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NEW YORK , July 21, 2022 /PRNewswire/ -- According to the market research report published by P&S Intelligence, the global immersion cooling market generated $258.6 million revenue in 2021, which is expected to hit $1,855.1 million by 2030, advancing at a compound annual growth rate of 24.5% from 2021 to 2030. The main factors driving the growth of the market are the increasing count of data centers, production of huge amounts of data, and rapidly rising use of cloud services.
The primary driver for the rise in data generation is the ballooning usage of machine-to-machine, embedded, and IoT devices. Pictures and videos, information for entertainment and practical purposes, such as security and advertising, as well as data on company productivity, including log files on servers and computer systems, are some key data sources.
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Revenue from Single-Phase Immersion Cooling Systems Is Higher
Around 70% of the immersion cooling market share is held by the single-phase category. This is attributed to the numerous advantages of this technology, including cost-effectiveness, ease of use, and energy efficiency.
Immersion Cooling Usage Remains Highest in Data Centers
The temperature within data centers and around IT equipment is significantly increasing as a result of the growing usage of modern technology, which puts added pressure on the equipment. An increasing number of data centers are seeking methods to efficiently cool their equipment, while lowering the environmental impact and enhancing the processing power.
Additionally, in 2021, high-performance computing brought in the second-highest revenue for the market. This is explained by the increasing usage of HPC in the manufacturing, aerospace, life sciences, media, finance, and healthcare sectors.
Largest Contributor to Market Is North America
Browse detailed report on Global Immersion Cooling Market Share and Demand Forecast Report 2030
Major Market Trend Is Deployment of 5G Networks
Due to the rapid development of 5G networks, there is a huge need for hyperscale data centers and cloud services. 5G supports high-performance computation and artificial intelligence applications. Hence, data centers will need to maximize efficiency, reliability, robustness, and security as network and data demands increase.
Immersion Cooling Market Report Coverage
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