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PUBLISHER: BIS Research | PRODUCT CODE: 1075425

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PUBLISHER: BIS Research | PRODUCT CODE: 1075425

Immersion Cooling Market - A Global and Regional Analysis: Focus on Application, Product, and Country Analysis - Analysis and Forecast, 2022-2027

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Table of Contents

List of Tables

“Global Immersion Cooling Market to Reach $1,605.5 Million by 2027.”

Global Immersion Cooling Market Industry Overview

The global immersion cooling market was estimated to be at $251.0 million in 2021, which is expected to grow with a CAGR of 36.3% and reach $1,605.5 million by 2027. The growth in the global immersion cooling market is expected to be driven by increased water scarcity and boosting numbers of number of colocation and hyper data centers.

Market Lifecycle Stage

The immersion cooling market is in a growth phase. Cooling is a standard part of data center operations as servers and networking devices constantly run 24/7, which increases the core temperature, which if not controlled, can lead to data center outage. Reduce water scarcity, climate actions, sustainable urban infrastructure, and recycle and reusability are some of the SDGs that are expected to drive innovations and improvements toward the adoption of liquid cooling technologies. Therefore, growing number of data centers are resulting in a boost in the utilization of immersion cooling techniques.

Impact

  • Immersion cooling highly impacts thermal managements techniques with the use of dielectric coolants which can be potentially used on high-density data centres. This dielectric liquid permits deploying CPU and GPU clusters much closer collectively, i.e., in high-density configurations, while protecting crucial elements from thermal and environmental risks.
  • Immersion cooling bridges the gap between traditional and future data centres. It not only improves the data infrastructure system efficiency but also cuts by a huge margin the amount of energy consumed. This leads to reduced energy bills and carbon footprint.

Impact of COVID-19

Due to the COVID-19 pandemic, the revenues have gone down slightly in 2020 and may resume an uptrend gradually from 2021. Therefore, immersion cooling companies have adopted strategies to come back positively from this crisis, and therefore, the global immersion cooling market is anticipated to bounce back more robustly in the future. This is due to increase in data usage by 34% from the pre-pandemic times.

Market Segmentation:

Segmentation 1: by Application

    • Blockchain
    • High-Performance Computing
    • Data Center

Segmentation 2: by Technology

    • Single-Phase Immersion Cooling System
    • Two-Phase Immersion Cooling System

The single-phase immersion cooling is estimated to grow at the highest growth rate during the period 2022 to 2027. This type of immersion cooling technology always remains in liquid form as it never changes its state from liquid to gas.

Segmentation 3: by Region

    • North America - U.S., Canada, and Mexico
    • Europe - Germany, France, Spain, Netherlands, and Rest-of-Europe
    • China
    • U.K.
    • Asia-Pacific and Japan - Taiwan, India, Japan, Australia, Singapore, and Rest-of-Asia-Pacific and Japan
    • Rest-of-the-World- Middle East and Africa and South America

North America generated the highest revenue of $92.0 million in 2021. The region is experiencing an immense increase in the operational applications of immersion cooling such as data centers and edge computing systems. Therefore, the technology is being challenged by other alternatives in the cooling segment. Asia-Pacific region is anticipated to grow at a faster rate.

Recent Developments in Global Immersion Cooling Market

  • In January 2022, Green Revolution Cooling collaborated with Intel to reduce the environmental impact of digital infrastructure. This will result in the customers to develop and implement advanced immersion cooling techniques in future data centers.
  • In March 2021, Submer and SYNNEX Corporation joined forces. According to the agreement, Submer's range of liquid cooling and edge-ready solutions will be manufactured in the U.S. and distributed by SYNNEX.
  • In September 2018, Fujitsu launched a liquid immersion cooling system which will support in reducing the total cost of ownership.
  • In March 2021, LiquidStack, launched from stealth mode with new deployments across vital sectors such as high-performance computing (HPC), cloud services, artificial intelligence (AI), edge and telecommunications, and funded by Strategic Partner Wiwynn in Series A funding round.

