Market by Verticals, End-user, and Regional Outlook | Forecast 2022-2028
Immersion cooling
involves submerging IT hardware (servers, GPUs, CPUs, etc.) in a dielectric
liquid. The heat created by the electrical components is transmitted to the
fluid in a direct and efficient manner. This eliminates the requirement for
typical cooling components, such as fans, heat sinks, interface materials,
sheet metal, shrouds, and other components.
According to Triton
Market Research’s report, the Global Immersion
Cooling in Data Centers Market is likely to grow with a CAGR of 16.24% in the forecast period 2022-2028. The market was valued at $320.40 million in 2021 and is expected
to reach a revenue of $823.77 million by
2028.
Click here to check out our blog on the Global Immersion Cooling in Data Centers Market
MARKET PERFORMANCE – DRIVERS, CHALLENGES, AND TRENDS
The market is driven by
several factors, such as the increasing adoption of artificial intelligence and
machine learning, the development of edge computing, and growth in power density & number of data centers. Edge
computing is transforming the realm of data storage and processing. Due to the
growth of edge computing, immersion cooling systems are widely used to sustain
severe workloads in smaller, constrained places, where standard cooling methods
will not be accessible or viable. It also reduces the energy consumption of
these edge deployments and enables deployment at edge sites where high-capacity
power lines are not always available. Because of the numerous advantages that
immersion cooling provides, the development of edge computing increases its
demand in data centers.
On the
other hand, the numerous disadvantages of immersion cooling systems pose a
challenge to the market. Immersion cooling has
inherent drawbacks like any other cooling system. Its usage in data centers
incurs additional expenditures as it involves dielectric fluid, customized
tubs, pumps, piping, heat transfer systems, and the expertise to put it all
together. Furthermore, implementing liquid immersion cooling requires a bigger
data center configuration from the ground up. Further, it becomes critical to
consider liquid maintenance and disposal. As dielectric liquids can be harmful,
disposal is a major concern.
Due to the emergence of
various technologies like IoT, ML/AI, 5G, edge computing, and others, immersion
cooling has surfaced as a viable option for green data centers due to its
numerous advantages.
It aids in the development of green data centers by increasing energy
efficiency and allowing for higher package densities. Immersion cooling allows
for more CPU usage by maintaining temperatures below the thermal limit. It
provides easy serviceability while significantly lowering server room noise.
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KEY GEOGRAPHIES COVERED:
•         North America: United States and Canada
•         Europe:
United Kingdom, France, Germany, Netherlands, Nordic Countries, Ireland, and
Rest of Europe
•         Asia-Pacific:
China, Japan, India, Singapore, Malaysia, Australia & New Zealand, and Rest
of Asia-Pacific
•         Latin America: Brazil, Mexico, and Rest of Latin America
•    Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa, Morocco,
Kenya, and Rest of Middle East & Africa
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SEGMENTATION ANALYSIS – IMMERSION COOLING IN DATA CENTERS MARKET:
•        Market by
Product Type:
o       Single-phase
Immersion Cooling System
o       Two-phase Immersion Cooling System
A single-phase immersion
cooling system leads the market in terms of revenue. Single-phase immersion
cooling uses a heat-exchanging technology and a dielectric liquid circulation
mechanism to cool heated electronic components. Single-phase immersion cooling
systems are more cost-effective upfront, easier to operate, and require less
maintenance. Companies such as GRC (Green Revolution Cooling), Submer, and Asperitas
offer single-phase immersion cooling systems.
•        Market by
Verticals:
o       IT and Telecom
o       BFSI (Banking, Financial Services & Insurance)
o       Government & Public Sector
o       Healthcare
o       Manufacturing
o       Retail
o       Other Verticals
BFSI stands for Banking,
Financial Services, and Insurance, and this segment is expected to grow the
fastest in terms of CAGR over the forecast period. Commercial
banks, insurance firms, non-banking financial companies, pension fund firms, mutual
fund companies, cooperatives, and other smaller financial institutions are all a
part of the BFSI industry. Immersion cooling systems are largely used in the
data centers of this industry.
•        Market by
End-user:
o       Hyperscale Data Centers
o       Enterprise Data Centers
o       Colocation Data Centers
o       Other End-users
Hyperscale
data centers is estimated to progress with the highest CAGR during the forecast
period. These are huge business-critical facilities
designed to handle scalable and robust applications. Hyperscale data centers
are substantially bigger than enterprise data centers, and outperform the
latter greatly due to economies of scale and bespoke engineering. Immersion
cooling systems are used in these data centers to increase performance and
decrease costs.
