Immersion Cooling Market

Immersion Cooling Market by Type (Single-Phase and Two-Phase), Application (High Performance Computing, Edge Computing, Cryptocurrency Mining), Cooling Fluid Type (Mineral Oil, Synthetic Oil, Fluorocarbon Based), Geography - Global Forecast to 2024

[155 Pages Report] 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. Increasing server rack density & chip density, new use cases, such as harsh edge computing environments, and pressure to reduce energy consumption during data center cooling is expected to drive the immersion cooling market.

Immersion Cooling Market

Based on application, the cryptocurrency segment is projected to grow at the highest revenue CAGR during the forecast period from 2019 to 2024

Cryptocurrency is a disruptive concept that is an alternative to fiat currency used in the present monetary system. Entrepreneurs, start-ups, as well as large and Small & Medium-sized Enterprises (SMEs), are taking an interest in cryptocurrency and find it a revolutionary concept to counter transactional compliances. Owing to these factors, the ecosystem has attracted extensive venture funding, collaborations, and partnerships among cryptocurrency solution vendors to provide end-to-end solutions. The high potential for growth in countries, such as China, Japan, India, and Germany makes this market highly competitive.

Based on cooling fluid type, the synthetic oils segment of the immersion cooling market is projected to grow at a higher CAGR from 2019 to 2024 in terms of value. Companies such as Green Revolution Cooling Inc. (US), Midas Green Technologies (US), Submer Technologies (Spain), DCX – The Liquid Cooling Company (Poland), Iceotope Technologies Limited (UK), Allied Control Ltd. (Hong Kong), and LiquidCool Solutions (US) are the major users of synthetic oils for their immersion cooling systems. The mineral oil segment is estimated to account for the second-largest share in the immersion cooling market in 2019. The major reason fueling the growth of synthetic oils and hindering the growth of mineral oils is that all industry leaders in the immersion cooling market have moved away from mineral oil to synthetic oil products as they offer the best combination of low cost, material compatibility, and long life.

Based on type, the immersion cooling market has been segmented into single-phase and two-phase

The single-phase type segment is expected to lead the market and is projected to grow at the higher CAGR during the forecast period. The demand for single-phase immersion cooling is expected to continue to rise as it is cheaper to install and is more energy-efficient. Greater awareness of consumers of the trade-offs between single-phase and two-phase immersion is expected to lead to the increasing demand for single immersion cooling during the forecast period.   

Immersion Cooling Market

North America is projected to lead the immersion cooling market during the forecast period, in terms of value

North America is estimated to be the largest market for immersion cooling in 2019. US and Canada are the major consumers of immersion cooling in this region. This high demand is mainly attributed to the growing demand for immersion cooling from application segments, such as high-performance computing, cryptocurrency mining, edge computing, artificial intelligence, and cloud computing, among others. As the chip densities are growing, data centers are facing severe problems related to cooling, and hence, they are adopting immersion cooling as it offers the required solution for high-density data centers.

Key Market Players

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.

Scope of the Report:

Report Metric

Details

Market Size Available for Years

2017–2024

Base Year Considered

2018

Forecast Period

2019–2024

Forecast Units

Value (USD Million)

Segments Covered

Application, Type, Type of Cooling Fluid, and Region

Geographies Covered

North America, Asia Pacific, Europe, Middle East & Africa, and South America

Companies Covered

Fujitsu Limited (Japan), Green Revolution Cooling Inc. (US), Submer Technologies (Spain), Allied Control Ltd. (Hong Kong), Asperitas (Netherlands), Midas Green Technologies (US), Iceotope Technologies Limited (UK), DCX – The Liquid Cooling Company (Poland), LiquidCool Solutions (US), DownUnder GeoSolutions Pty Ltd. (Netherlands), ExaScaler Inc. (Japan), and Horizon Computing Solutions (France)

This research report categorizes the immersion cooling market based on application, type, type of cooling fluid, and region and forecasts revenues as well as analyzes trends in each of these submarkets.

Based on application the immersion cooling market has been segmented into:

  • High Performance Computing
  • Artificial Intelligence
  • Edge Computing
  • Cryptocurrency Mining
  • Others (Cloud Computing, Enterprise Computing)

Based on type, the immersion cooling market has been segmented into:

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

Based on the type of cooling fluid the immersion cooling market has been segmented into:

  • Mineral Oils
  • Synthetic Oils
  • Fluorocarbon-based Fluids
  • Others (Vegetable Oil, Bio-oils, and Deionized Water)

Based on region, the immersion cooling market has been segmented into:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

Recent Developments

  • In October 2018, Asperitas and 2CRSI, a manufacturer of very high-performance servers entered into a partnership for immersed computing to develop new cutting-edge server solutions for immersed computing to be offered to customers with high performance requirements.
  • In July 2017, Iceotope Technologies Limited launched the EdgeStation - a portable edge server designed to withstand challenging environments. EdgeStation cools and protects IT components from harsh working environments, delivering maximum performance with minimum footprint. It is designed to meet the growing demand for the Internet of Things (IoT) and Industry 4.0.