Demand - Drivers and Limitations

Following are the demand drivers for the immersion cooling market:

  • Increasing Need for Sustainable Cooling Solutions
  • Reduction in Operational Costs

The market is expected to face some limitations too due to the following challenges:

  • Alternative Technologies Existing in the Market
  • Additional Costs in Case of System Failures and Fluid Leakages

How This Report Can Add Value to End Users

  • Product/Innovation Strategy: The study provides the reader a detailed understanding of the different immersion cooling-based products by application (blockchain, high-performance computing, and data center), and by technology (single-phase immersion cooling system and two-phase immersion cooling system).
  • Growth/Marketing Strategy: The global immersion cooling market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been partnerships, collaborations, mergers, acquisitions, and joint ventures to strengthen their positions in the immersion cooling market. For instance, in August 2021, Lubrizol and Submer partnered to offer holistic, tailored immersion cooling solutions for the expanding data center infrastructure market.
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Product Code: MS01198SA

Table of Contents

1 Market

  • 1.1 Industry Outlook
    • 1.1.1 Market Definition
    • 1.1.2 Case Study
      • 1.1.2.1 Introduction
      • 1.1.2.2 Cost Comparison of Various Cooling Technologies
      • 1.1.2.3 Immersion Cooling Can Be a Better Alternative Method
    • 1.1.3 Key Start-ups in the Global Immersion Cooling Market
    • 1.1.4 Impact of COVID-19 on the Global Immersion Cooling Market
  • 1.2 Business Dynamics
    • 1.2.1 Business Drivers
      • 1.2.1.1 Increasing Need for Sustainable Cooling Solutions
        • 1.2.1.1.1 Increasing Government Initiatives for Carbon Neutral and Energy-Efficient Data Centers
        • 1.2.1.1.2 Need to Curb Water Usage due to Increasing Water Scarcity
        • 1.2.1.1.3 Growing Number of Green and Smart City Projects
      • 1.2.1.2 Reduction in Operational Costs
        • 1.2.1.2.1 Extends Life of Equipment and Hardware
        • 1.2.1.2.2 Resource Saving Technology
        • 1.2.1.2.3 Reduction of Floor Space Needed by Data Centers
    • 1.2.2 Business Challenges
      • 1.2.2.1 Alternative Technologies Existing in the Market
      • 1.2.2.2 Additional Costs in Case of System Failures and Fluid Leakages
        • 1.2.2.2.1 Fluid Leakages Add to Costs
        • 1.2.2.2.2 Immersion Cooling Systems are Susceptible to Breakdowns
        • 1.2.2.2.3 Equipment and Hardware Need to be Pre-Designed and Modified
      • 1.2.2.3 Lack of Standardization
    • 1.2.3 Business Strategies
      • 1.2.3.1 Product Development and Innovation
      • 1.2.3.2 Business Expansion
    • 1.2.4 Corporate Strategies
      • 1.2.4.1 Mergers and Acquisitions
      • 1.2.4.2 Partnerships, Collaborations, and Joint Ventures
      • 1.2.4.3 Others
    • 1.2.5 Business Opportunities
      • 1.2.5.1 Retrofitting Opportunities
        • 1.2.5.1.1 Increasing Efficiency of Existing Data Centers
        • 1.2.5.1.2 Conversion of Old Buildings to Data Centers
      • 1.2.5.2 Increasing Demand for Data Centers
        • 1.2.5.2.1 Need for Edge, Colocation, and Hyperscale Data Center
        • 1.2.5.2.2 Growth in Penetration Rate of Internet and Cloud Services
        • 1.2.5.2.3 Increased Rack Density
      • 1.2.5.3 Increased Adoption of Blockchain Technologies and Growing Demand for Crypto Mining

2 Application

  • 2.1 Global Immersion Cooling Market - by Application
    • 2.1.1 Blockchain
    • 2.1.2 High-Performance Computing
    • 2.1.3 Data Center
      • 2.1.3.1 Hyperscale Center
      • 2.1.3.2 Enterprise
      • 2.1.3.3 Colocation Data Center
      • 2.1.3.4 Others
  • 2.2 Demand Analysis of the Global Immersion Cooling Market (by Application)

3 Product

  • 3.1 Global Immersion Cooling Market - by Technology
    • 3.1.1 Single-Phase Immersion Cooling System
    • 3.1.2 Two-Phase Immersion Cooling System
  • 3.2 Demand Analysis of the Global Immersion Cooling Market (by Technology)
  • 3.3 Patent Analysis
    • 3.3.1 Patent Analysis (by Patent Objective)
    • 3.3.2 Patent Analysis (by Patent Office)
    • 3.3.3 Patent Analysis (by Organization)
    • 3.3.4 Patent Analysis-Single-Phase Immersion Cooling (by Organizations)
    • 3.3.5 Patent Analysis-2-Phase Immersion Cooling (by Organizations)

