The Global Data Center Liquid Immersion Cooling Market was valued at US$ 264 Million in terms of value by the end of 2022.
The global data center liquid immersion cooling market refers to the market for technologies and solutions that enable the cooling of data center infrastructure using liquid immersion techniques. This involves the use of specially formulated coolants or oils that are designed to remove heat from computer chips and other electronic components by directly immersing them in the cooling liquid. This technique is gaining popularity as a more efficient and cost-effective alternative to traditional air-based cooling methods, particularly for high-density computing applications that generate significant amounts of heat.
The market for data center liquid immersion cooling solutions includes a range of hardware and software components, such as cooling systems, heat exchangers, pumps, sensors, and monitoring and management tools. It also encompasses various service offerings, such as consulting, installation, maintenance, and support services. The market is driven by factors such as the increasing demand for high-performance computing, the need for more energy-efficient data centers, and the growing awareness of the environmental impact of traditional cooling methods. The market is expected to grow significantly in the coming years, driven by the increasing adoption of cloud computing and the growing need for data processing and storage capacity.
Global Data Center Liquid Immersion Cooling Market – Drivers
Growing energy efficiency in cooling techniques:
Conventional air-based cooling techniques can be costly and ineffective, requiring a significant amount of energy. For data center operators looking to lower their energy footprint, liquid immersion cooling is a viable option because it can cut cooling costs and energy consumption by a significant amount.
Rise in Computing Equipment Density:
A rise in computing equipment density can be attributed to the smaller and more potent size and power of computing devices as well as the increasing density of data centers. Because of this, conventional air-based cooling techniques are less efficient because more heat is produced in a smaller area. By offering a more effective and efficient way to cool high-density computing equipment, liquid immersion cooling can help to address this problem.
Increasing Environmental issues:
Data center operators are becoming increasingly concerned about the environmental effects of conventional cooling techniques, such as air-based cooling. By lowering energy use and carbon emissions, liquid immersion cooling can help data centers have a smaller negative impact on the environment.
The need for more data center capacity is being driven by the rising demand for cloud computing services. Data center managers can increase capacity with liquid immersion cooling while using less energy or paying less for cooling.
Global Data Center Liquid Immersion Cooling Market – Opportunities
Global Data Center Liquid Immersion Cooling Market Introduction
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Global Data Center Liquid Immersion Cooling Market , By Liquid Cooling Solutions Type Single-phase Immersion Cooling System and Two-phase Immersion Cooling System; By Data Center Size: Small and Mid-Size Data Centers, Large Data Centers; By Industries: Banking, Financial Services, and Insurance, IT and Telecom, Healthcare, Research and academics, Manufacturing, Others and By Geography (North America, Europe, Latin America, Asia pacific, Middle east and Africa) as published by coherent market insights.
Adoption by Hyper scale Data Centers:
Hyper scale data centers, which are typically large-scale facilities that house thousands of servers, are a key target market for liquid immersion cooling technology. With the growing demand for high-performance computing and the need to reduce energy consumption, hyper scale data centers are expected to adopt liquid immersion cooling technology in the coming years. for instance, in May 2022, NTT Ltd., multinational information technology (IT) service and consulting company in India has announced the opening of its new hyperscale data centre campus in Navi Mumbai, beginning with the NAV1A data centre.
Expansion in Emerging Economies:
As digital adoption increases in emerging economies, there is a growing need for data centers and associated technologies such as liquid immersion cooling. This presents a significant opportunity for vendors to expand their operations in these regions and tap into the growing demand.
Partnership with Cloud Service Providers:
With the growing adoption of cloud-based services, there is a need for data centers to scale up their operations quickly and efficiently. Liquid immersion cooling technology can help data centers meet these demands by providing the necessary cooling for high-density computing equipment. This presents an opportunity for vendors to partner with cloud service providers and provide them with the necessary infrastructure to support their operations. For instance, An agreement for a strategic alliance between CoolIT Systems Inc. and nVent Electric plc, a leader in electrical connection and protection solutions, was announced. , a pioneer in modular, scalable liquid cooling technology for data centers. Customers will have comprehensive and dependable high-density liquid cooled enclosure protection solutions thanks to the integration of products from the CoolIT and nVent HOFFMAN and SCHROFF brands.
