DUBLIN, July 26, 2021--(BUSINESS WIRE)--The "Immersion Cooling Market by Type (Single-Phase And Two-Phase), Application (High-Performance Computing, Edge Computing, Cryptocurrency Mining), Cooling Fluid (Mineral Oil, Synthetic, Fluorocarbon-Based), and Geography - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The immersion cooling market is projected to grow from USD 243 million in 2021 to USD 700 million by 2026, at a CAGR of 23.6% from 2021 to 2026.
Single-phase type segment is projected to lead the immersion cooling market during the forecast period.
Based on type, the single-phase immersion cooling is estimated to grow at the highest CAGR during the forecasted period. In single-phase immersion cooling, the coolant never changes state, i.e., it never boils or freezes and always remains in a liquid form. The coolant gets pumped to a heat exchanger where heat is transferred to a cooler water circuit. Due to this, there are no chances of the cooling fluid getting evaporated as it does in two-phase immersion cooling technique. This is expected to drive the single-phase type segment during the forecast period.
High-performance computing is the second-largest application segment immersion cooling market.
Based on the application, the high-performance computing segment accounted for the second-largest share in the immersion cooling market. The large share can be attributed to the fact that the adoption of HPC (High Performance Computing) is gaining traction as enterprises across various industry verticals are focusing on scaling up their complex applications. This has increased the server rack densities, resulting in making conventional cooling systems redundant. This has encouraged HPC customers to switch from traditional cooling methods to immersion cooling solutions.
Asia Pacific is projected to grow the highest CAGR in the immersion cooling market during the forecast period.
Asia Pacific is projected to grow at the highest CAGR in the immersion cooling market from 2021 to 2026. The increasing use of technologies such as high-performance computing, artificial intelligence, edge computing, cloud computing, cryptocurrency mining, and enterprise computing, has increased the 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 is forcing the 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.
Increasing Number of Data Centers
Growing Density of Servers
Rising Need for Cost-Effective Cooling Solutions
Growing Need for Eco-Friendly Data Center Cooling Solutions
Need for Better Overclocking Potential
Increasing Demand for Compact and Noise-Free Solutions
Higher Efficiency and Versatile Design
Requirement of Additional and Specialized Infrastructure
Susceptibility to Leakage
Slow Recognition from End-users
Adoption in Low-Density Data Centers
Emergence of Ai, Blockchain, High-Performance Electronics, Telecom, and Other Technologies
Development of Cooling Solutions for Deployment in Harsh Environments
High-Density Cooling Requirements
High Investments in Existing Infrastructure
Lack of Standardization
DCX - The Liquid Cooling Company
Green Revolution Cooling Inc.
Iceotope Technologies Limited
Midas Green Technologies
Sixtyonec Technology Corporation
For more information about this report visit https://www.researchandmarkets.com/r/6wexwn
View source version on businesswire.com: https://www.businesswire.com/news/home/20210726005560/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900