According to the new market research report “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″, 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. The increasing server rack density and growing need for eco-friendly and cost-effective data center cooling solutions is expected to drive the immersion cooling market during the forecast period.
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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 IT use cases including harsh edge computing environments, and pressure to reduce energy consumption in data center cooling is expected to drive the immersion cooling market over the next few years.
Changing IT equipment technology has always driven the development of new infrastructure solutions. Although liquid cooling has been deployed for several years in mainframes and High Performance Computing (HPC), the emergence of the present technologies, such as cloud, IoT, AI, cryptocurrency mining, and edge applications are once again resulting in IT technology changes, which is enforcing a renewed look at liquid cooling, specifically, immersion cooling and the development of new technologies. 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.
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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. The increasing server rack density & chip density, new IT use cases, such as harsh edge computing environments, and pressure to reduce energy consumption in data center cooling is expected to drive the immersion cooling market.
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.
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In line with the rising demand for immersion cooling technology, in June 2019 DCX – Liquid Cooling Company launched an immersion liquid cooling system for cryptocurrency mining operators. It is a reliable and affordable liquid cooling solution providing energy savings, unparalleled hash rate increase and complete noise, dust, and fire protection. This will help strengthen the company’s product portfolio. In April 2019, the company received the European Union (EU) funded Technical Bridge Grant aimed at the expansion of products and services into the Chinese market. This grant is managed by Polish Investments & Trade Agency which supports both, the foreign development of Polish business and the inflow of Foreign Direct Investment (FDI) into Poland. This is expected to help the company grow in the Asia Pacific market.
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.
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