세계의 액침 냉각 시장(2024-2031년)

Immersion Cooling Market Size, Share & Trends Analysis Report by Product Type (Single-phase, and Two-phase), by Application (High-performance Computing, Edge Computing, Cryptocurrency Mining, Artificial Intelligence, and Others), and by Cooling Liquid (Hydrocarbons (Mineral Oil and Synthetic Oil) Fluorocarbon-based Fluids, and Deionized Water) Forecast Period (2024-2031)

Immersion cooling market is anticipated to grow at a significant CAGR of 24.1% during the forecast period (2024-2031). Immersion cooling has grown more and more popular since it is scalable, sustainable, and energy-efficient. It satisfies environmental requirements, lowers energy consumption, and meets the objectives of high-density computing. The demand for small, effective cooling solutions is driven by increasing markets and technological developments, ensuring a sustainable and effective cooling system.

Market Dynamics

Increased Data Center Demand

The increasing demand for efficient cooling solutions in data centers due to the growing volume of data and computing needs drives the market growth. For instance, in June 2024, Asperitas launched Direct Forced Convection Immersion Cooling, a technology designed to enable scale, power, and reliability across multiple workloads, including HPC and AI. The technology offers advanced performance in immersion cooling, enabling scale-up and a cooling capacity beyond 3.6kW per U. It ensures high power density components are precision cooled with low power overhead, allowing data centers to stack more powerful servers in a smaller footprint without overheating.

Technological Advancements

The performance, dependability, and compatibility of immersion cooling are improved by advancements in cooling fluids and system designs, which drive the expansion of the single-phase liquid cooling systems industry. For instance, in November 2023, LiquidStack introduced a single-phase liquid cooling solution for data centers, offering industry-leading efficiency and AI compatibility. The solution uses non-hazardous dielectric fluids, improves heat transfer, and offers server scalability, flexibility, and compatibility with LiquidStack modular solutions.

Market Segmentation

• Based on the product type, the market is segmented into single-phase, and two-phase.
• Based on the application, the market is segmented into high-performance computing, edge computing, cryptocurrency mining, artificial intelligence, and others (telecommunications, military, and defense).
• Based on the cooling liquid, the market is segmented into hydrocarbons (mineral oil and synthetically manufactured oil), fluorocarbon-based fluids, and deionized water.

Two-phase Segment is projected to Hold the Largest Market Share

The growing demand for high-performance computing and cryptocurrency mining necessitates efficient cooling solutions to manage high heat output, driving market growth. For instance, in 2024, Marathon Digital Holdings launched the MARA 2PIC700, a next-generation two-phase immersion cooling system designed to improve data center operations with industry-leading power, density, and efficiency. Marathon's vertically integrated technology stack includes a system that can reduce space requirements by 75%, operate in minus 20-50°C, and overclock ASIC miners by 60-100%.

• In August 2023, Chemours launched Opteon 2P50, a two-phase immersion cooling fluid with less global warming potential than competitors such as 3M's Novec. This proprietary hydrofluoroolefin dielectric fluid is designed for two-phase immersion cooling systems, which remove heat more efficiently than simple cooling.

High-performance Computing Segment to Hold a Considerable Market Share

The growing complexity of simulations, data analysis, and AI workloads is driving demand for efficient computing systems, with immersion cooling enabling higher processing power without increasing heat and energy consumption. For instance, in November 2023, TYAN, unveiled a new immersion cooling solution at SC23, enhancing server efficiency. The system, powered by 4th Gen Intel Xeon Scalable Processors, is designed for high-performance computing, AI, and cloud computing applications. It uses a 4U hybrid single-phase tank enclosure.

Regional Outlook

The global immersion cooling market is further segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).

Innovative Cooling Solutions To Support Infrastructure In the Asia-Pacific Region

The increasing demand for innovative cooling solutions to support infrastructure growth is a result of a global increase in data center development, especially in emerging economies such as China and India. According to the India Brand Equity Foundation (IBEF), in June 2023, India ranks as the globe's 13th largest data center market, housing 138 data centers. By the end of 2025, it is projected that an additional 45 data centers, covering a combined 13 million square feet and offering 1,015 MW of capacity, will be constructed. In 2021, the value of India's data center industry was estimated at $4.35 billion, with expectations to grow by 132% to reach $10.09 billion by 2027, and by the end of 2022, the country is expected to have over 700 million internet users, nearly double that of the US.

