Overview and Scope
Immersion cooling fluids refer to liquids or fluids used to immerse IT hardware components in a dielectric fluid to cool the equipment.
Sizing and Forecast
The immersion cooling fluids market size has grown strongly in recent years. It will grow from $1.89 billion in 2023 to $2.07 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increased data center power density, raised energy costs, focus on green data centers, rapid growth in data storage, increased cloud computing.
The immersion cooling fluids market size is expected to see strong growth in the next few years. It will grow to $2.98 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to increasing adoption of 5G technology, increased focus on energy recovery, expansion of Internet of Things (IoT), rise in quantum computing applications, increased collaboration between tech companies. Major trends in the forecast period include hybrid cooling solutions, AI-driven management systems, customized immersion cooling solutions, maintenance-free solutions, focus on aesthetics and design.
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Segmentation & Regional Insights
The immersion cooling fluids market covered in this report is segmented –
1) By Technology: Single-Phase Immersion Cooling, Two-Phase Immersion Cooling
2) By Cooling Fluid: Mineral Oil, Synthetic Fluids, Fluorocarbon-Based Fluids, Other Cooling Fluid
3) By Application: High-performance Computing, Edge Computing, Cryptocurrency Mining, Artificial Intelligence, Other Application
4) By End User: Transformers, Data Centers, EV Batteries, Solar Photovoltaic
Asia-Pacific was the largest region in the immersion cooling fluids market in 2023. Asia-Pacific is expected to be the fastest-growing region in the immersion cooling fluids market report during the forecast period. The regions covered in the immersion cooling fluids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing demand for data centers is expected to propel the growth of the immersion cooling fluids market going forward. A data center is a huge group of linked computer servers that businesses typically employ for the distant processing, archiving, or transport of massive amounts of data. The growing demand for data centers creates an increased use of immersion cooling fluid, which is used in data centers to directly submerge the IT gear in a non-conductive liquid for cooling purposes. For instance, according to the International Energy Agency (IEA), a Paris-based autonomous intergovernmental organization, the data center workload increased to 650 million in 2021, showing an increase of 260%. Therefore, the growing demand for data centers drives the growth of the immersion cooling fluids market.
Key Industry Players
Major companies operating in the immersion cooling fluids market report are ExxonMobil Corporation, Shell PLC, Cargill Incorporated, Honeywell International Inc., 3M Company, Fujitsu Limited, Asperitas Company, Liquid Stack Inc., Solvay SA, The Lubrizol Corporation, Alfa Laval AB, Wiwynn Corporation, Submer Technologies SL, CoolIT Systems Inc., Castrol Limited, Fuchs Petrolub SE, Clustered Systems Co., Iceotope Limited, Cooltera Inc., NanoCool Inc., Asetek A/S, Green Revolution Cooling Inc., M&I Materials Limited, Allied Control Limited, LiquidCool Solutions Inc., Ebullient Inc., Midas Green Technologies LLC, Engineered Fluids Inc., ExaScaler Inc., DCX Liquid Cooling Systems
The immersion cooling fluids market report table of contents includes:
1. Executive Summary
2. Immersion Cooling Fluids Market Characteristics
3. Immersion Cooling Fluids Market Trends And Strategies
4. Immersion Cooling Fluids Market – Macro Economic Scenario
5. Global Immersion Cooling Fluids Market Size and Growth
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31. Immersion Cooling Fluids Market Other Major And Innovative Companies
32. Global Immersion Cooling Fluids Market Competitive Benchmarking
33. Global Immersion Cooling Fluids Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Immersion Cooling Fluids Market
35. Immersion Cooling Fluids Market Future Outlook and Potential Analysis
36.Appendix
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