The immersion cooling market is projected to grow from USD 302 million in 2022 to USD 1,710 million by 2030, at a CAGR of 24.2% from 2022 to 2030. Immersion cooling solutions is used for cooling data centers and to reduce the cooling energy consumption. This subsequently reduces the overall power consumption by data centers, leading to a low carbon footprint. These advantages are expected to drive the demand for immersion cooling solutions across the world.
Partnership and collaboration are two prominent strategies prevailing in the immersion cooling market. Green Revolution Cooling Inc. (US), Submer Technologies (Spain), LiquidStack (Netherlands) Asperitas (Netherlands), Midas Green Technologies (US), Iceotope Technologies Limited (UK), and LiquidCool Solutions (US) are some of the leading players operating that have adopted these strategies to enhance their position in the market.
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Submer specializes in providing immersion cooling solutions for data centers and a variety of IT infrastructure and related hardwarse. Submer is constantly developing innovative products which are designed to be an effective and easy-to-operate liquid immersion cooling solution. The company’s uses inorganic and organic growth strategies to help cater to larger end-users. This step taken by the company is expected to help the company gain more market share and a superior market position in the immersion cooling market. In June 2021, Submer announced its partnership with ASA Computers. ASA Computers is a leading IT solution provider that has been delivering innovative systems to rack solutions. The agreement was made to provide an alternative solution for the data center industry which decreases energy usage, operating and capital expenses, increases compute density and capacity (Power, Cooling, Space).
Green Revolution Cooling Inc. is a provider of immersion cooling solutions for data center cooling. The company offers solution in which server racks are submerged in synthetic oil-based coolants. Green Revolution Cooling has contantly indulged itself in developing innovative products that are cost-effective and safe to handle. In November 2019, GRC Inc. collaborated with Dell Technologies OEM to integrate its ICEraQ and ICEtank modular liquid-immersion cooling systems with Dell EMC PowerEdge servers and software. This strategic choice makes market position of GRC Inc. strong.
Immersion Cooling Market by Type (Single-Phase and Two-Phase), Application (High-Performance Computing, Edge Computing, Cryptocurrency Mining), Cooling Fluid, Components (Solutions, Services), and Geography - Global Forecast to 2030
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