Immersion Cooling Companies

The immersion cooling market is projected to grow from USD 0.74 billion in 2026 to USD 5.78 billion by 2033, at a CAGR of 31.5% from 2026 to 2033. The primary driver of market growth is rising demand for immersion cooling solutions, which are essential for efficient cooling systems that can manage the escalating heat generation associated with high-performance computing and many other applications.

GRC (US), Submer (Spain), Asperitas (Netherlands), LiquidStack (Trane) (Ireland), and Midas Immersion Cooling (US) are recognized as leaders in the immersion cooling market. These companies are prominent global players, typically characterized by strong financial standing. Their financial strength enables them to capitalize on growth opportunities, remain resilient during economic fluctuations, and invest significantly in research and development.

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GRC (US)

Green Revolution Cooling (GRC) leads in liquid immersion cooling solutions for data centers. Its patented technology significantly enhances performance, promotes sustainability, and optimizes total cost of ownership (TCO) by replacing traditional power-intensive air-cooling systems. The company’s ICEraQ micro-modular systems deliver high efficiency and reduce capital and operational expenditures by up to 50%.

GRC (Spain)

Submer provides immersion cooling solutions for data centers, other IT infrastructure and related hardware. Based in Spain, it is known for developing innovative, effective and easy-to-operate liquid immersion cooling solutions. Submer uses inorganic and organic growth strategies to serve major end users and gain market share in the immersion cooling market. In June 2021, Submer announced a partnership with ASA Computers, a leading IT solution provider that delivers innovative systems-to-rack solutions.

Asperitas (Netherlands)

Asperitas is a high-tech company in the Netherlands specializing in global immersion cooling solutions for sustainable and high-density data centers. The company is known for its AIC24 solution, a self-contained unit designed for high-density CPU and GPU immersion cooling. Asperitas’ immersion cooling technology, called Immersed Computing, utilizes natural convection for high-density data centers, enabling sustainability and high performance.

LiquidStack (Trane) (US)

LiquidStack is a leader in liquid immersion cooling for data centers, telecommunications, and blockchain systems. The company provides innovative and sustainable liquid cooling solutions with high performance, compactness, and energy efficiency. Its immersion cooling technology is designed to overcome the cooling crisis through unmatched heat rejection and efficiency. In September 2023, LiquidStack announced the launch of its new prefabricated modular solutions, MicroModular and MegaModular, which are compact, high-density, and designed for the most rugged environments.

Midas Immersion Cooling (US)

Midas Immersion Cooling, a spin-off of Midas Networks, Inc., delivers eco-friendly, high-efficiency cooling solutions for data centers. The company specializes in single-phase immersion cooling systems that significantly reduce cooling costs by up to 90% while maximizing server density and eliminating the carbon footprint. Its product portfolio includes the Midas XCI series (12U, 50U, and 50C), MIDAS ASICE 2.0 for cryptocurrency applications, and the Midas XCI Containerized Data Center, offering up to 1 MW of compute power per unit. These solutions manage the high heat loads of modern data center hardware. They are ideal for environments ranging from small telecom stations to remote disaster recovery sites. Midas collaborates with top-tier vendors and solution providers to serve a global customer base and ensure seamless deployment and performance optimization.

Market Ranking

In the global immersion cooling market, companies are ranked based on revenue, production capacity, technological innovation, and market presence. Leading players such as GRC (US), Submer (Spain), Asperitas (Netherlands), LiquidStack (Trane) (US), and Midas Immersion Cooling (US) play a crucial role in the global supply chain, accounting for a significant share of total immersion cooling solution production and exports. 

Related Reports:

Immersion Cooling Market By Type (Single Phase, Two Phase), Application (High-performance Computing, Edge Computing, Cryptocurrency Mining), Cooling Fluid, Solutions (Hardware, Services), and Region – Global Forecast to 2033

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