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COMPETITIVE LANDSCAPE:
The competitive
landscape helps dive into data about the key players in the ground support
equipment market. The strategic initiatives for each of the companies
considered have been covered in detail.
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Partnership (August 2021): Submer and Intel Corporation
Submer and Intel
collaborated on a solution to help expedite industry standards for immersion
cooling adoption.
Product Launch (November 2021): LiquidStack
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Key Benefits of the Report:
·      Triton Market Research has a
collective experience of 25-30 years in the industry, with its analysts and
experts encompassing the most infallible research methodology for its market
intelligence and industry analysis.
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·     Â
Our research methodology helps
in achieving a broader consensus of the market size, shape, and industry trends
within each industry segment.
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·    The strategy adopted in
designing the research methodology includes the amalgamation of the information
assembled from primary and secondary sources, with the assistance of analytical
tools to construct the forecast and predictive models.
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·      The scope of the market report
comprises the current scenario of the global immersion cooling in data centers
market, along with the detailed overview of the industry outlook, market
dynamics, segmentation analysis, regional outlook, and competitive landscape
for the period 2022-2028.
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FAQs:
Q 1) Which is the fastest-growing product type in immersion
cooling in data centers market?
A two-phase immersion
cooling system is the fastest-growing product type in immersion cooling in data
centers market.
Q 2) What is immersion cooling in data centers’ market
size?
The global immersion
cooling in data centers market size is projected to grow from $320.40 million
in 2021 to $823.77 million by 2028, at a compound annual growth rate (CAGR) of
16.24% during the forecast period 2022-2028.
Q 3) What are the benefits of immersion cooling in data
centers?
Immersion cooling
offers many benefits, such as better performance, reliability of data centers, and
increased thermal efficiency (i.e., lower PUE).
Market by Security Testing Typ ..
VIEW REPORT1. GLOBAL
IMMERSION COOLING IN DATA CENTERS MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE IMMERSION COOLING IN DATA CENTERS INDUSTRY
2.2. KEY
INSIGHTS
2.2.1. RISING
COMPANY COLLABORATIONS FOR SUSTAINABLE SOLUTIONS
2.2.2. GREEN
DATA CENTERS ARE LUCRATIVE FOR IMMERSION COOLING
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. PRODUCT
LAUNCHES & DEVELOPMENTS
2.6.2. PARTNERSHIPS
& AGREEMENTS
2.7. MARKET
DRIVERS
2.7.1. INCREASING
ADOPTION OF ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING
2.7.2. GROWTH
IN POWER DENSITY AND NUMBER OF DATA CENTERS
2.7.3. DEVELOPMENT
OF EDGE COMPUTING
2.8. MARKET
CHALLENGES
2.8.1. MULTIPLE
DISADVANTAGES ASSOCIATED WITH IMMERSION COOLING SYSTEMS
2.9. MARKET
OPPORTUNITIES
2.9.1. NEED
FOR INCREASED SERVER SPEEDS
2.9.2. EFFORTS
TO MINIMIZE CARBON FOOTPRINT
3. GLOBAL
IMMERSION COOLING IN DATA CENTERS MARKET OUTLOOK – BY PRODUCT TYPE
3.1. SINGLE-PHASE
IMMERSION COOLING SYSTEM
3.2. TWO-PHASE
IMMERSION COOLING SYSTEM
4. GLOBAL
IMMERSION COOLING IN DATA CENTERS MARKET OUTLOOK – BY VERTICALS
4.1. IT
& TELECOM
4.2. BFSI
(BANKING, FINANCIAL SERVICES & INSURANCE)
4.3. GOVERNMENT
& PUBLIC SECTOR
4.4. HEALTHCARE
4.5. MANUFACTURING
4.6. RETAIL
4.7. OTHER
VERTICALS
5. GLOBAL
IMMERSION COOLING IN DATA CENTERS MARKET OUTLOOK – BY END-USER
5.1. HYPERSCALE
DATA CENTERS
5.2. ENTERPRISE
DATA CENTERS
5.3. COLOCATION
DATA CENTERS
5.4. OTHER
END-USERS
6. GLOBAL
IMMERSION COOLING IN DATA CENTERS MARKET – REGIONAL OUTLOOK
6.1. NORTH
AMERICA
6.1.1. MARKET
BY PRODUCT TYPE
6.1.2. MARKET
BY VERTICALS
6.1.3. MARKET
BY END-USER
