Immersion Cooling Market is Anticipated to Grow at an Impressive CAGR
According to a research report by Stratview Research, the Immersion cooling market is likely to witness an impressive CAGR of 24% during the forecast period. High-density power consumption, increasing number of hyper-scale data centers, and the need for an effective and energy-efficient immersion cooling solution are likely to drive the growth of the immersion cooling market during the forecast period.
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Segments' Analysis
Based on the application type, the immersion cooling market is segmented as high-performance computing, edge computing, cryptocurrency mining, and others. The high-performance computing segment governed the market in 2019, whereas cryptocurrency mining is estimated to be the fastest-growing segment during the forecast period.
Based on the cooling fluid type, the market is segmented as mineral oil, synthetic oil, and fluorocarbon based, and others. Mineral oil held the largest share of the market in 2019, as it is less costly and is an energy-efficient cooling solution.
In terms of regions, North America is the largest market, whereas Asia-pacific is the fastest-growing market for immersion cooling systems. The high demand is because of its increasing use in high-performance computing, cryptocurrency mining, edge computing, artificial intelligence, and cloud computing.
Leading Players Covered in the Immersion Cooling Market Report:
· Allied Control Ltd
· Asperitas
· DCX The Liquid Cooling Company
· DownUnder GeoSolutions Pty Ltd
· Fujitsu Limited
· Green Revolution Cooling Inc
· Iceotope Technologies Limited
· LiquidCool Solutions
· Midas Green Technologies
· Submer Technologies.
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