The Immersion Cooling Market is projected to grow from USD 177 million in 2019 to USD 501 million by 2024, at a CAGR of 23.2% from 2019 to 2024.

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Increasing focus on data center energy efficiency and sustainability is also placing increased pressure on the data center industry to develop and adopt efficient cooling infrastructure, such as liquid immersion cooling.

Fujitsu Limited (Japan), Green Revolution Cooling Inc. (US), Submer Technologies (Spain), Allied Control Ltd. (Hong Kong) Asperitas (The Netherlands), Midas Green Technologies (US), Iceotope Technologies Limited (UK), DCX – The Liquid Cooling Company (Poland), LiquidCool Solutions (US), DownUnder GeoSolutions Pty Ltd. (The Netherlands), ExaScaler Inc. (Japan), and Horizon Computing Solutions (France) are some of the leading players operating in the immersion cooling market.

These players have adopted the expansions, new product developments, partnerships, and collaborations strategies to enhance their positions in the market.

Asia Pacific, North America, and Europe are significant regional markets for immersion cooling. The Asia Pacific market is expected to witness the fastest growth between 2019 and 2024. The market in this region is experiencing increasing adoption of immersion cooling in all application segments of the respective market.

The market in China is expected to grow at the highest CAGR during the forecast period due to the increasing adoption of immersion cooling by different application segments, such as high performance computing, cryptocurrency mining, and artificial intelligence, among others.

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Submer Technologies is launching advanced products by providing liquid immersion cooling solutions in Europe and North America. In January 2019, Submer Technologies became a full member of the ETP4HPC, the European Technology Platform for High Performance Computing (HPC). ETP4HPC is an industry-led think-tank composed of European HPC technology stakeholders whose main task is to define research priorities and action plans in the area of HPC technology provision (such as the provision of supercomputing systems). This partnership will enhance the recognition of Submer in the European market.

Reference:

https://www.marketsandmarketsblog.com/global-immersion-cooling-market-industry.html