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Rising Demand for Immersion Cooling Due to Increasing Number of Data Centers

03-27-2023 02:34 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Rising Demand for Immersion Cooling Due to Increasing Number

The immersion cooling industry has generated $258.6 million revenue, and it is projected to capture $1,855.1 million revenue in 2030, rising at a rate of 24.5% from 2021 to 2030.

The rising penetration of data centers, large amounts of data generation, and quick usage of cloud services are major factors to propel the industry growth. Furthermore, the burgeoning internet users, growing smartphone penetration, increasing usage of social media, and growing focus of organizations to shift from server room environments to data centers are major industry drivers.

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The single-phase category holds a larger industry share, of approx. 70%. It is attributed to various benefits provided by this technique to users. For instance, single-phase immersion cooling systems are energy efficient, easy to use, cost-efficient, and possess low-maintenance costs with an average life of 15 years. All such factors, fuel the demand for immersion cooling systems in data centers. It is substantially higher and hence leads the industry.

Moreover, factors such as higher biodegradability, low environmental impact, and rising requirement for data center sustainability are projected to fuel the industry growth in the coming years.

The high volumetric data generation fuels the industry growth. For instance, in 2020, around 64.2 data zettabytes were generated. It is 314% higher than the data generated in 2015.

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Additionally, 2.5 quintillion data bytes are generated worldwide. The rising adoption of social media platforms and IoT solutions introductions, accounting for 90% of worldwide data generated in the last few years.

The widespread use of IoT devices, machine-to-machine, embedded, and IoT is projected to fuel data generation. Other sources such as pictures, videos, information for amusement, and practical uses such as security, advertising, and productivity-driven data such as log files on computer systems and servers.

Businesses use the information to improve their products and services, maintain better customer relations and increase profitability. Immersion cooling is projected to garner popularity due to growing data generation, and the increasing requirements for better storage, which proliferates the industry.

The data center infrastructure and IT equipment are experiencing a major rise in temperature due to the growing adoption of advanced technologies. Data centers are focusing on strategic methods to keep the equipment cool with reduced environmental impact and enhance computing capacity.

Furthermore, the expansion of data centers to cater to the rising need for data centers and the increasing number of end users fuel the requirement for effective cooling solutions, that propel the industry growth.

Moreover, high-performance computing generates next-significant industry revenue. It is ascribed to the growing usage of HPC in the manufacturing, aerospace, finance, genomics, healthcare, media, and entertainment sectors.

HPC can be used to develop simulations, mitigate requirements for physical tests and save time and money. Thus, the infrastructure expansion for various HPC applications boosts industry growth.

North America holds the largest industry share, of 40%. It is ascribed to major investments in research & development in the region and results in the development of highly efficient and technologically advanced next-generation facilities for power administration.

Therefore, high volumetric data generation propels the immersion cooling industry.

P&S Intelligence
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P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

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