Immersion Cooling Fluids Market Size, Share and Opportunities 2023

The global immersion cooling fluids market size was valued at USD 2,189.3 million in 2022 and is poised to grow at a significant CAGR of 8.5% during the forecast period 2023-29. Over time, a large organization may be less expensive to replace malfunctioning servers more frequently than to keep a hyper-scale facility at a lower temperature. However, influential organizations must switch to an efficient cooling system due to the growing integration of GPUs in data centers, driven by the need for additional computational capacity. Due to the complex engineering, the upfront costs of the two-phase immersion cooling system are significantly higher than the single-phase immersion. The price is more than for established methods since immersion technology is more recent than water or air cooling, and cooling technology is constantly changing. Fluorocarbon-based coolants are also quite expensive because they need to be replenished frequently. These coolants cost hundreds of dollars per gallon, which raises overall running costs and offsets any little increases in power efficiency, not to mention the total cost of ownership (TCO).

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By Cooling Fluid
o Mineral Oil
o Synthetic Fluids
o Fluorocarbon-based Fluids
o Others

By Product
o Single-phase
o Two-phase

By Industry
o BFSI
o Government
o Energy
o Manufacturing
o Healthcare
o IT& Telecommunication
o Others

By Application
o High-performance Computing
o Edge Computing
o Cryptocurrency Mining
o Artificial Intelligence
o Others

By Geography
o North America
• USA
• Canada
o Europe
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

The Single-phase Segment is Dominating the Immersion Cooling Fluids Market:
The Single-phase additives segment is expected to account for a larger revenue share and the market is expected to grow at double digit growth rate over the forecast years. Market cooling during the projection timeframe. In single-phase, immersion cooling system technology, servers or other IT components are mounted vertically in a coolant bath of a hydrocarbon-based dielectric fluid with properties similar to mineral oil. The coolants degrade after ten to fifteen years since they do not evaporate when heated. Because of its affordability and high level of dependability, the single-phase immersion cooling system is anticipated to experience faster growth in the future. Since it is less expensive to install and consumes less energy, single-phase immersion cooling will continue to gain favor. As consumers become more aware of the trade-offs between single-phase and two-phase immersion, the demand for single immersion cooling will rise.

North America Leads Immersion Cooling Fluids Market:
The North American market for immersion cooling fluids is predicted to have the largest revenue share in 2022 due to the prevalence of massive data centers, and the same trend is anticipated throughout the forecast period. To keep up with the rapid expansion of the digital economy, data centres in North America are investing in new, high-performance computer servers that operate at rapid rates. The additional heat generated makes the data centre's cooling system work harder, raising cooling costs and lowering income. During the projection period, Asia Pacific is anticipated to experience the greatest CAGR growth. Businesses across all sectors are emphasising IT scalability and resilience more, employing hybrid and maybe colocation solutions, in order to be ready for pandemic-like systemic calamities in the future. Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS) companies in the Asia Pacific area also take public cloud providers into account when building their service offerings.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players

Global Immersion Cooling Fluids market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In September 2018 - An international partner program was started by Green Revolution Cooling (GRC) to encourage the use of immersion cooling in data centers. Through this channel partner program, GRC will have access to knowledgeable, seasoned individuals who can assist with the deployment of cooling systems.

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Key player's profiles in the Immersion Cooling Fluids Market report are Alfa Laval AB(Sweden), Liquid Stack Inc. (United States), Asetek AS (United States), Asperitas Company(Netherlands), Chilldyne Inc. (Canada), CoolIT Systems Inc. (Canada), Fujitsu Limited (Japan), Mikros Technologies (United States), Kaori Heat Treatment Co. Ltd (Taiwan), Lenovo group Limited (Hong Kong), Liquid Cool Solutions (United States), Midas Green Technologies (United States), Iceotope Technologies Ltd (United Kingdom), USystems Ltd (United Kingdom), Rittal GmbH & Co. KG(Germany), Schneider Electric (France), Submer Technologies (Spain), Vertiv Co. (United States), Wakefield-Vette Inc. (United States), Wiwynn Corporation (Taiwan).

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This release was published on openPR.