The immersion cooling techniques helps in removal of very high heat fluxes from electronic components. To tackle the demand for data centers along with maintaining low power consumption and power usage effectiveness (PUE), many data centers have started utilizing liquid cooling techniques, which offer efficient cooling, especially in comparison to legacy systems such as air cooling.

Read Report Overview: Immersion Cooling Market

The global immersion cooling market was estimated to be at $251.0 million in 2021, which is expected to grow with a CAGR of 36.3% and reach $1,605.5 million by 2027. The growth in the global immersion cooling market is expected to be driven by increased water scarcity and boosting numbers of number of colocation and hyper data centers.

Market Drivers and Challenges in the Global Immersion Cooling Market

The data centers have begun updating their premises by introducing immersion cooling systems to significantly reduce water usage involving innovations for data center cooling. Reduction in operating costs further drives the global immersion cooling market. The development of carbon-neutral data centers is also driving the global immersion cooling market with the support of different government initiatives and environmental guidelines, particularly that support reduction of carbon emissions. For instance, due to the influence of a few government initiatives such as the Paris Agreement, data centers and other industries will adopt technologies such as immersion cooling to decrease the heat that is dissipated, thereby contributing to reducing global warming.

Global Immersion Cooling Market (by Product)

Immersion cooling can be done using two types of technologies that include single-phase immersion cooling liquid and two-phase immersion cooling liquid. In the single-phase immersion cooling technology, servers or other information technology (IT) components are mounted vertically in a coolant bath of a hydrocarbon-based dielectric fluid that has properties similar to mineral oil. A two-phase immersion cooling system utilizes a low-temperature evaporation procedure to cool hot IT servers and components to transfer the heat from the liquid.

Recent Developments in Global Immersion Cooling Market

• In January 2022, Green Revolution Cooling collaborated with Intel to reduce the environmental impact of digital infrastructure. This will result in the customers to develop and implement advanced immersion cooling techniques in future data centers.
• In March 2021, Submer and SYNNEX Corporation joined forces. According to the agreement, Submer’s range of liquid cooling and edge-ready solutions will be manufactured in the U.S. and distributed by SYNNEX.
• In September 2018, Fujitsu launched a liquid immersion cooling system which will support in reducing the total cost of ownership.
• In March 2021, LiquidStack, launched from stealth mode with new deployments across vital sectors such as high-performance computing (HPC), cloud services, artificial intelligence (AI), edge and telecommunications, and funded by Strategic Partner Wiwynn in Series A funding round.

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Competitive Landscape of Global Immersion Cooling Market

The global immersion cooling market has experienced a few strategic and industrial developments over the last five years, commenced by the various market key players to achieve their respective market stakes in this evolving immersion cooling market. Some of the strategies included in this segment are product development and innovation, partnerships and collaborations, business expansions, product launches and investments, and awards and recognition. The favored strategy for the firms has been business expansion and partnership, joint venture, and collaboration to strengthen their position in the global immersion cooling market.

Various manufacturers are launching new products for different applications and have enacted a sustainable development strategy for future growth. For instance, in January 2022, Submer raised an amount of $XX million from Planet First, including Norrsken VC, Alma Mundi Ventures, and Tim Reynolds. In November 2021, LiquidStack launched a high-performance open accelerator infrastructure (OAI) server that is specially designed for 2-phase immersion cooling systems. Therefore, an immersion cooling technology requires minimal energy input, which is expected to positively impact the growth of the global immersion cooling market by saving cost and energy.

Analyst Thoughts

According to Rakhi Tanwar, Principal Analyst, BIS Research, "The immersion cooling market is expected to be a great replacement of the conventional tools and techniques used for cooling cryptocurrency mining centres, high-performance computing and other edge computing centres. Through adoption of the immersion cooling technologies, the global water shortage can be mitigated along with increase in storage capacity and scalability of data centers."