According to the recent study the immersion cooling market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 20% to 22% from 2023 to 2028. Growth in this market is primarily driven by growing demand from data centers for cost-effective and energy-efficient cooling solutions, rising number of people working from home globally, and increasing number of hyper-scale data centers.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in immersion cooling market by application (high-performance computing, edge computing, cryptocurrency mining, artificial intelligence, and others), product type (single-phase and two-phase), component (solutions and services), cooling liquid (mineral oil, fluorocarbon-based fluids, deionized water, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Mineral oil market is expected to remain the largest segment during the forecast period.”
Based on cooling liquid, the immersion cooling market is segmented into mineral oil, fluorocarbon-based fluids, deionized water, and others. Lucintel forecasts that the mineral oil market is expected to remain the largest segment over the forecast period because it offers benefits, like better efficiency, cost efficiency, and greater flexibility.
“Within the immersion cooling market, the cryptocurrency mining segment is expected to remain the largest application”
Based on application the cryptocurrency mining segment is expected to witness the highest growth over the forecast period due to the increasing transaction for digital currency and rising demand for thermal management solution to reduce heat during the processing of GPUs and CPUs in process of digital currency mining.
“North America will dominate the immersion cooling market in near future”
North America will remain the largest region over the forecast period of 2023-2028 due to the presence of many data centers, increasing investing in new high-performance computing servers, and presence of technology giants in the region.
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Major players of immersion cooling market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Fujitsu, Dug Technology, Green Revolution Cooling, Submer, Liquid Stack, Midas Green Technologies, and Asperitas are among the major immersion cooling providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/immersion-cooling-market.aspx or [email protected]