4 Region

  • 4.1 Global Immersion Cooling Outlook
    • 4.1.1 Global Data Centers
    • 4.1.2 Global Crypto Currency Mining
  • 4.2 North America
    • 4.2.1 Market
      • 4.2.1.1 Business Challenges
      • 4.2.1.2 Business Drivers
    • 4.2.2 Application
      • 4.2.2.1 North America Immersion Cooling Market (by Application), $Million, 2021-2027
    • 4.2.3 Product
      • 4.2.3.1 North America Immersion Cooling Market (by Product), $Million, 2021-2027
    • 4.2.4 North America (by Country)
      • 4.2.4.1 U.S.
        • 4.2.4.1.1 Market
          • 4.2.4.1.1.1 Buyer Attributes
          • 4.2.4.1.1.2 Key Immersion Cooling Providers in the U.S.
          • 4.2.4.1.1.3 Business Challenges
          • 4.2.4.1.1.4 Business Drivers
      • 4.2.4.2 Canada
        • 4.2.4.2.1 Market
          • 4.2.4.2.1.1 Buyer Attributes
          • 4.2.4.2.1.2 Key Immersion Cooling Providers in Canada
          • 4.2.4.2.1.3 Business Challenges
          • 4.2.4.2.1.4 Business Drivers
      • 4.2.4.3 Mexico
        • 4.2.4.3.1 Market
          • 4.2.4.3.1.1 Buyer Attributes
          • 4.2.4.3.1.2 Key Immersion Cooling Providers in Mexico
          • 4.2.4.3.1.3 Business Challenges
          • 4.2.4.3.1.4 Business Drivers
  • 4.3 Europe
    • 4.3.1 Market
      • 4.3.1.1 Business Challenges
      • 4.3.1.2 Business Drivers
    • 4.3.2 Application
      • 4.3.2.1 Europe Immersion Cooling Market (by Application), $Million, 2021-2027
    • 4.3.3 Product
      • 4.3.3.1 Europe Immersion Cooling Market (by Product), $Million, 2021-2027
    • 4.3.4 Europe (by Country)
      • 4.3.4.1 Germany
        • 4.3.4.1.1 Market
          • 4.3.4.1.1.1 Buyer Attributes
          • 4.3.4.1.1.2 Key Immersion Cooling Providers in Germany
          • 4.3.4.1.1.3 Business Challenges
          • 4.3.4.1.1.4 Business Drivers
      • 4.3.4.2 France
        • 4.3.4.2.1 Market
          • 4.3.4.2.1.1 Buyer Attributes
          • 4.3.4.2.1.2 Key Immersion Cooling Providers in France
          • 4.3.4.2.1.3 Business Challenges
          • 4.3.4.2.1.4 Business Drivers
      • 4.3.4.3 Spain
        • 4.3.4.3.1 Market
          • 4.3.4.3.1.1 Buyer Attributes
          • 4.3.4.3.1.2 Key Immersion Cooling Providers in Spain
          • 4.3.4.3.1.3 Business Challenges
          • 4.3.4.3.1.4 Business Drivers
      • 4.3.4.4 Netherlands
        • 4.3.4.4.1 Market
          • 4.3.4.4.1.1 Buyer Attributes
          • 4.3.4.4.1.2 Key Immersion Cooling Providers in the Netherlands
          • 4.3.4.4.1.3 Business Challenges
          • 4.3.4.4.1.4 Business Drivers
      • 4.3.4.5 Rest-of-Europe
        • 4.3.4.5.1 Market
          • 4.3.4.5.1.1 Buyer Attributes
          • 4.3.4.5.1.2 Key Immersion Cooling Providers in Rest-of-Europe
          • 4.3.4.5.1.3 Business Challenges
          • 4.3.4.5.1.4 Business Drivers
  • 4.4 U.K.
    • 4.4.1 Market
      • 4.4.1.1 Buyer Attributes
      • 4.4.1.2 Key Immersion Cooling Providers in the U.K.
      • 4.4.1.3 Business Challenges
      • 4.4.1.4 Business Drivers
    • 4.4.2 Application
      • 4.4.2.1 U.K. Immersion Cooling Market (by Application), $Million, 2021-2027
    • 4.4.3 Product
      • 4.4.3.1 U.K. Immersion Cooling Market (by Product), $Million, 2021-2027
  • 4.5 China
    • 4.5.1 Market
