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.
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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