are adopting immersion cooling as it offers the required solution for high-density data centers.

Leading Market Players

Some of the leading players of the market are Fujitsu Limited (Japan), Submer Technologies (Spain), Green Revolution Cooling Inc. (US), Asperitas (The Netherlands), Allied Control Ltd. (Hong Kong), Iceotope Technologies Limited (UK), Midas Green Technologies (US), DCX – The Liquid Cooling Company (Poland), DownUnder GeoSolutions Pty Ltd. (The Netherlands), LiquidCool Solutions (US), Horizon Computing Solutions (France), and ExaScaler Inc. (Japan).

Key Benefits for global immersion cooling market

• This study presents the analytical depiction of the global immersion cooling market analysis along with the current trends and future estimations to depict the imminent investment pockets.
• The overall market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
• The report presents information related to the key drivers, restraints, and opportunities of the global immersion cooling market with a detailed impact analysis.
• The current market is quantitatively analyzed from 2019 to 2024 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Latest Developments

• In October 2018, Asperitas and 2CRSI, a manufacturer of very high-performance servers entered into a partnership for immersed computing to develop new cutting-edge server solutions for immersed computing to be offered to customers with high performance requirements.
• In July 2017, Iceotope Technologies Limited launched the EdgeStation - a portable edge server designed to withstand challenging environments. EdgeStation cools and protects IT components from harsh working environments, delivering maximum performance with minimum footprint. It is designed to meet the growing demand for the Internet of Things (IoT) and Industry 4.0.

Key Segmentation

By Application

• High Performance Computing
• Artificial Intelligence
• Edge Computing
• Cryptocurrency Mining
• Others (Cloud Computing, Enterprise Computing)

By type

• Single-Phase Immersion Cooling
• Two-Phase Immersion Cooling

By type of cooling fluid

• Mineral Oils
• Synthetic Oils
• Fluorocarbon-based Fluids
• Others (Vegetable Oil, Bio-oils, and Deionized Water)

By region

• Asia Pacific
• North America
• Europe
• Middle East & Africa
• South America