Global Data Center Liquid Immersion Cooling Market - Restraints
High initial investment and maintenance cost of these systems is expected to be among the major factors that will continue to hamper the overall industry growth over the next few years.
One of the major impediments to the growth of the immersion cooling market is the need for additional and specialized infrastructure, as well as a lack of recognition from various end users, while high investments in existing infrastructure are expected over the forecast period.
This immersion cooling market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
Global Data Center Liquid Immersion Cooling Market – Trends
Emergence of Advanced Cooling Solutions:
Liquid immersion cooling technology is evolving rapidly, and new solutions are being developed that are more efficient and cost-effective. For example, some companies are developing solutions that use a two-phase immersion cooling process, which can provide even greater cooling efficiency than traditional liquid immersion cooling. Fujitsu, Japanese multinational information and communications technology equipment and services corporation today announced that it will begin sales of its Fujitsu Server PRIMERGY Liquid Immersion Cooling System in Japan today, with a global rollout to follow. This product is a cooling system designed to efficiently cool the entire IT devices equally by immersing it in cooling fluid.
Adoption of Edge Computing:
With the growing adoption of edge computing, there is a need for more efficient and cost-effective cooling solutions. Liquid immersion cooling technology can help provide the necessary cooling for edge computing equipment, which is typically located in smaller, remote data centers. for instance, GRC (Green Revolution Cooling), the leader in immersion cooling for data centers, today announced the launch of its Immersion Cooling Pilot Program, a “Try Before You Buy” offering that allows data center owners and operators to deploy an ICEraQ® Series 10 immersion cooling system on a trial basis.
Global Data Center Liquid Immersion Cooling Market- Impact of Coronavirus (Covid-19) Pandemic
Global Data Center Liquid Immersion Cooling Market was impacted by the ongoing COVID-19 outbreak and trade restrictions. However, the reopening of country borders is expected to resolve imposed transport and logistical issues due to stringent regulations regarding the transportation of raw materials.
During the ongoing COVID-19 outbreak, there were restrictions on international trade that prevented workers from entering the refrigerated road transportation market. Strict regulations regarding the transportation of raw materials, and the reopening of national borders are contributing to the resolution of transport and logistical issues.
COVID-19 outbreak had a negligible impact on the global demand for liquid cooling solutions. As the global workforce adopted remote working practices, data centers operated under high loads and hence the demand for liquid cooling solutions also increased during this period.
Global Data Center Liquid Immersion Cooling Market: Competitive Landscape
The global data center liquid immersion cooling market is extremely competitive, with the presence of numerous leading players. Many of these players are expected to hold a large share in overall market, in the coming years.
Research and development activities could be key, revenue-generating growth strategy for leading players in overall market, in the years ahead.
Other strategies such as signing of collaborative agreements with smaller players could assist prominent data center liquid immersion cooling market players in expanding their presence in global market and improving their revenue shares.
Few leading players in global market include Green Revolution Cooling Inc., Midas Green Technologies, Schneider Electric, Liquid Stack, and Alfa Laval AB.
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Global Data Center Liquid Immersion Cooling Market was valued at US$ 264 Million in 2022 and is estimated to reach US$ 1,692 Million by 2030 exhibiting a CAGR of 26.1% between 2023 and 2030.
Global Data Center Liquid Immersion Cooling Market - Recent Developments
In March 2021, Carrier Transicold, a global force in transport refrigeration and air-conditioning, will accelerate and enhance its electrification capabilities through a new strategic agreement with Portuguese Technology Company AddVolt open_in_new. The partnership allows Carrier to use AddVolt's proven, engine-agnostic technology to build novel sustainable transport refrigeration solutions for customers across Europe.
On August 2022, Locomotion (an autonomous trucking startup) and Stevens Trucking (a temperature-controlled trucking company) signed an eight-year deal to optimize autonomous vehicle routes near Oklahoma, U.S. Stevens intends to deploy up to 500 vehicles outfitted with Autonomous Relay Convoy (ARC) devices from Locomotion.