CHICAGO, Jan. 08, 2024 -- The report "Immersion Cooling Fluids Market by Type (Mineral Oil, Fluorocarbon-based Fluids, Synthetic Fluids), End Use (Transformers, Data Centers, EV Batteries, Solar PV), Technology (Single-Phase Cooling, Two-Phase Cooling) & Region - Global Forecast to 2030", is estimated to be USD 1.8 billion in 2023 and is projected to reach USD 3.2 billion by 2030, at a CAGR of 8.2% from 2023 to 2030. Immersion cooling fluids are becoming increasingly in demand due to advancements in technology, energy efficiency concerns, and the growing need for high-performance computer systems. In high-performance computing (HPC) applications, where there is a great demand for processing power, immersion cooling is frequently taken into consideration.

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336 – Tables
55 – Figures
272 – Pages

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Immersion Cooling Market Key Players

Some of the leading players in this market include Nynas AB (Sweden), Ergon, Inc. (US), PetroChina Company Limited (China), APAR Industries (India), and Sinopec Lubricant Company (China), among others.

Nynas AB

Nynas AB is widely recognized for manufacturing and offering industrial lubricants, base oils, and transformer oils, among other high-performance oils. Nynas AB provides services to a range of industries, such as the automotive, industrial, and electrical sectors. In March 2020 Nynas AB launched a new product NYTRO BIO 300X, a 100% renewable transformer oil. NYTRO BIO 300X has properties such as ultra-low viscosity and superior oxidation stability, which helps to provide better cooling.

The mineral oil segment is expected to hold the largest share of the immersion cooling fluids market, during the forecast period.

In certain applications, mineral oil more especially, a highly refined and dielectric variety is frequently used as an immersion cooling fluid, especially for the cooling of electronic components like servers, transformers, and other electrical devices. Mineral oil is classified as a petroleum-based product since it is not biodegradable. Its extensive use and shown efficacy make it a popular choice in various applications, even though it might not be as ecologically friendly as some alternatives.

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The two-phase immersion cooling segment, by technology, is expected to account for the fastest-growing segment during the forecast period.

A number of businesses focus on creating fluids especially made for two-phase immersion cooling. These fluids are frequently special formulas created by engineers to satisfy the particular needs of this cooling technique. The phase transition from liquid to vapor during the chilling process is essential to two-phase immersion cooling. An appropriate temperature range for the fluid's boiling point is necessary to ensure efficient heat absorption and vaporization.

Among end-use transformers is the largest segment in the immersion cooling fluids market.

The transformer segment is expected to lead the immersion cooling fluids market during the forecast period by value. High power requirement results in heat generation in transformers. The cooling fluid needs to work with the many metals, winding materials, and insulating materials that are utilized to build transformers. The guarantee of compatibility prevents the fluid from negatively affecting the transformer's components.

Asia Pacific region is expected to be the largest and fastest-growing immersion cooling fluids market.

As environmental responsibility and sustainability become more important, companies in the Asia-Pacific region will probably look into immersion cooling options for their green projects. Environmentally friendly immersion cooling fluids may experience a rise in demand. To improve immersion cooling methods and fluids, regional and international businesses are making research and development investments. Further developments could result in enhanced efficacy, economic viability, and wider integration of immersion cooling.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 31)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
          TABLE 1 IMMERSION COOLING MARKET, BY TYPE: INCLUSIONS AND EXCLUSIONS
          TABLE 2 IMMERSION COOLING MARKET, BY COOLING FLUID: INCLUSIONS AND EXCLUSIONS
          TABLE 3 IMMERSION COOLING MARKET, BY COMPONENT: INCLUSIONS AND EXCLUSIONS
          TABLE 4 IMMERSION COOLING MARKET, BY APPLICATION: INCLUSIONS AND EXCLUSIONS
          TABLE 5 IMMERSION COOLING MARKET, BY REGION: INCLUSIONS AND EXCLUSIONS
    1.4 MARKET SCOPE 
           1.4.1 IMMERSION COOLING MARKET SEGMENTATION
           1.4.2 REGIONS COVERED
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA 
          FIGURE 1 IMMERSION COOLING MARKET: RESEARCH DESIGN
           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 primary interviews
                    2.1.2.4 Primary participants
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
    2.3 CALCULATION OF BASE MARKET SIZE 
           2.3.1 SUPPLY-SIDE APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)
           2.3.2 DEMAND-SIDE APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2—BOTTOM-UP (DEMAND SIDE)
    2.4 DATA TRIANGULATION 
          FIGURE 6 IMMERSION COOLING MARKET: DATA TRIANGULATION
    2.5 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 
          TABLE 6 FACTOR ANALYSIS
    2.6 ASSUMPTIONS 
    2.7 RISK ASSESSMENT 
          TABLE 7 LIMITATIONS AND ASSOCIATED RISKS
 
3 EXECUTIVE SUMMARY (Page No. - 46)
    FIGURE 7 HIGH-PERFORMANCE COMPUTING TO ACCOUNT FOR LARGEST SHARE OF IMMERSION COOLING MARKET
    FIGURE 8 SYNTHETIC FLUIDS SEGMENT TO DOMINATE IMMERSION COOLING MARKET DURING FORECAST PERIOD
    FIGURE 9 SINGLE-PHASE IMMERSION COOLING SEGMENT TO LEAD IMMERSION COOLING MARKET
    FIGURE 10 SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER SHARE OF OVERALL IMMERSION COOLING MARKET
    FIGURE 11 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF IMMERSION COOLING MARKET
 
4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN IMMERSION COOLING MARKET 
          FIGURE 12 ADOPTION IN CRYPTOCURRENCY MINING AND GROWING SERVER DENSITY DRIVING GROWTH
    4.2 IMMERSION COOLING MARKET, BY REGION
 
Continued...