The immersion cooling market is projected to grow from USD 0.4 billion in 2023 to USD 2.1 billion by 2031, at a CAGR of 24.1% from 2023 to 2031. The primary reason for this market’s growth is the growing demand for immersion cooling solutions for efficient cooling systems that can handle the increasing heat generated by high-performance computing and blockchain applications.

Browse 179 market data Tables and 50 Figures spread through 247 Pages and in-depth TOC on "Immersion Cooling Market by Type (Single-Phase, Two-Phase), Application (High Performance Computing, Edge Computing, Cryptocurrency Mining), Cooling Fluid (Synthetic Oil, Mineral Oil), Component (Solutions, Services), and Region - Global Forecast to 2031"

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Green Revolution Cooling (GRC), Inc. (US), Submer (Spain), Asperitas (Netherlands), LiquidStack (Netherlands), and Midas Immersion Cooling (US) fall under the winners’ category. These are leading global players in the immersion cooling market. These companies often have strong financial positions, allowing them to invest in growth opportunities, withstand economic downturns, and fund research and development.

Green Revolution Cooling (GRC) is a company that specializes in liquid immersion cooling for data centers. Their patented technology increases performance, enhances sustainability, and optimizes total cost of ownership (TCO) by eliminating conventional power-hungry air-cooling infrastructure.

GRC’s ICEraQ™ micro-modular systems increase efficiency and lower capital and operational expenditures by up to 50% responsible solutions.

Submer is a company that provides immersion cooling solutions for data centers and other IT infrastructure and related hardware. The company is based in Spain and is known for developing innovative products designed to be effective and easy-to-operate liquid immersion cooling solutions. Summer uses inorganic and organic growth strategies to cater to more prominent end-users and gain more market share in the immersion cooling market. In June 2021, Submer announced its partnership with ASA Computers, a leading IT solution provider that delivers innovative systems-to-rack solutions.

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Asperitas is a high-tech company based in the Netherlands specializing in global immersion cooling solutions for sustainable and high-density data centers. The company is known for its AIC24 solution, a self-contained unit designed for high-density CPU and GPU immersion cooling. Asperitas’ immersion cooling technology, called Immersed Computing, utilizes natural convection for high-density data centers, enabling sustainability and high performance.

LiquidStack is one of the leaders in liquid immersion cooling for data centers, telecommunications, and blockchain systems. The company provides innovative and sustainable liquid cooling solutions with high performance, compactness, and energy efficiency. The company’s immersion cooling technology is designed to overcome the cooling crisis through unmatched heat rejection and efficiency. In September 2023, LiquidStack announced the launch of its new prefabricated modular solutions, MicroModular and MegaModular, which are compact, high-density, and designed for the most rugged environments.

Midas Immersion Cooling is a company that provides immersion cooling solutions for data centers and ASIC mining. The company’s immersion cooling technology is designed to reduce total power consumption. Midas Immersion Cooling’s XCI immersion tank can be configured to cool up to 150 kW of compute power and can be located almost anywhere. The company’s immersion cooling technology is specially engineered for ASIC mining and offers better performance at a lower cost.

North America regional segment accounted for the largest share of the Immersion Cooling market.

The geographical and climatic diversity across North America has also influenced the adoption of immersion cooling. In regions with higher ambient temperatures, traditional air-based cooling methods can be less effective and more energy-intensive. Immersion cooling, with its ability to provide uniform and efficient cooling regardless of external temperatures, presents itself as a viable solution for data centers operating in various climates, contributing to its widespread acceptance.

Recent Developments

• In October 2023, GRC (Green Revolution Cooling) Inc., the leader in single-phase immersion cooling for data centers, announced the launch of a new data center solution, Next-Gen Immersion Cooled Data Centers in Middle East & Africa, with the collaboration of Dell Technologies, and DCV Industries.
• In October 2023, Submer and Intel collaborated to enhance single-phase immersion technology through a Forced Convection Heat Sink (FCHS) package. It reduces the quantity and cost of components required for comprehensive heat capture and the dissipation of chips with Thermal Design Power (TDP) exceeding 1000W.
• In May 2020, Asperitas partnered with European data center owner/operator, Maincubes. The two companies planned to offer immersion cooling solutions in dedicated immersion cooling colocation suites in the Maincubes Amsterdam AMS01 data center. AMS01 is also home to the European Open Compute Project (OCP) Experience Center, while Asperitas is a leading OCP standards contributor in immersion cooling.