The Immersion Cooling Fluids Global Market Report 2023 by The Business Research Company, provides immersion cooling fluids market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Immersion Cooling Fluids Global Market Report 2023, the market size is expected to grow from $1.75 billion in 2022 to $1.90 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global immersion cooling fluids is expected to grow to $2.69 billion in 2027 at a CAGR of 9.0%.
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.
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The immersion cooling fluids market 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
Technological advancement is a key trend gaining popularity in the immersion cooling fluids market. Major companies operating in the market are developing products with advanced technologies to sustain their position in the immersion cooling fluids market. For instance, in May 2020, Shell, a US-based oil company, and Asperitas, a Netherlands-based cooling solutions company, launched Shell Immersion Cooling Fluid S5 X. Shell’s gas-to-liquids technology is used to create the synthetic, single-phase immersion cooling fluid Shell Immersion Cooling Fluid S5 X from gas. It is optimized for Asperitas’ immersion cooling systems that employ natural convection, but it can also be used for other suppliers’ pumps or forced circulation systems. The unique features of the product include the liquid’s outstanding flow characteristics, great cooling efficiency, and thermodynamic qualities which are all intended to lower energy costs and emissions.
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. Immersion Cooling Fluids Market Size And Growth
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26. Africa Immersion Cooling Fluids Market
27. Immersion Cooling Fluids Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Immersion Cooling Fluids Market
29. Immersion Cooling Fluids Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Submer Technologies SL
- 3M Company
- Cargill Incorporated
- Castrol Limited
- Fuchs Petrolub SE
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