6.1.4. COUNTRY
ANALYSIS
6.1.4.1. UNITED
STATES
6.1.4.2. CANADA
6.2. EUROPE
6.2.1. MARKET
BY PRODUCT TYPE
6.2.2. MARKET
BY VERTICALS
6.2.3. MARKET
BY END-USER
6.2.4. COUNTRY
ANALYSIS
6.2.4.1. UNITED
KINGDOM
6.2.4.2. GERMANY
6.2.4.3. FRANCE
6.2.4.4. NETHERLANDS
6.2.4.5. NORDIC
6.2.4.6. IRELAND
6.2.4.7. REST
OF EUROPE
6.3. ASIA-PACIFIC
6.3.1. MARKET
BY PRODUCT TYPE
6.3.2. MARKET
BY VERTICALS
6.3.3. MARKET
BY END-USER
6.3.4. COUNTRY
ANALYSIS
6.3.4.1. CHINA
6.3.4.2. JAPAN
6.3.4.3. INDIA
6.3.4.4. SINGAPORE
6.3.4.5. MALAYSIA
6.3.4.6. AUSTRALIA
& NEW ZEALAND
6.3.4.7. REST
OF ASIA-PACIFIC
6.4. LATIN
AMERICA
6.4.1. MARKET
BY PRODUCT TYPE
6.4.2. MARKET
BY VERTICALS
6.4.3. MARKET
BY END-USER
6.4.4. COUNTRY
ANALYSIS
6.4.4.1. BRAZIL
6.4.4.2. MEXICO
6.4.4.3. REST
OF LATIN AMERICA
6.5. MIDDLE
EAST AND AFRICA
6.5.1. MARKET
BY PRODUCT TYPE
6.5.2. MARKET
BY VERTICALS
6.5.3. MARKET
BY END-USER
6.5.4. COUNTRY
ANALYSIS
6.5.4.1. UNITED
ARAB EMIRATES
6.5.4.2. SAUDI
ARABIA
6.5.4.3. TURKEY
6.5.4.4. SOUTH
AFRICA
6.5.4.5. MOROCCO
6.5.4.6. KENYA
6.5.4.7. REST
OF MIDDLE EAST & AFRICA
7. COMPETITIVE
LANDSCAPE
7.1. ASPERITAS
7.2. DCX
THE LIQUID COOLING COMPANY
7.3. DUG
TECHNOLOGY
7.4. EXASCALAR
INC
7.5. FUJITSU
7.6. GRC
GREEN REVOLUTION COOLING
7.7. ICEOTOPE
TECHNOLOGIES LIMITED
7.8. LIQUIDCOOL
SOLUTIONS
7.9. LIQUIDSTACK
7.10. MIDAS
IMMERSION COOLING
7.11. SCHNEIDER
ELECTRIC
7.12. STULZ
GMBH
7.13. SUBMER
7.14. USYSTEMS
LIMITED
7.15. VERTIV
GROUP CORPORATION
7.16. WIWYNN
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: GLOBAL IMMERSION
COOLING IN DATA CENTERS MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: GLOBAL IMMERSION
COOLING IN DATA CENTERS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE 4: GLOBAL IMMERSION
COOLING IN DATA CENTERS MARKET, BY VERTICALS, 2022-2028 (IN $ MILLION)
TABLE 5: GLOBAL IMMERSION
COOLING IN DATA CENTERS MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 6: GLOBAL IMMERSION
COOLING IN DATA CENTERS MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA
IMMERSION COOLING IN DATA CENTERS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
TABLE 8: NORTH AMERICA
IMMERSION COOLING IN DATA CENTERS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $
MILLION)
TABLE 9: NORTH AMERICA
IMMERSION COOLING IN DATA CENTERS MARKET, BY VERTICALS, 2022-2028 (IN $
MILLION)
TABLE 10: NORTH AMERICA
IMMERSION COOLING IN DATA CENTERS MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 11: EUROPE IMMERSION
COOLING IN DATA CENTERS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 12: EUROPE IMMERSION
COOLING IN DATA CENTERS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE 13: EUROPE IMMERSION
COOLING IN DATA CENTERS MARKET, BY VERTICALS, 2022-2028 (IN $ MILLION)
TABLE 14: EUROPE IMMERSION
COOLING IN DATA CENTERS MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC
IMMERSION COOLING IN DATA CENTERS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
TABLE 16: ASIA-PACIFIC
IMMERSION COOLING IN DATA CENTERS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $
MILLION)
TABLE 17: ASIA-PACIFIC
IMMERSION COOLING IN DATA CENTERS MARKET, BY VERTICALS, 2022-2028 (IN $
MILLION)
TABLE 18: ASIA-PACIFIC
IMMERSION COOLING IN DATA CENTERS MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 19: LATIN AMERICA
IMMERSION COOLING IN DATA CENTERS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
TABLE 20: LATIN AMERICA
IMMERSION COOLING IN DATA CENTERS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $
MILLION)
TABLE 21: LATIN AMERICA
IMMERSION COOLING IN DATA CENTERS MARKET, BY VERTICALS, 2022-2028 (IN $
MILLION)
TABLE 22: LATIN AMERICA
IMMERSION COOLING IN DATA CENTERS MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 23: MIDDLE EAST AND
AFRICA IMMERSION COOLING IN DATA CENTERS MARKET, BY COUNTRY OUTLOOK, 2022-2028
(IN $ MILLION)
TABLE 24: MIDDLE EAST AND
AFRICA IMMERSION COOLING IN DATA CENTERS MARKET, BY PRODUCT TYPE, 2022-2028 (IN
$ MILLION)
TABLE 25: MIDDLE EAST AND
AFRICA IMMERSION COOLING IN DATA CENTERS MARKET, BY VERTICALS, 2022-2028 (IN $
MILLION)
TABLE 26: MIDDLE EAST AND