North America Holds Major Market Share

Immersion cooling has grown more and more popular owing to its sustainability and energy efficiency, especially in data centers that aim to minimize carbon footprint and satisfy environmental regulations. For instance, in January 2024, Modine acquired the intellectual property and assets of TMG Core, a specialist in liquid immersion cooling technology for high-density data centers. This investment positions Modine to capture share in the rapidly developing data center liquid cooling market

• In November 2023, LiquidStack introduced a single-phase immersion cooling solution for data centers, offering energy-efficient, sustainable alternatives to air cooling. The non-hazardous solution offers scalability, flexibility, and compatibility with LiquidStack modular solutions and Trane chillers.

The major companies serving the immersion cooling market include 3M Co., ExxonMobil Corporation, Shell PLC, Schneider Electric SE, and Dow, Inc. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market.

Recent Developments

• In October 2023, Shell Lubricants introduced single-phase immersion cooling fluids for data centers, aiming to reduce energy consumption and carbon dioxide emissions. The synthetic fluids, made from natural gas, are biodegradable, stable, and offer exceptional performance. It complements other low-carbon solutions such as renewable power and smart energy management services.
• In November 2022, GIGABYTE introduced two immersion cooling tanks, G152-Z12, and an immersion-ready server, supporting high-density, high-compute data centers with global "net-zero emissions" specifications, providing up to 80 kW of heat dissipation.

Table of Contents

1. Report Summary

• Current Industry Analysis and Growth Potential Outlook
• 1.1. Research Methods and Tools
• 1.2. Market Breakdown
  • 1.2.1. By Segments
  • 1.2.2. By Region

2. Market Overview and Insights

• 2.1. Scope of the Report
• 2.2. Analyst Insight & Current Market Trends
  • 2.2.1. Key Industry Trends
  • 2.2.2. Recommendations
  • 2.2.3. Conclusion

3. Competitive Landscape

• 3.1. Key Company Analysis
• 3.2. 3M Co.
  • 3.2.1. Overview
  • 3.2.2. Financial Analysis
  • 3.2.3. SWOT Analysis
  • 3.2.4. Recent Developments
• 3.3. ExxonMobil Corporation
  • 3.3.1. Overview
  • 3.3.2. Financial Analysis
  • 3.3.3. SWOT Analysis
  • 3.3.4. Recent Developments
• 3.4. Shell PLC
  • 3.4.1. Overview
  • 3.4.2. Financial Analysis
  • 3.4.3. SWOT Analysis
  • 3.4.4. Recent Developments
• 3.5. Schneider Electric SE
  • 3.5.1. Overview
  • 3.5.2. Financial Analysis
  • 3.5.3. SWOT Analysis
  • 3.5.4. Recent Developments
• 3.6. Key Strategy Analysis

4. Market Segmentation

• 4.1. Global Immersion Cooling Market by Product Type
  • 4.1.1. Single-phase
  • 4.1.2. Two-phase
• 4.2. Global Immersion Cooling Market by Application
  • 4.2.1. High-performance Computing
  • 4.2.2. Edge Computing
  • 4.2.3. Cryptocurrency Mining
  • 4.2.4. Artificial Intelligence
  • 4.2.5. Others (Telecommunications, and Military and Defense)
• 4.3. Global Immersion Cooling Market by Cooling Liquid
  • 4.3.1. Hydrocarbons based Fluids (Mineral Oil and Synthetic Oil)
  • 4.3.2. Fluorocarbon-based Fluids
  • 4.3.3. Deionoized Water

5. Regional Analysis

• 5.1. North America
  • 5.1.1. United States
  • 5.1.2. Canada
• 5.2. Europe
  • 5.2.1. UK
  • 5.2.2. Germany
  • 5.2.3. Italy
  • 5.2.4. Spain
  • 5.2.5. France
  • 5.2.6. Rest of Europe
• 5.3. Asia-Pacific
  • 5.3.1. China
  • 5.3.2. India
  • 5.3.3. Japan
  • 5.3.4. South Korea
  • 5.3.5. Rest of Asia-Pacific
• 5.4. Rest of the World
  • 5.4.1. Latin America
  • 5.4.2. Middle East and Africa

6. Company Profiles

• 6.1. Cargill, Inc.
• 6.2. Castrol Limited
• 6.3. Dow. Inc.
• 6.4. Engineered Fluids, Inc.
• 6.5. Fuchs Lubricants China Ltd.
• 6.6. GIGA-BYTE Technology Co., Ltd.
• 6.7. Green Revolution Cooling,Inc.
• 6.8. LiquidStack Holding B.V.
• 6.9. Modine Manufacturing Company
• 6.10. Prasa Infocom & Power Solutions Pvt. Ltd.
• 6.11. STULZ GMBH
• 6.12. Submer Technologies & Submer Inc.
• 6.13. The Chemours Company
• 6.14. Valvoline Global Operations
• 6.15. Vertiv Group Corp.