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. The increasing server rack density
& chip density, new IT use cases, such as harsh edge computing
environments, and pressure to reduce energy consumption in data center cooling
is expected to drive the immersion cooling market.
Browse 61
market data Tables and 33 Figures spread through 127 Pages and
in-depth TOC on "Immersion
Cooling Market by Type (Single-Phase and Two-Phase), Application (High
Performance Computing, Edge Computing, Cryptocurrency Mining), Cooling Fluid
Type (Mineral Oil, Synthetic Oil, Fluorocarbon Based), Geography - Global
Forecast to 2024".
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.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107040948
The high performance
computing segment is projected to lead the immersion cooling market during the
forecast period
Based on application, the High Performance Computing
(HPC) segment of the immersion cooling market is projected to grow at a higher
CAGR during the forecast period. The adoption of HPC is gaining traction, as
enterprises across various industry verticals are focusing on scaling-up their
complex applications. HPC enables scientists and engineers to solve complex,
compute-intensive problems.
Some of the benefits of HPC include high network performance, fast storage, large volume of memory, and very high compute capabilities. Thus, HPC enables organizations to develop new, innovative products and services to maintain a competitive edge in the market. The costs and logistics of conventional cooling become more challenging as server racks become denser thermally. These difficulties are faced in HPC where the systems can be twice or thrice denser. This encourages HPC customers to switch from traditional cooling methods to immersion cooling solutions, thus, driving the growth of the market during the forecast period.
The immersion cooling market in the Asia Pacific is
projected to grow at the highest CAGR during the forecast period
The immersion cooling market in the Asia Pacific is
projected to grow at the highest CAGR from 2019 to 2024. China, India, Japan,
and South Korea are key countries contributing to the increased demand for
immersion cooling in this region. The increasing adoption of immersion cooling
in applications, such as high performance computing, cryptocurrency mining,
edge computing, especially in China, Japan and India is expected to drive the
immersion cooling market in the Asia Pacific region during the forecast period.
Read More Information At https://www.marketsandmarkets.com/ResearchInsight/immersion-cooling-market.asp
About MarketsandMarkets™
MarketsandMarkets™ provides
quantified B2B research on 30,000 high growth niche opportunities/threats which
will impact 70% to 80% of worldwide companies’ revenues. Currently servicing
7500 customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship
competitive intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets and entire value
chains for deeper understanding of the unmet insights along with market sizing
and forecasts of niche markets.
Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
Comments
Post a Comment