Global Immersion Cooling Market Size to grow to about USD 3844.6 million by 2028 - Brandessence Market Research

LONDON, Jan. 24, 2023 /PRNewswire/ -- The Global Immersion Cooling Market is anticipated to reach a valuation of USD 3844.6 million by 2028 from USD 248.0 million in 2021, registering a CAGR of 16.2 % over the forecast duration of 2022-2029.

Immersion cooling is the method of reducing heat in hardware by submerging the components in thermally conductive dielectric liquid. This procedure is predominantly used in data centers since it is more efficient than air conditioning. Components such as CPUs, hardware, GPUs, ASICs, drives, and memory, among others are cooled using this process.     

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Global Immersion Cooling Market Outlook (2022-2029)

Increase in the number of data centers, technologically advancements in the field, along with the surging R&D investments are augmenting the outlook of this industry sphere.

Furthermore, growing focus of data centers to reduce their overall operational costs is creating lucrative opportunities for this marketplace to prosper.

Alongside, stringent carbon emission regulations, widespread internet proliferation, and prompt digitalization are adding momentum to the development of this business vertical.

Moreover, surge in the disposable income of the masses, booming IT sector, and emergence of notable players in the field are aiding the expansion of the Global Immersion Cooling Market.

Besides, rising popularity of cryptocurrency mining and blockchain technology is accelerating the growth of this industry.

On the contrary, availability of favourable cooling substitutes and high initial investment costs are hindering the remuneration scope of this industry sphere.

Competitive Hierarchy

The prominent players characterizing the competitive terrain of the Global Immersion Cooling Market are Fujitsu Limited, Dug Technology, Green Revolution Cooling Inc., Submer, Liquid Stack, Midas Green Technologies, Asperitas, DCX- The Liquid Cooling Company, LiquidCool Solutions, ExaScaler Inc.

These aforementioned companies are trying to improve their market position by using various business centric tactics. They are involving in mergers & acquisitions, R&D investments, product launches, collaborations, and partnerships, among others to successfully meet their decided goals and  accrue significant returns.