According to TechSci Research report, “Immersion Cooling Fluids Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Immersion Cooling Fluids Market stood at USD1.58 billion in 2022 and is anticipated to grow with a CAGR of 4.86% in the forecast period, 2023-2028. The initiatives taken by the government based on immersion cooling fluids have led to favorable market conditions for the Global Immersion Cooling Fluids Market. Several factors contribute to the growth of various immersion cooling fluids market products.
The U.S. Department of Energy (DOE) recently made an exciting announcement, revealing a generous USD 40 million fund dedicated to advancing research on more efficient cooling methods specifically tailored for data centers. This significant funding initiative aims to support various projects, including Intel Federal’s groundbreaking venture focused on adapting a cutting-edge two-phase immersion cooling system. By exploring innovative approaches to heat distribution, these projects seek to revolutionize the way data centers operate, ultimately leading to enhanced performance and reduced energy consumption.
Alongside the financial support for research, governments worldwide are taking proactive steps to promote the widespread adoption of green technology. As part of these efforts, they are offering enticing incentives to encourage organizations to embrace environmentally friendly solutions, such as immersion cooling systems. For instance, these incentives have emerged as a compelling reason for Bitcoin miners to transition from traditional cooling methods to liquid immersion cooling tanks. This shift not only ensures optimal operational efficiency but also contributes significantly to the reduction of carbon emissions, aligning with global sustainability goals.
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Research and development (R&D) plays a critical role in driving advancements in the immersion cooling fluids market. These activities lead to the development of new and innovative immersion cooling fluids that offer improved thermal conductivity, heat transfer efficiency, and environmental sustainability. Such advancements contribute to the growing adoption of immersion cooling fluids across various sectors, including data centers, high-performance computing, and electric vehicles.
The Global Immersion Cooling Fluids Market is segmented into type, end user, regional distribution, and company.
Based on its type, the mineral oil segment held the largest share in the market. Mineral oil is a valuable by-product obtained during the refining process of crude oil, which is primarily used for the production of gasoline and other petroleum products. This oil variant is predominantly composed of alkanes and cycloalkanes and is typically supplied by oil refineries without undergoing any additional processing, qualifications, or quality control measures.
When compared to traditional air conditioning systems, mineral oil offers superior efficiency, thereby simplifying the design of facilities and leading to substantial cost savings. The high boiling point, transparency, and oily nature of mineral oil make it an ideal choice for applications requiring a single-phase dielectric.
Based on region, the North American segment is expected to grow during the forecast period.
In recent years, the region has witnessed a significant surge in linked device penetration. As a result, investors in data centers are showing a growing interest in innovative cooling methods such as liquid immersion and direct-to-chip cooling. With the introduction of 5G networks worldwide, the relevance of edge data centers has been further amplified, and it’s worth noting that the United States has emerged as an early adopter of this transformative technology. In fact, numerous US operators, including EdgePresence, EdgeMicro, and American Towers, have already recognized the immense potential and have begun making strategic investments in these cutting-edge centers to capitalize on the evolving landscape of data management and connectivity.
Major companies operating in the Global Immersion Cooling Fluids Market are:
- FUCHS SE
- The Lubrizol Corporation
- 3M Company
- Castrol Limited
- M&I Materials Ltd.
- Shell plc
- TotalEnergies SE
- Cargill, Incorporated
- Dober Chemical Corp
- LANXESS AG
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“Growing application of immersion cooling fluids in various end-user industries are key drivers of the immersion cooling fluids market. Growth in the competitive landscape and presence of well-established companies in the market who are dedicated to enhancing their productivity of immersion cooling fluids with every passing year is anticipated to register an impressive growth in the Global Immersion Cooling Fluids Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Global Immersion Cooling Fluids Market By Type (Mineral Oil, Synthetic Fluids, Fluorocarbon-based Fluids, Others), By End User (BFSI, Energy, Manufacturing, Healthcare, IT& Telecommunication, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Immersion Cooling Fluids Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Immersion Cooling Fluids Market.
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Table of Content-Immersion Cooling Fluids Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Applications
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Impact of COVID-19 on Global Immersion Cooling Fluids Market
- Global Immersion Cooling Fluids Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Mineral Oil, Synthetic Fluids, Fluorocarbon-based Fluids, Others)
5.2.2. By End User (BFSI, Energy, Manufacturing, Healthcare, IT& Telecommunication, Others)
5.2.3. By Region
5.2.4. By Company (2022)
5.3. Market Map
- Asia Pacific Immersion Cooling Fluids Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By End User
6.2.3. By Country
6.3. Asia Pacific: Country Analysis
6.3.1. China Immersion Cooling Fluids Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type
6.3.1.2.2. By End User
6.3.2. India Immersion Cooling Fluids Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type
6.3.2.2.2. By End User
6.3.3. Australia Immersion Cooling Fluids Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Type
6.3.3.2.2. By End User
6.3.4. Japan Immersion Cooling Fluids Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Type
6.3.4.2.2. By End User
6.3.5. South Korea Immersion Cooling Fluids Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Type
6.3.5.2.2. By End User
