China, India, Japan, and South Korea are key countries contributing to the increased demand for immersion cooling
The Immersion Cooling Market is projected to
grow from USD 177 million in 2019 to USD 501 million by 2024, at a CAGR of
23.2% from 2019 to 2024.
Based on application, the market is classified into high performance
computing, edge computing, artificial intelligence, and cryptocurrency mining,
among others. Among the various applications, the high performance computing
segment is estimated to account for the largest revenue share in 2019, followed
by the cryptocurrency mining segment driven by the increasing usage of
immersion cooling by small and large crypto miners.
Manufacturers are investing heavily in R&D to develop new immersion
cooling solutions that will be suitable for the growing chip densities and
could be deployed at the edge.Increasing
server rack density & chip density, new IT use cases including harsh edge
computing environments, and pressure to reduce energy consumption in data
center cooling is expected to drive the immersion cooling market over the next
few years.
Changing IT
equipment technology has always driven the development of new infrastructure
solutions. Although liquid cooling has been deployed for several years in
mainframes and High Performance Computing (HPC), the emergence of the present
technologies, such as cloud, IoT, AI, cryptocurrency mining, and edge
applications are once again resulting in IT technology changes, which is
enforcing a renewed look at liquid cooling, specifically, immersion cooling and
the development of new technologies.
Increasing focus on
data center energy efficiency and sustainability is also placing increased
pressure on the data center industry to develop and adopt efficient cooling
infrastructure, such as liquid immersion cooling.
Fujitsu Limited (Japan), Green
Revolution Cooling Inc. (US), Submer
Technologies (Spain), Allied Control Ltd. (Hong Kong) Asperitas (The
Netherlands), Midas Green Technologies (US), Iceotope Technologies Limited (UK),
DCX – The Liquid Cooling Company (Poland), LiquidCool Solutions (US), DownUnder
GeoSolutions Pty Ltd. (The Netherlands), ExaScaler Inc. (Japan), and Horizon
Computing Solutions (France) are some of the leading players operating in the immersion
cooling market. These players have adopted the expansions, new product
developments, partnerships, and collaborations strategies to enhance their
positions in the market.
Asia Pacific, North America, and Europe
are significant regional markets for immersion cooling. The Asia Pacific market
is expected to witness the fastest growth between 2019 and 2024. The market in
this region is experiencing increasing adoption of immersion cooling in all
application segments of the respective market.
The market in China is expected to
grow at the highest CAGR during the forecast period due to the increasing
adoption of immersion cooling by different application segments, such as high performance computing, cryptocurrency
mining, and artificial intelligence, among others.
Submer Technologies is launching advanced
products by providing liquid immersion cooling solutions in Europe and North
America. In January 2019, Submer
Technologies became a full member of the ETP4HPC, the European Technology
Platform for High Performance Computing
(HPC). ETP4HPC is an industry-led think-tank composed of European HPC
technology stakeholders whose main task is to define research priorities and
action plans in the area of HPC technology provision (such as the provision of
supercomputing systems). This partnership will enhance the recognition of Submer in the European market.
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