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. Download PDF Brochure @ http://bit.ly/2Ms3z2P 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...