Immersion Cooling Fluids Market: By Cooling Fluid (Mineral Oil, Synthetic Fluids, Fluorocarbon-based Fluids, Others), By Product (Single-phase, Two-phase), By Industry (BFSI, Government, Energy, Manufacturing, Healthcare, IT& Telecommunication, Others) By Application (High-performance Computing, Edge Computing, Cryptocurrency Mining, Artificial Intelligence, Others) and Geography

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Immersion Cooling Fluids Market size was valued at USD 2,189.3 million in 2022 and is poised to grow at a significant CAGR of 8.5% from 2023-2029. Electronic equipment and IT components, such as complete servers and storage devices, are submerged in a thermally conductive but electrically insulating dielectric liquid or coolant during immersion cooling, a thermal management technique frequently employed in IT cooling. Heat is removed from the system by directly contacting the relatively cold liquid with hot components and transferring the heated liquid through excellent heat exchangers. Immersion cooling has recently become a standard method of producing usable heat, especially for bitcoin mining. In a chilly location, one ASIC miner can make ultra-high-efficiency electric heat conversion that is enough to heat an entire house. Based on the cooling fluid, the global immersion cooling fluids market is segmented into Mineral Oil, Synthetic Fluids, Fluorocarbon-based Fluids, and Others.The mineral oil segment is anticipated to grow at a significant CAGR over the forecast years owing to mineral oil is a by-product of refining crude oil to make gasoline and other petroleum products. These mineral oil types are frequently supplied by oil refineries without any additional processing, qualification, or quality control and are mostly made up of alkanes and cycloalkanes. Mineral oil is more effective than conventional air-cooling systems, which facilitates facility design and reduces costs. Since it is clear and oily and has a high boiling point, mineral oil is employed as a single-phase dielectric. 

Immersion Cooling Fluids Market Key Developments:
  • In November 2019 – Asperitas and Green Revolution Cooling collaborated to eliminate the misconceptions about data center immersion cooling. This collaboration educates people about the benefits of high-density applications and enables efficient data center operations. The partnership has developed a new vendor-agnostic website to inform the operators about immersion and technical issues with liquid cooling.

Immersion Cooling Fluids Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.5%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Immersion Cooling Fluids Market Dynamics

As most businesses move their attention from commercial and revenue expansions to sustainable development and the circular economy, nearly every major industry in the world is undergoing tremendous transformations, and many outdated business methods are becoming obsolete. Future projects will use the Environmental, Social, and Governance (ESG) framework, which impacts many business models. This is seen in numerous ESG initiatives around the world. Sustainable data centers have started modernizing their infrastructure, including data center cooling innovations, to reduce water use significantly. They can utilize fewer, longer-lasting batteries because of recent advancements in battery technology. They are also working with regional power providers to develop plans to boost renewable energy usage. This should accelerate the expansion of the market for immersion cooling fluids.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Immersion Cooling Fluids Market Segmentation

By Cooling Fluid
  • Mineral Oil
  • Synthetic Fluids
  • Fluorocarbon-based Fluids
  • Others
By Product
  • Single-phase
  • Two-phase
By Application
  • High-performance Computing
  • Edge Computing
  • Cryptocurrency Mining
  • Artificial Intelligence
  • Others 
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA
LOCATION

Geography

Frequently Asked Questions

The immersion cooling fluids market size was valued at USD 2,189.3 million in 2022

The immersion cooling fluids market key players are: Alfa Laval AB(Sweden) Liquid Stack Inc. (United States) Asetek AS (United States) Asperitas Company(Netherlands) Chilldyne Inc. (Canada) CoolIT Systems Inc. (Canada) Fujitsu Limited (Japan) Mikros Technologies (United States) Kaori Heat Treatment Co. Ltd (Taiwan) Lenovo group Limited (Hong Kong) Liquid Cool Solutions (United States) Midas Green Technologies (United States) Iceotope Technologies Ltd (United Kingdom) USystems Ltd (United Kingdom) Rittal GmbH & Co. KG(Germany) Schneider Electric (France) Submer Technologies (Spain) Vertiv Co. (United States) Wakefield-Vette Inc. (United States) Wiwynn Corporation (Taiwan)

The immersion cooling fluids market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

