Global data center liquid immersion cooling market is expected to exhibit CAGR of 37% in the forecast period, according to a new market research report Global Data Center Liquid Immersion Cooling Market Report, By Liquid Cooling Solutions Type (Single Phase Immersion Cooling and Two Phase Immersion Cooling), By Data Center Size (Small and Mid-Size Data Centers, and Large Size Data Centers), By Industries (Banking, Financial Services and Insurance, IT and Telecom, Healthcare, Research and Academic, Energy, Manufacturing, and Others) and by Geography.
Increasing demand for data centers to store large volume of data is one of the key driving factors for growth of the market. Increasing number of companies are investing in data centers to store their data. For instance, in 2017, NTT Communications Corporation, a Japan-based telecommunication company, announced to launch international data network services in India. For this, the company is expected to invest US$ 160 million to setup two data centers in India (Mumbai and Bangalore). Similarly, in January 2018, Apple Inc.—a U.S.-based company— announced investment of over US$ 10 billion on data centers over the next five years in the U.S. Hence, this increasing investment on data centers have become a major driving factor for growth of the data center liquid immersion cooling market, globally.
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