The total revenue of the immersion cooling market was about $259 million in 2021, and it will grow at a mammoth rate of around 25% by the end of this decade, to reach over $1,855 million by 2030. The increase in the count of data centers, producing large amounts of data, and the rapid use of cloud services are the main factors driving the growth of the market.
The single-phase category had a larger share, of approximately 70% revenue in the immersion cooling market in 2021. This is credited to the numerous benefits presented to users by this technique. For example, single-phase immersion cooling systems are energy efficient, simpler to function, lucrative, have low costs of maintenance, and coolant life of 1.5 decades. Consequently, the requirement for these systems in data centers is considerably higher, this is the reason that this category is the market leader.
The immersion cooling market of North America has the largest revenue share, with approximately 40% in 2021. This is credited to the considerable investment in R&D, which is leading to the growth of next-gen facilities that are more competent and technologically innovative regarding power management. There are also numerous developers of data centers, which will have a positive impact on the market growth.
APAC immersion cooling market will grow at the fastest rate, proceeding at a growth rate of above 25%, in the coming years, as a result of the wide acceptance of edge-computing technologies in various nations like the Peoples Republic, Japan, and India. Furthermore, the increasing manufacturing and finance industries will further drive the requirement for data centers, requiring more cooling. Furthermore, advancing blockchain and crypto mining also support the demand for immersion cooling in the region.
There is an increasing number of data centers, and also because of the generation of massive amounts of data, there is a huge need for immersion cooling.