AFRICA IMMERSION COOLING IN DATA CENTERS MARKET, BY END-USER, 2022-2028 (IN $
MILLION)
FIGURE
1: MARKET ATTRACTIVENESS INDEX
FIGURE
2: AVERAGE POWER DENSITY PER RACK OF DATA CENTERS
FIGURE
3: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY PRODUCT TYPE, 2021 &
2028 (IN %)
FIGURE
4: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY SINGLE-PHASE IMMERSION
COOLING SYSTEM, 2022-2028 (IN $ MILLION)
FIGURE
5: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY TWO-PHASE IMMERSION
COOLING SYSTEM, 2022-2028 (IN $ MILLION)
FIGURE
6: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY VERTICAL, 2021 &
2028 (IN %)
FIGURE
7: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY IT & TELECOM,
2022-2028 (IN $ MILLION)
FIGURE
8: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY BFSI (BANKING, FINANCIAL
SERVICES & INSURANCE), 2022-2028 (IN $ MILLION)
FIGURE
9: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY GOVERNMENT & PUBLIC
SECTOR, 2022-2028 (IN $ MILLION)
FIGURE
10: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY HEALTHCARE, 2022-2028
(IN $ MILLION)
FIGURE
11: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY MANUFACTURING,
2022-2028 (IN $ MILLION)
FIGURE
12: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY RETAIL, 2022-2028 (IN $
MILLION)
FIGURE
13: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY OTHER VERTICALS,
2022-2028 (IN $ MILLION)
FIGURE
14: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY END-USER, 2021 &
2028 (IN %)
FIGURE
15: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY HYPERSCALE DATA
CENTERS, 2022-2028 (IN $ MILLION)
FIGURE
16: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY ENTERPRISE DATA
CENTERS, 2022-2028 (IN $ MILLION)
FIGURE
17: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY COLOCATION DATA
CENTERS, 2022-2028 (IN $ MILLION)
FIGURE
18: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, BY OTHER END-USERS,
2022-2028 (IN $ MILLION)
FIGURE
19: GLOBAL IMMERSION COOLING IN DATA CENTERS MARKET, REGIONAL OUTLOOK, 2021
& 2028 (IN %)
FIGURE
20: UNITED STATES IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $
MILLION)
FIGURE
21: CANADA IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
22: UNITED KINGDOM IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
23: GERMANY IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
24: FRANCE IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
25: NETHERLANDS IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $
MILLION)
FIGURE
26: NORDIC IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
27: IRELAND IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
28: REST OF EUROPE IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $
MILLION)
FIGURE
29: CHINA IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
30: JAPAN IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
31: INDIA IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
32: SINGAPORE IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
33: MALAYSIA IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
34: AUSTRALIA & NEW ZEALAND IMMERSION COOLING IN DATA CENTERS MARKET
2022-2028 (IN $ MILLION)
FIGURE
35: REST OF ASIA-PACIFIC IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN
$ MILLION)
FIGURE
36: BRAZIL IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
37: MEXICO IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
38: REST OF LATIN AMERICA IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028
(IN $ MILLION)
FIGURE
39: UNITED ARAB EMIRATES IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN
$ MILLION)
FIGURE
40: SAUDI ARABIA IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $
MILLION)
FIGURE
41: TURKEY IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
42: SOUTH AFRICA IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $
MILLION)
FIGURE
43: MOROCCO IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
44: KENYA IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028 (IN $ MILLION)
FIGURE
45: REST OF MIDDLE EAST & AFRICA IMMERSION COOLING IN DATA CENTERS MARKET
2022-2028 (IN $ MILLION)