Immersion Cooling Fluids Market: Size, Share, Trends, Key Players, Application, Growth And Analysis

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Immersion Cooling Fluids Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.98 billion In 2028 At A CAGR Of 9.6% :

The immersion cooling fluids market size has grown strongly in recent years. It will grow from $1.89 billion in 2023 to $2.07 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increased data center power density, raised energy costs, focus on green data centers, rapid growth in data storage, increased cloud computing.

The immersion cooling fluids market size is expected to see strong growth in the next few years. It will grow to $2.98 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to increasing adoption of 5G technology, increased focus on energy recovery, expansion of Internet of Things (IoT), rise in quantum computing applications, increased collaboration between tech companies. Major trends in the forecast period include hybrid cooling solutions, AI-driven management systems, customized immersion cooling solutions, maintenance-free solutions, focus on aesthetics and design.

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Immersion Cooling Fluids Market Major Segments
The immersion cooling fluids market covered in this report is segmented -

1) By Technology: Single-Phase Immersion Cooling, Two-Phase Immersion Cooling
2) By Cooling Fluid: Mineral Oil, Synthetic Fluids, Fluorocarbon-Based Fluids, Other Cooling Fluid
3) By Application: High-performance Computing, Edge Computing, Cryptocurrency Mining, Artificial Intelligence, Other Application
4) By End User: Transformers, Data Centers, EV Batteries, Solar Photovoltaic

Key Driver - Surging Data Center Demand Ignites Immersion Cooling Fluids Market Growth

The growing demand for data centers is expected to propel the growth of the immersion cooling fluids market going forward. A data center is a huge group of linked computer servers that businesses typically employ for the distant processing, archiving, or transport of massive amounts of data. The growing demand for data centers creates an increased use of immersion cooling fluid, which is used in data centers to directly submerge the IT gear in a non-conductive liquid for cooling purposes. For instance, according to the International Energy Agency (IEA), a Paris-based autonomous intergovernmental organization, the data center workload increased to 650 million in 2021, showing an increase of 260%. Therefore, the growing demand for data centers drives the growth of the immersion cooling fluids market.

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Prominent Trend - Innovative Immersion Cooling Fluids For Data Centers

Major companies operating in the immersion cooling fluids are launching new products such as data center immersion cooling fluids to increase their profitability in the market. Data center immersion cooling fluids are specialized liquids engineered to efficiently dissipate heat from electronic components through direct submersion, providing an innovative and effective approach to cooling within modern data center environments. For instance, in October 2023, ExxonMobil Corporation, a US-based natural gas company launched immersion fluid products for data centers. The new product comprising synthetic and non-synthetic variants, boast diverse properties for efficient heat dissipation in IT systems. Their low viscosity enhances energy efficiency, reducing overall ownership costs by up to 40%, including significant capital expenditure and operational savings. Compatible with various materials, these fluids ensure prolonged equipment lifespan and optimal performance. The technology lowers Power Usage Effectiveness, a critical data center metric, outperforming traditional air-cooling methods and enabling higher rack density with minimized energy and water consumption.

Immersion Cooling Fluids Market Players
Major companies operating in the immersion cooling fluids market report are ExxonMobil Corporation, Shell plc, Cargill Incorporated, Honeywell International Inc., 3M Company, Fujitsu Limited, Asperitas Company, Liquid Stack Inc., Solvay SA, The Lubrizol Corporation, Alfa Laval AB, Wiwynn Corporation, Submer Technologies SL, CoolIT Systems Inc., Castrol Limited, Fuchs Petrolub SE, Clustered Systems Co., Iceotope Limited, Cooltera Inc., NanoCool Inc., Asetek A/S, Green Revolution Cooling Inc., M&I Materials Limited, Allied Control Limited, LiquidCool Solutions Inc., Ebullient Inc., Midas Green Technologies LLC, Engineered Fluids Inc., ExaScaler Inc., DCX Liquid Cooling Systems

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the immersion cooling fluids market in 2023. Asia-Pacific is expected to be the fastest-growing region in the immersion cooling fluids market report during the forecast period. The regions covered in the immersion cooling fluids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Immersion Cooling Fluids Market Report Structure
3. Immersion Cooling Fluids Market Trends And Strategies
4. Immersion Cooling Fluids Market - Macro Economic Scenario
5. Immersion Cooling Fluids Market Size And Growth
…..
27. Immersion Cooling Fluids Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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