Immersion Cooling Market is Forecasted to Reach US$ 1173.75 Million in 2028, Says Stratview Research

The global immersion cooling market is projected to witness a growth rate of 24.37% annually from 2022 to 2028, with an anticipated size of US$ 1173.75 million by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global immersion cooling market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1133/immersion-cooling-market.html#form

Report Highlights:
Market Size in 2028: US$ 1173.75 million
Growth (CAGR): 24.37% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Immersion Cooling Market:

The global immersion cooling market is segmented based on cooling system type, application type, cooling fluid type, and region.

Based on cooling system type - The market is segmented as single-phase immersion cooling system and two-phase immersion cooling system. Single-phase immersion cooling system held the larger share of more than 70% of the market in 2021 and are expected to grow at a higher CAGR during the forecast period. Coolant in this type of immersion cooling system remains always in liquid form as it never boils or freezes.

Based on application type - The immersion cooling market is segmented as high-performance computing, edge computing, cryptocurrency mining, and others. The high-performance computing segment governed the market accounting more than 30% market share in 2021, whereas cryptocurrency mining is estimated to be the fastest-growing segment during the forecast period.

Based on cooling fluid type - The market is segmented as mineral oil, synthetic oil, fluorocarbon-based, and others. Mineral oil held the largest share of more than 40% of the market in 2021, as it is less costly and is an energy-efficient cooling solution.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1133/immersion-cooling-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is the largest market, whereas Asia-Pacific is the fastest-growing market for immersion cooling systems. This growth outlook is majorly attributed to the following-

• North America accounted for more than 35% market share in 2021.
• The high demand is because of its increasing use in high-performance computing, cryptocurrency mining, edge computing, artificial intelligence, and cloud computing.

Immersion Cooling Market Drivers:

Some of the key drivers listed in the report are given below.
• Rising no. of data centres: Globally industries and other sectors generates huge amount of data that requires data centres. Data centres produce a large amount of heat resulting in high demand for cooling solutions like immersion cooling. For instance, US data centres demand is set to grow from 17 Gigawatts (GW) in 2022 to 35 GW in 2030, which will ultimately lead to the growth of cooling solutions.
• Government fundings: Governments of some countries are announcing funds for cooling solutions for example, The U.S. Department of Energy (DOE) announced $40 million in funding for 15 projects that will develop high-performance, energy efficient cooling solutions for data centres. These efforts will primarily show the importance of cooling solutions and will benefit the environment.
• Rising demand for disruptive technologies: Rising demand for disruptive technologies, like AI and Gen AI, generates huge amount of data that requires large storage spaces which will directly relate to the increased power consumption. As of early 2024, data centres typically supported rack power requirements of 20 kW or higher, But the average power density is anticipated to increase from 36 kW per server rack in 2023 to 50 kW per rack by 2027.

Top Companies in the Immersion Cooling Market:

Stratview Research has identified the following companies as the top market players.
• Allied Control Ltd
• Asperitas
• DCX The Liquid Cooling Company
• DownUnder GeoSolutions Pty Ltd
• Fujitsu Limited
• Green Revolution Cooling Inc
• Iceotope Technologies Limited
• LiquidCool Solutions
• Midas Green Technologies
• Submer Technologies.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Immersion Cooling Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Data Center Liquid Cooling Market: https://www.stratviewresearch.com/3624/data-center-liquid-cooling-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.