The Global Immersion Cooling in Data Centers Market to Reflect 16.24% CAGR by 2028

Triton Market Research presents the Global Immersion Cooling in Data Centers Market segmented by Product Type {Single-phase Immersion Cooling System, Two-phase Immersion Cooling System}, by Verticals {IT & Telecom, BFSI (Banking, Financial Services & Insurance), Government & Public Sector, Healthcare, Manufacturing, Retail, Other Verticals}, by End-user {Hyperscale Data Centers, Enterprise Data Centers, Colocation Data Centers, Other End-users}, by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), discussing Market Summary, Industry Outlook, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, and Global Market Size, Forecasts, & Analysis (2022-2028).Market Summary, Industry Outlook, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, and Global Market Size, Forecasts, & Analysis (2022-2028).

Triton Market Research's report highlights that the Global Immersion Cooling in Data Centers Market is expected to rise at a CAGR of 16.24% during the forecasted period 2022-2028.

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Liquid immersion cooling has emerged as a path-breaking and cutting-edge technology. Immersion cooling systems are highly suitable to be deployed in power-hungry applications. With the growth in power density and the increasing number of data centers, the demand for these systems is at an all-time high. This is fostering the growth of the market.

There are a number of disadvantages associated with immersion cooling systems used in data centers. One of those is that they incur additional expenses as assembling them involves a number of components, such as dielectric fluid, customized tubs, piping, pumps, heat transfer systems, and others. This factor is majorly hampering the considered market's growth.

Globally, Europe is expected to be the fastest-growing market globally over the projected period. The region is focusing on lowering pollution and promoting green energy. As a result, the adoption of immersion cooling systems is likely to witness a boost. This is because immersion cooling systems show high energy efficiency and help reduce carbon footprints. The rising adoption of these systems, owing to the growing focus on the environment and sustainability, is expected to propel the European market forward in the coming years.

The major companies outlined in the immersion cooling in data centers market are Vertiv Group Corporation, Submer, Iceotope Technologies Limited, Midas Immersion Cooling, Wiwynn, DCX The Liquid Cooling Company, Exascalar Inc, LiquidStack, Schneider Electric, Fujitsu, Liquidcool Solutions, Usystems Limited, GRC Green Revolution Cooling, Asperitas, Stulz GmbH, and DUG Technology.

The global market buyers have high bargaining power. This can be attributed to the diversity in products and meager switching costs. Also, there are numerous suppliers present in the market, which makes it easy for the customers to switch to other suppliers. Here, the main buyers are servers, IT companies, cloud services companies, and server & data center companies. On the other hand, the suppliers are affected by the global supply chain issues, which can increase the cost of components used in immersion cooling systems. This lowers the suppliers' bargaining power.

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