      • 4.5.1.1 Buyer Attributes
      • 4.5.1.2 Key Immersion Cooling Providers in China
      • 4.5.1.3 Business Challenges
      • 4.5.1.4 Business Drivers
    • 4.5.2 Application
      • 4.5.2.1 China Immersion Cooling Market (by Application), $Million, 2021-2027
    • 4.5.3 Product
      • 4.5.3.1 China Immersion Cooling Market (by Product), $Million, 2021-2027
  • 4.6 Asia-Pacific and Japan
    • 4.6.1 Market
      • 4.6.1.1 Business Challenges
      • 4.6.1.2 Business Drivers
    • 4.6.2 Application
      • 4.6.2.1 Asia-Pacific and Japan Immersion Cooling Market (by Application), $Million, 2021-2027
    • 4.6.3 Product
      • 4.6.3.1 Asia-Pacific and Japan Immersion Cooling Market (by Product), $Million, 2021-2027
    • 4.6.4 Asia-Pacific and Japan (by Country)
      • 4.6.4.1 India
        • 4.6.4.1.1 Market
          • 4.6.4.1.1.1 Buyer Attributes
          • 4.6.4.1.1.2 Key Immersion Cooling Providers in India
          • 4.6.4.1.1.3 Business Challenges
          • 4.6.4.1.1.4 Business Drivers
      • 4.6.4.2 Taiwan
        • 4.6.4.2.1 Market
          • 4.6.4.2.1.1 Buyer Attributes
          • 4.6.4.2.1.2 Key Immersion Cooling Providers in Taiwan
          • 4.6.4.2.1.3 Business Challenges
          • 4.6.4.2.1.4 Business Drivers
      • 4.6.4.3 Singapore
        • 4.6.4.3.1 Market
          • 4.6.4.3.1.1 Buyer Attributes
          • 4.6.4.3.1.2 Key Immersion Cooling Providers in Singapore
          • 4.6.4.3.1.3 Business Challenges
          • 4.6.4.3.1.4 Business Drivers
      • 4.6.4.4 Japan
        • 4.6.4.4.1 Market
          • 4.6.4.4.1.1 Buyer Attributes
          • 4.6.4.4.1.2 Key Immersion Cooling Providers in Japan
          • 4.6.4.4.1.3 Business Challenges
          • 4.6.4.4.1.4 Business Drivers
      • 4.6.4.5 Australia
        • 4.6.4.5.1 Market
          • 4.6.4.5.1.1 Buyer Attributes
          • 4.6.4.5.1.2 Key Immersion Cooling Providers in Australia
          • 4.6.4.5.1.3 Business Challenges
          • 4.6.4.5.1.4 Business Drivers
      • 4.6.4.6 Rest-of-Asia-Pacific and Japan
        • 4.6.4.6.1 Market
          • 4.6.4.6.1.1 Buyer Attributes
          • 4.6.4.6.1.2 Key Immersion Cooling Providers in Rest-of-Asia-Pacific and Japan
          • 4.6.4.6.1.3 Business Challenges
          • 4.6.4.6.1.4 Business Drivers
  • 4.7 Rest-of-the-World
    • 4.7.1 Market
      • 4.7.1.1 Buyer Attributes
      • 4.7.1.2 Business Challenges
      • 4.7.1.3 Business Drivers
    • 4.7.2 Application
      • 4.7.2.1 Rest-of-the-World Immersion Cooling Market (by Application), $Million, 2021-2027
    • 4.7.3 Product
      • 4.7.3.1 Rest-of-the-World Immersion Cooling Market (by Product), $Million, 2021-2027
    • 4.7.4 Rest-of-the-World (by Country)
      • 4.7.4.1 Middle East and Africa
        • 4.7.4.1.1 Market
          • 4.7.4.1.1.1 Buyer Attributes
          • 4.7.4.1.1.2 Key Immersion Cooling Providers in Middle East and Africa
          • 4.7.4.1.1.3 Business Challenges
          • 4.7.4.1.1.4 Business Drivers
      • 4.7.4.2 South America
        • 4.7.4.2.1 Market
          • 4.7.4.2.1.1 Buyer Attributes
          • 4.7.4.2.1.2 Key Immersion Cooling Providers in South America
          • 4.7.4.2.1.3 Business Challenges
          • 4.7.4.2.1.4 Business Drivers

