Immersion Cooling Fluids Market worth $27.3 billion by 2027 | Key players operating in the market include Nynas AB, Ergon Inc., PetroChina Company Limited, APAR Industries, Sinopec Lubricant Company

The global Immersion Cooling Fluids Market size is estimated to grow from USD 1.7 Billion in 2022 to USD 2.6 Billion by 2027, at a CAGR of 8.1% during the forecast period. The immersion cooling fluids market has been growing at a moderate pace over the past five years, owing to the increasing demand for immersion cooling fluids for end-use such as, transformers, EV battery and data center.

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The market is segmented by type namely, fluorocarbon-based fluids, synthetic fluids, mineral oil and others. Immersion cooling fluids improve efficiency and productivity of transformers, data center and EV battery by providing effective cooling.

Among type, the synthetic fluids segment is expected to grow at the highest CAGR during the forecast period in terms of value. Synthetic fluids are used in immersion cooling solutions for data center. The increase demand for new and efficient cooling fluids for data center and new technology advancements in immersion cooling solutions has resulted in growth of immersion cooling fluids market.

Based on end-use, the data center segment accounted for the second largest segment and EV batteries is said to be the fastest growing segment of the immersion cooling fluids market in forecasted period. The data center segment includes high-performance computing, edge-computing, artificial intelligence, cryptocurrency mining, and others. Adoption of immersion cooling fluids in various data center end-use has advantages such as, being ecofriendly and it is a cost-effective solution for cooling data centers. Immersion cooling fluids such as, mineral oil, fluorocarbon-based fluids, and synthetic fluids are used in data center. Growing developments in immersion cooling fluids to get higher and efficient cooling used is data center is expected to drive the market for this segment during the forecast period.

Immersion cooling fluids market in the North America region is expected to have second largest market share in during the forecast period in terms of value, owning to technological advancements in all the end-use such as, transformer, data center and EV battery.

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The US and the Canadian power utilities are planning to invest USD 980 billion over the next 20 years to replace, upgrade, and expand the prevailing aging transmission infrastructure. This includes effective cooling solutions for transformer. North America also has technology innovators such as Green Revolution Cooling Inc., Midas Green Technologies, LiquidCool Solutions Inc., and QCooling, who are offering immersion cooling solutions for data centers. Hence, with an increase in demand for effective cooling fluids for such end use industry, there will be a boost in demand for the immersion cooling fluids market.

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Some of the leading players in this market include Nynas AB (Sweden), Ergon, Inc. (US), PetroChina Company Limited (China), APAR Industries (India), and Sinopec Lubricant Company (China) among others.

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