Immersion Cooling Market: By Type (Two-Phase Immersion Cooling and Single-Phase Immersion Cooling), By Cooling Fluid Type (Fluorocarbon-Based Fluid, Synthetic Oil, Mineral Oil and Others), By Application (High Performance Computing, Edge Computing, Artificial Intelligence, Cryptocurrency Mining and Others) and Geography

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Immersion Cooling Market size valued USD 160.8 million in 2022 and expected to reach USD 748.25 million by 2028, at a significant CAGR of 20.82% from 2023-2029. Some of the key factors fueling the market growth include growing need for eco-friendly data center cooling solutions, increasing need for cost-effective cooling solutions, upsurge in the number of hyper-scale data centers and increasing density of server racks. However, requirement of additional and specialized infrastructure and high investments in existing infrastructure are some major factors hindering the market growth. This report studies global immersion cooling market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global immersion cooling market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).

Global Immersion Cooling Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

20.82%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific
Immersion Cooling Market Dynamics

The data center industry is experiencing explosive growth globally. Todays data centers are no longer just an enabler to the business, they can often provide corporations with competitive advantages and are the underpinnings to corporate success. Effective data center infrastructure management strategies can propel the efficiency, utilization, and availability of data center assets and services. Data center immersion cooling helps improve thermal design by directly immersing IT hardware in a non-conductive liquid. Heat generated by the electronic components is directly and efficiently transferred to the fluid, thereby reducing otherwise needed active cooling components, such as interface materials, heat sinks and fans. These improvements increase energy efficiency and enable higher packaging densities.

Key Features of the Reports

  • Global immersion cooling market expanding at significant CAGR over 2023-2029 due to growing need for eco-friendly data center cooling solutions
  • Based on type, two-phase immersion cooling segment accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global market

Global Immersion Cooling Market Segmentation

By Type
  • Two-Phase Immersion Cooling
  • Single-Phase Immersion Cooling
By Cooling Fluid Type
  • Fluorocarbon-Based Fluid
  • Synthetic Oil
  • Mineral Oil
  • Others
By Application
  • High Performance Computing
  • Edge Computing
  • Artificial Intelligence
  • Cryptocurrency Mining
  • Others
By Geography
  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

The Immersion cooling market size was valued at USD 160.8 million in 2022.

The Immersion cooling market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The Immersion cooling market key players are Allied Control Ltd. (Hong Kong), Asperitas (Netherlands), DCX The Liquid Cooling Company (Poland), DownUnder GeoSolutions Pty Ltd. (Netherlands), ExaScaler Inc. (Japan), Fujitsu Limited (Japan), Green Revolution Cooling Inc. (US), Horizon Computing Solutions (France), Iceotope Technologies Limited (UK), LiquidCool Solutions (US), Midas Green Technologies (US), Submer Technologies (Spain)

1.Executive Summary
2.Global Immersion Cooling Market Introduction 
2.1.Global Immersion Cooling Market  - Taxonomy
2.2.Global Immersion Cooling Market  - Definitions
2.2.1.Type
2.2.2.Cooling Fluid Type
2.2.3.Application
2.2.4.Region
3.Global Immersion Cooling Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Immersion Cooling Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Immersion Cooling Market  By Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Two-Phase Immersion Cooling
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Single-Phase Immersion Cooling
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Immersion Cooling Market  By Cooling Fluid Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Fluorocarbon-Based Fluid
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Synthetic Oil
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Mineral Oil
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Others
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Immersion Cooling Market  By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. High Performance Computing
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Edge Computing
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Artificial Intelligence
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Cryptocurrency Mining
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Others
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.Global Immersion Cooling Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Immersion Cooling Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Two-Phase Immersion Cooling
9.1.2.Single-Phase Immersion Cooling
9.2.  Cooling Fluid Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Fluorocarbon-Based Fluid
9.2.2.Synthetic Oil
9.2.3.Mineral Oil
9.2.4.Others
9.3.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.High Performance Computing
9.3.2.Edge Computing
9.3.3.Artificial Intelligence
9.3.4.Cryptocurrency Mining
9.3.5.Others
9.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Immersion Cooling Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Two-Phase Immersion Cooling
10.1.2.Single-Phase Immersion Cooling
10.2.  Cooling Fluid Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Fluorocarbon-Based Fluid
10.2.2.Synthetic Oil
10.2.3.Mineral Oil
10.2.4.Others
10.3.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.High Performance Computing
10.3.2.Edge Computing
10.3.3.Artificial Intelligence
10.3.4.Cryptocurrency Mining
10.3.5.Others
10.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11.Asia Pacific (APAC) Immersion Cooling Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Two-Phase Immersion Cooling
11.1.2.Single-Phase Immersion Cooling
11.2.  Cooling Fluid Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Fluorocarbon-Based Fluid
11.2.2.Synthetic Oil
11.2.3.Mineral Oil
11.2.4.Others
11.3.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.High Performance Computing
11.3.2.Edge Computing
11.3.3.Artificial Intelligence
11.3.4.Cryptocurrency Mining
11.3.5.Others
11.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Immersion Cooling Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Two-Phase Immersion Cooling
12.1.2.Single-Phase Immersion Cooling
12.2.  Cooling Fluid Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Fluorocarbon-Based Fluid
12.2.2.Synthetic Oil
12.2.3.Mineral Oil
12.2.4.Others
12.3.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.High Performance Computing
12.3.2.Edge Computing
12.3.3.Artificial Intelligence
12.3.4.Cryptocurrency Mining
12.3.5.Others
12.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Immersion Cooling Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Two-Phase Immersion Cooling
13.1.2.Single-Phase Immersion Cooling
13.2.  Cooling Fluid Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Fluorocarbon-Based Fluid
13.2.2.Synthetic Oil
13.2.3.Mineral Oil
13.2.4.Others
13.3.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.High Performance Computing
13.3.2.Edge Computing
13.3.3.Artificial Intelligence
13.3.4.Cryptocurrency Mining
13.3.5.Others
13.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Allied Control Ltd. (Hong Kong)
14.2.2.Asperitas (Netherlands)
14.2.3.DCX The Liquid Cooling Company (Poland)
14.2.4.DownUnder GeoSolutions Pty Ltd. (Netherlands)
14.2.5.ExaScaler Inc. (Japan)
14.2.6.Fujitsu Limited (Japan)
14.2.7.Green Revolution Cooling Inc. (US)
14.2.8.Horizon Computing Solutions (France)
14.2.9.Iceotope Technologies Limited (UK)
14.2.10.LiquidCool Solutions (US)
14.2.11.Midas Green Technologies (US)
14.2.12.Submer Technologies (Spain)
15. Research Methodology 
16. Appendix and Abbreviations 
  • Allied Control Ltd. (Hong Kong)
  • Asperitas (Netherlands)
  • DCX The Liquid Cooling Company (Poland)
  • DownUnder GeoSolutions Pty Ltd. (Netherlands)
  • ExaScaler Inc. (Japan)
  • Fujitsu Limited (Japan)
  • Green Revolution Cooling Inc. (US)
  • Horizon Computing Solutions (France)
  • Iceotope Technologies Limited (UK)
  • LiquidCool Solutions (US)
  • Midas Green Technologies (US)
  • Submer Technologies (Spain)

Adjacent Markets