5 List of Key Companies

6 Research Methodology

  • 6.1 Data Sources
    • 6.1.1 Primary Data Sources
    • 6.1.2 Secondary Data Sources
    • 6.1.3 Data Triangulation
  • 6.2 Market Estimation and Forecast
    • 6.2.1 Factors for Data Prediction and Modelling
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Product Code: MS01198SA

List of Figures

  • Figure 1: Global Immersion Cooling Market, $Million, 2021-2027
  • Figure 2: Market Drivers and Challenges in the Global Immersion Cooling Market
  • Figure 3: Global Immersion Cooling Market (by Technology), $Million, 2021-2027
  • Figure 4: Global Immersion Cooling Market (by Application), $Million, 2021-2027
  • Figure 5: Global Immersion Cooling Market (by Region), $Million, 2021
  • Figure 6: Immersion Cooling Market Coverage
  • Figure 7: Monthly Expenditures by Data Centers on Cooling Servers
  • Figure 8: Key Performance Indicators for Data Centers
  • Figure 9: Power Usage Efficiency Comparison
  • Figure 10: Requirements for Retrofitting a Data Center
  • Figure 11: Water Consumption by Leading Cloud Service Providers
  • Figure 12: Share of Key Market Strategies and Developments, 2019-2022
  • Figure 13: Product Development and Innovation (by Company), 2019-2022
  • Figure 14: Business Expansion (by Company), 2019-2022
  • Figure 15: Partnerships, Collaborations, and Joint Ventures (by Company), 2019-2022
  • Figure 16: Estimated World Population and Number of Smart Devices Connected to the Internet, 2022-2025
  • Figure 17: Number of Cryptocurrencies Worldwide, 2013-2022
  • Figure 18: Single-Phase Immersion Cooling System Diagram
  • Figure 19: Two-Phase Immersion Cooling System Diagram
  • Figure 20: Year-Wise Patents Filed or Granted for Data Center Liquid Cooling January 2017-April 2022
  • Figure 21: Patents by Patent Objective 2017- April 2022
  • Figure 22: Patent Analysis, (by Patent Office), January 2017-April 2022
  • Figure 23: Patent Analysis, (by Organization), January 2017-April 2022
  • Figure 24: Patent Analysis, (by Organization), January 2017-April 2022
  • Figure 25: Internet Penetration Rate, (by Region), 2021
  • Figure 26: Number of Data Centers, January 2022
  • Figure 27: Data Triangulation
  • Figure 28: Top-Down and Bottom-Up Approach
  • Figure 29: Assumptions and Limitations

List of Tables

  • Table 1: Data Center Retrofitting Project Lifecycle Stages
  • Table 2: Cost Comparison and Payback Periods of Different Cooling Methods, $, April 2022
  • Table 3: Key Start-ups and their Role in the Global Immersion Cooling Market
  • Table 4: Recent Developments in Major Smart Cities Globally
  • Table 5: Recent Developments by Leading Companies Toward Data Center Cooling, 2019-2022
  • Table 6: Global Immersion Cooling Market (by Application), $Million, 2021-2027
  • Table 7: Comparison between Hydrocarbon Cooling Liquid and Fluorocarbon Cooling Liquid
  • Table 8: Comparison between Single-Phase and Two-Phase Immersion Cooling Systems
  • Table 9: Global Immersion Cooling Market (by Technology), $Million, 2021 -2027
  • Table 10: Immersion Cooling Market (by Region), $Million, 2021-2027
  • Table 11: North America Immersion Cooling Market (by Application), $Million, 2021-2027
  • Table 12: North America Immersion Cooling Market (by Technology), $Million, 2021-2027
  • Table 13: North America Immersion Cooling Market (by Country), $Million, 2021-2027
  • Table 14: Europe Immersion Cooling Market (by Application), $Million, 2021-2027
  • Table 15: Europe Immersion Cooling Market (by Technology), $Million, 2021-2027
  • Table 16: Europe Immersion Cooling Market (by Country), $Million, 2021-2027
  • Table 17: U.K. Immersion Cooling Market (by Application), $Million, 2021-2027
  • Table 18: U.K. Immersion Cooling Market (by Technology), $Million, 2021-2027
  • Table 19: China Immersion Cooling Market (by Application), $Million, 2021-2027
  • Table 20: China Immersion Cooling Market (by Technology), $Million, 2021-2027
  • Table 21: Asia-Pacific and Japan Immersion Cooling Market (by Application), $Million, 2021-2027
  • Table 22: Asia-Pacific and Japan Immersion Cooling Market (by Technology), $Million, 2021-2027
  • Table 23: Asia-Pacific and Japan Immersion Cooling Market (by Country), $Million, 2021-2027
  • Table 24: Rest-of-the-World Immersion Cooling Market (by Application), $Million, 2021-2027
  • Table 25: Rest-of-the-World Immersion Cooling Market (by Technology), $Million, 2021-2027
  • Table 26: Rest-of-the-World Immersion Cooling Market (by Country), $Million, 2021-2027
  • Table 27: Key Companies and their Products in the Global Immersion Cooling Market
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