Latest News- Immersion Cooling Market: Single-phase immersion cooling is expected to lead the Type segment during 2024-2028

The Immersion Cooling Market is being driven by Increasing investments in data centers

The Immersion Cooling Market is expected to grow at a CAGR of 28.62% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 988 million. In the rapidly evolving technology landscape, the adoption of advanced solutions such as machine learning, artificial intelligence, and blockchain is surging. These technologies demand powerful hardware, including tensor processing units (TPUs) and graphics processing units (GPUs), which generate significant heat due to their high thermal design points. Moreover, the commencement of new workloads on these hardware accelerators can lead to sudden power surges, posing challenges for traditional air-cooling methods. While some service providers are enhancing air-cooled solutions for high-density workloads, immersion cooling is gaining traction as the go-to solution for managing power-intensive workloads exceeding 25-30 kW per rack. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Single-phase immersion cooling
  • Two-phase immersion cooling
• Application
  • High-performance computing
  • Edge computing
  • Cryptocurrency mining
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • India
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing investments in data centers
• Growing inclination for immersion cooling solutions
• Growing emphasis on reduction in power consumption by data centers

However, the market also witnesses some limitations, which are as follows:

• Lack of demand and awareness
• Availability of alternative cooling methods
• Consolidation of data centers

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Market Scope in Immersion Cooling Market Research Report

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Research Analysis Overview

The Immersion Cooling Market is experiencing significant growth due to the adoption of energy-efficient solutions in data centers, including those used for cryptocurrency mining and blockchain technologies. The market offers cost advantages through lower energy consumption, making it an attractive option for hyper-scale data centers, cloud computing infrastructure, and IoT functionality. The complexity of algorithms and heat generation in these applications necessitate immersion cooling, which is also gaining traction in industries like e-commerce, education, and electronics. Industry dynamics, including changing lifestyle trends and stringent laws, further drive the market's growth. Capital costs are being offset by managed service providers offering single-phase immersion cooling systems, making it accessible to a global workforce in various sectors. IT components and hardware modifications are also contributing to the market's expansion.

Market Research Overview

The Immersive Cooling Market is a significant segment of the larger Industrial Machinery and Supplies and Components Market, encompassing businesses specializing in liquid cooling solutions for data centers. Market expansion is driven by the increasing demand for energy efficiency, high-performance computing (HPC), and thermal management in sectors such as cryptocurrency mining, AI workloads, cloud computing, and green data centers. Factors fueling growth include the need to meet sustainability goals, cooling fluid innovation, and the rise of edge computing and hyperscale data centers. These trends are attributed to the growing industrial output and capacity additions in process and discrete industries, particularly in developing countries, leading to increased demand for energy, chemicals, and petrochemicals, pulp and paper products, and processed food and beverages.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/