Immersion Cooling Market To Hit Value 5.2 Million By 2027Posted by Mrudula Anil Karmarkar on December 31st, 2020 The global immersion cooling market size is projected to reach USD 855.2 million by 2027, registering a CAGR of 22.8% during the forecast period, according to a new report by Grand View Research, Inc. Rising investments in data center infrastructure along with the increasing power consumption are expected to surge the product demand. With the rapid development of internet of things (IoT), virtual reality (VR), 5G, artificial intelligence (AI) and the commercial application of the new cutting edge technologies, the demand for information interaction and data processing is increasing which has sped up the construction of new data centers resulting in creating opportunities for product manufacturers in recent times. Rising investments in single assets and portfolios, increasing capitalization rates for stabilized data centers, an increase in the worldwide spending on public cloud services and infrastructure, and various government initiatives such as “Digital India” are expected to stimulate the demand for immersion cooling systems in the forthcoming years. Single-phase is expected to maintain its dominance over the forecast period, on account of its low system, tank and coolant cost; high coolant heat capacity; high dielectric strength; high biodegradability, and low environmental impact or Global Warming Potential (GWP) in comparison to two-phase immersion cooling systems. There are more than 7,500 data centers across the globe, with over 2600 in the top 20 cities alone. The data center construction is anticipated to grow at 21% per year in the next three years according to the semi-annual ranking of the Top 500. Rising investments in data center infrastructure along with the increase in power consumption are expected to surge the demand for immersion cooling systems in the forthcoming years. The Chinese data center industry stood at USD 17.8 billion in 2020, up 30% year-on-year, and is expected to reach USD 29 billion in 2020 according to the statistics provided by Yingkou People's Municipal Government. China continued to dominate the list of the world’s fastest supercomputers in terms of computer units and opened 437 new data centers in the last three years. Immersion Cooling Market Report Highlights
When the average power density of data centers per rack is greater than 7 kW, the space utilization gets reduced by 50% as almost half of this space is required by cooling and power equipment alone, and only 50% is left for the actual IT equipment. Hence, the demand for immersion cooling systems is expected to grow exponentially as these systems do not require additional space and have low power usage in comparison to conventional cooling methods. With the explosion of internet of thing (IoT) and artificial intelligence (AI) in the enterprise, companies are now working with unprecedented amounts of data which require higher density IT gear to work at an enterprise level. A large number of existing data centers cannot accommodate these new types of workloads. This in result has strengthened the demand for immersion cooling data centers on account of their space optimization and low power usage effectiveness. More than 60% of the data centers across the globe use air cooling on account of its low costs and no environmental impact. In addition, converting an existing data center into immersion cooling data center requires a rack by rack conversion which in turn increases the operation and maintenance costs. Furthermore, fluorocarbons used as a coolant in two-phase system recondense on everything leaving a toxic dew which if inhaled can damage the lungs. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/450299/ibb The market exhibits the presence of a large number of global and regional players. Companies are investing a lot in integrating advanced technologies, saving energy, and improving computer efficiency because of the increasing adoption of green computing which means eco-friendly and environmentally responsible use of computers and their sources. Companies such as Green Revolution Cooling and Asperitas have launched a joint website to create awareness about immersion cooling systems in the market space. In addition, a joint venture between Prasa and GRC to provide high-quality immersion cooling products including HashTank, ICEraQ, HashRaQ and ICEtank in India is expected to boost the market growth over the forecast period. Some of the prominent players in the immersion cooling market include:
Grand View Research has segmented the global immersion cooling market on the basis of product, application, cooling liquid: Immersion Cooling Product Outlook (Revenue, USD Million, 2016 - 2027)
Immersion Cooling Application Outlook (Revenue, USD Million, 2016 - 2027)
Immersion Cooling Liquid Outlook (Revenue, USD Million, 2016 - 2027)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information:www.grandviewresearch.com Like it? Share it! More by this author |