Key Questions Addressed by the Report:

  • How are the developments that were undertaken by various companies expected to affect the immersion cooling market in the mid- to long-term?
  • What are the upcoming industry applications of immersion cooling?
  • What is the impact of changes in government policies on the immersion cooling market?
  • What is the estimated size of the immersion cooling market in 2019?
  • What are the different applications of immersion cooling?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction
    1.1 Objectives of the Study 
    1.2 Market Definition 
    1.3 Market Scope 
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing 
    1.5 Limitations 
    1.6 Stakeholders 

2 Research Methodology
    2.1 Research Data 
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation 
           2.2.1  Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation 
    2.4 Research Assumptions 

3 Executive Summary

4 Premium Insights
    4.1 Attractive Market Opportunities  
    4.2 Immersion Cooling Market, By Type 
    4.3 Immersion Cooling Market, By Application 
    4.4 Immersion Cooling Market, By Region 

5 Market Overview
    5.1 Introduction 
    5.2 Market Segmentation 
    5.3 Market Dynamics 
           5.3.1 Drivers
           5.3.2 Restraints
           5.3.3 Opportunities
           5.3.4 Challenges
    5.4 Porter’s Five Forces Analysis 
           5.4.1 Bargaining Power of Suppliers
           5.4.2 Threat of New Entrants
           5.4.3 Threat of Substitutes
           5.4.4 Bargaining Power of Buyers
           5.4.5 Intensity of Competitive Rivalry

6 Industry Trends
    6.1 Introduction  
    6.2 Pricing Trends  
    6.3 Supply Chain Analysis of Immersion Cooling Market 
    6.4 Economic Indicators 

7 Immersion Cooling Market, By Type 
    7.1 Single-Phase Immersion Cooling 
    7.2 Two-Phase Immersion Cooling 

8 Immersion Cooling Market, By Cooling Fluid 
    8.1 Mineral Oil 
    8.2 Fluorocarbon-Based Inert Fluids 
    8.3 Synthetic Oil 
    8.4 Others (Bio Oils, Vegetable Oils, Deionized Water) 

9 Immersion Cooling Market, By Application 
    9.1 High Performance Computing 
    9.2 Edge Computing 
    9.3 Artificial Intelligence 
    9.4 Cryptocurrency Mining 
    9.5 Others (It Hardware, Cloud Computing, Enterprise Computing) 

10 Immmersion Cooling Market, By Region
     10.1 Introduction 
     10.2 Asia-Pacific  
             10.2.1 China
             10.2.2 India
             10.2.3 Japan
             10.2.4 South Korea
             10.2.5 Thailand
             10.2.6 Malaysia
             10.2.7 Singapore
             10.2.8 Rest of Asia Pacific
     10.3 Europe  
             10.3.1 Germany
             10.3.2 U.K.
             10.3.3 Italy
             10.3.4 France
             10.3.5 Russia
             10.3.7 Spain
             10.3.9 Rest of Europe
     10.4 North America  
             10.4.1 U.S.
             10.4.2 Canada
             10.4.3 Mexico
     10.5 Middle East & Africa  
             10.5.1 Saudi Arabia
             10.5.2 UAE
             10.5.3 Rest of Middle East & Africa
     10.6 South America  
             10.6.1 Brazil
             10.6.2 Argentina
             10.6.3 Rest of South America 

11 Competitive Landscape
     11.1 Overview 
     11.2 Microquadrant Overview 
             11.2.1 Visionaries
             11.2.1 Innovators
             11.2.1 Dynamic Differentiators
             11.2.1 Emerging Companies
     11.3 Market Share Analysis 
     11.4 Competitive Scenario 
             11.4.1 Expansions
             11.4.2 Collaborations
             11.4.3 Acquisitions
             11.4.4 Agreements
             11.4.5 New Product Launches

12 Company Profiles
(Business Overview, Products & Services, Key Insights, Recent Developments, Business Strategy) * 
     12.1 Fujitsu Ltd. 
     12.2 Green Revolution Cooling Inc. 
     12.3 Submer Technologies 
     12.4 Allied Control Ltd. 
     12.5 Asperitas Company 
     12.6 Qcooling LP 
     12.7 Midas Green Technologies 
     12.8 Exascaler Inc. 
     12.9 Horizon Computing Solutions, Inc 
     12.10 DCX – the Liquid Cooling Company 
     12.11 Liqit Company 
     12.12 Liquid Cool Solutions, Inc. 
     12.13 Iceotope Technologies Ltd. 
     12.14 Downunder Geosolutions Pvt. Ltd. 
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, and Business Strategy Might Not Be Captured in Case of Unlisted Companies 

The study involved 4 major activities in estimating the current size of the immersion cooling market. Exhaustive secondary research was undertaken to collect information on the immersion cooling market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the immersion cooling value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the overall size of the market. Thereafter, market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the immersion cooling market.

Secondary Research

As a part of the secondary research process, various secondary sources, such as Hoovers, Bloomberg, BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study on the immersion cooling market. Secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles by recognized authors, authenticated directories, and databases.

Secondary research was mainly conducted to obtain key information about the supply chain of the industry, the monetary chain of the market, the total pool of players, and market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments undertaken from both, market- and technology oriented perspectives.

Primary Research

As a part of the primary research process, various primary sources from both, supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the immersion cooling market. Primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the immersion cooling market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various end-use industries. Following is the breakdown of the primary respondents.

Immersion Cooling Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both, top-down and bottom-up approaches were used to estimate and validate the total size of the immersion cooling market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The supply chain of the industry and the market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures were used, wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The data was triangulated by studying various factors and trends from both, the demand and supply sides. In addition to this, the market size was validated using both, top-down and bottom-up approaches.

Objectives of the Report

  • To define, describe, and forecast the immersion cooling market based on application, type, type of cooling fluid, and region
  • To forecast the size of the market and its segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and South America, along with their respective key countries
  • To provide detailed information regarding major factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments, such as expansions, new product developments, acquisitions, and joint ventures in the immersion cooling market

The following customization options are available for the report:

  • Further breakdown of the Asia Pacific and Europe immersion cooling markets
  • Product matrix, which gives a detailed comparison of the product portfolio of each company
  • Detailed analysis and profiles of additional market players (up to 3)
Report Code
CH 7299
Published ON
Aug, 2019
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