1. Executive Summary
2. Global Immersion Cooling Fluids Market Introduction 
2.1.Global Immersion Cooling Fluids Market  - Taxonomy
2.2.Global Immersion Cooling Fluids Market  - Definitions
2.2.1.Cooling Fluid 
2.2.2.Product 
2.2.3.Application 
2.2.4.Geography
2.2.5.Region
3. Global Immersion Cooling Fluids Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Immersion Cooling Fluids Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Immersion Cooling Fluids Market  By Cooling Fluid , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Mineral Oil
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Synthetic Fluids
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Fluorocarbon-based Fluids
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Others
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6. Global Immersion Cooling Fluids Market  By Product , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Single-phase
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Two-phase
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7. Global Immersion Cooling Fluids Market  By Application , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. High-performance Computing
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Edge Computing
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Cryptocurrency Mining
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Artificial Intelligence
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Others 
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8. Global Immersion Cooling Fluids Market  By Geography, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. The Asia Pacific
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Latin America
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. MEA
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9. Global Immersion Cooling Fluids Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10. North America Immersion Cooling Fluids Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Cooling Fluid  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Mineral Oil
10.1.2.Synthetic Fluids
10.1.3.Fluorocarbon-based Fluids
10.1.4.Others
10.2.  Product  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Single-phase
10.2.2.Two-phase
10.3.  Application  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.High-performance Computing
10.3.2.Edge Computing
10.3.3.Cryptocurrency Mining
10.3.4.Artificial Intelligence
10.3.5.Others 
10.4.  Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.North America
10.4.2.Europe
10.4.3.The Asia Pacific
10.4.4.Latin America
10.4.5.MEA
10.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11. Europe Immersion Cooling Fluids Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Cooling Fluid  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Mineral Oil
11.1.2.Synthetic Fluids
11.1.3.Fluorocarbon-based Fluids
11.1.4.Others
11.2.  Product  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Single-phase
11.2.2.Two-phase
11.3.  Application  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.High-performance Computing
11.3.2.Edge Computing
11.3.3.Cryptocurrency Mining
11.3.4.Artificial Intelligence
11.3.5.Others 
11.4.  Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.North America
11.4.2.Europe
11.4.3.The Asia Pacific
11.4.4.Latin America
11.4.5.MEA
11.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
11.5.6.Rest of EU
12. Asia Pacific (APAC) Immersion Cooling Fluids Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Cooling Fluid  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Mineral Oil
12.1.2.Synthetic Fluids
12.1.3.Fluorocarbon-based Fluids
12.1.4.Others
12.2.  Product  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Single-phase
12.2.2.Two-phase
12.3.  Application  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.High-performance Computing
12.3.2.Edge Computing
12.3.3.Cryptocurrency Mining
12.3.4.Artificial Intelligence
12.3.5.Others 
12.4.  Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.North America
12.4.2.Europe
12.4.3.The Asia Pacific
12.4.4.Latin America
12.4.5.MEA
12.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13. Middle East and Africa (MEA) Immersion Cooling Fluids Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Cooling Fluid  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Mineral Oil
13.1.2.Synthetic Fluids
13.1.3.Fluorocarbon-based Fluids
13.1.4.Others
13.2.  Product  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Single-phase
13.2.2.Two-phase
13.3.  Application  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.High-performance Computing
13.3.2.Edge Computing
13.3.3.Cryptocurrency Mining
13.3.4.Artificial Intelligence
13.3.5.Others 
13.4.  Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.North America
13.4.2.Europe
13.4.3.The Asia Pacific
13.4.4.Latin America
13.4.5.MEA
13.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14. Latin America Immersion Cooling Fluids Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
14.1. Cooling Fluid  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Mineral Oil
14.1.2.Synthetic Fluids
14.1.3.Fluorocarbon-based Fluids
14.1.4.Others
14.2.  Product  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Single-phase
14.2.2.Two-phase
14.3.  Application  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.High-performance Computing
14.3.2.Edge Computing
14.3.3.Cryptocurrency Mining
14.3.4.Artificial Intelligence
14.3.5.Others 
14.4.  Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.North America
14.4.2.Europe
14.4.3.The Asia Pacific
14.4.4.Latin America
14.4.5.MEA
14.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Alfa Laval AB(Sweden)
15.2.2.Liquid Stack Inc. (United States)
15.2.3.Asetek AS (United States)
15.2.4.Asperitas Company(Netherlands)
15.2.5.Chilldyne Inc. (Canada)
15.2.6.CoolIT Systems Inc. (Canada)
15.2.7.Fujitsu Limited (Japan)
15.2.8.Mikros Technologies (United States)
15.2.9.Kaori Heat Treatment Co. Ltd (Taiwan)
15.2.10.Lenovo group Limited (Hong Kong)
15.2.11.Liquid Cool Solutions (United States)
15.2.12.Midas Green Technologies (United States)
15.2.13.Iceotope Technologies Ltd (United Kingdom)
15.2.14.USystems Ltd (United Kingdom)
15.2.15.Rittal GmbH & Co. KG(Germany)
15.2.16.Schneider Electric (France)
15.2.17.Submer Technologies (Spain)
15.2.18.Vertiv Co. (United States)
15.2.19.Wakefield-Vette Inc. (United States)
15.2.20.Wiwynn Corporation (Taiwan)
16. Research Methodology 
17. Appendix and Abbreviations 
  • Alfa Laval AB(Sweden)
  • Liquid Stack Inc. (United States)
  • Asetek AS (United States)
  • Asperitas Company(Netherlands)
  • Chilldyne Inc. (Canada)
  • CoolIT Systems Inc. (Canada)
  • Fujitsu Limited (Japan)
  • Mikros Technologies (United States)
  • Kaori Heat Treatment Co. Ltd (Taiwan)
  • Lenovo group Limited (Hong Kong)
  • Liquid Cool Solutions (United States)
  • Midas Green Technologies (United States)
  • Iceotope Technologies Ltd (United Kingdom)
  • USystems Ltd (United Kingdom)
  • Rittal GmbH & Co. KG(Germany)
  • Schneider Electric (France)
  • Submer Technologies (Spain)
  • Vertiv Co. (United States)
  • Wakefield-Vette Inc. (United States)
  • Wiwynn Corporation (Taiwan)

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