Global Immersion Cooling Fluids Market to Grow with a CAGR of 4.86% through 2028
Surge in research and development activities is expected to drive the Global
Immersion Cooling Fluids Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Immersion
Cooling Fluids Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Immersion Cooling Fluids
Market stood at USD1.58 billion in 2022 and is anticipated to grow with a CAGR
of 4.86% in the forecast period, 2023-2028. The initiatives taken by government
based on immersion cooling fluids has led to favorable market conditions for
the Global Immersion Cooling Fluids Market. Several factors contribute to the
growth of various immersion cooling fluids market products.
The U.S.
Department of Energy (DOE) recently made an exciting announcement, revealing a
generous USD 40 million fund dedicated to advancing research on more efficient
cooling methods specifically tailored for data centers. This significant
funding initiative aims to support various projects, including Intel Federal's
groundbreaking venture focused on adapting a cutting-edge two-phase immersion
cooling system. By exploring innovative approaches to heat distribution, these
projects seek to revolutionize the way data centers operate, ultimately leading
to enhanced performance and reduced energy consumption.
Alongside the
financial support for research, governments worldwide are taking proactive
steps to promote the widespread adoption of green technology. As part of these
efforts, they are offering enticing incentives to encourage organizations to
embrace environmentally-friendly solutions, such as immersion cooling systems.
For instance, these incentives have emerged as a compelling reason for Bitcoin
miners to transition from traditional cooling methods to liquid immersion
cooling tanks. This shift not only ensures optimal operational efficiency but
also contributes significantly to the reduction of carbon emissions, aligning
with global sustainability goals.
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Research and development
(R&D) plays a critical role in driving advancements in the immersion
cooling fluids market. These activities lead to the development of new and
innovative immersion cooling fluids that offer improved thermal conductivity,
heat transfer efficiency, and environmental sustainability. Such advancements
contribute to the growing adoption of immersion cooling fluids across various
sectors, including data centers, high-performance computing, and electric
vehicles.
The Global
Immersion Cooling Fluids Market is segmented into type, end user, regional
distribution, and company.
Based on its type, the mineral oil segment held the
largest share in the market. Mineral oil is a valuable by-product obtained
during the refining process of crude oil, which is primarily used for the
production of gasoline and other petroleum products. This oil variant is
predominantly composed of alkanes and cycloalkanes and is typically supplied by
oil refineries without undergoing any additional processing, qualifications, or
quality control measures.
When compared to traditional air conditioning systems,
mineral oil offers superior efficiency, thereby simplifying the design of
facilities and leading to substantial cost savings. The high boiling point, transparency,
and oily nature of mineral oil make it an ideal choice for applications
requiring a single-phase dielectric.
Based on region, North America segment is expected to
grow during the forecast period.
In recent years, the region has witnessed a significant
surge in linked device penetration. As a result, investors in data centres are
showing a growing interest in innovative cooling methods such as liquid
immersion and direct-to-chip cooling. With the introduction of 5G networks
worldwide, the relevance of edge data centres has been further amplified, and
it's worth noting that the United States has emerged as an early adopter of
this transformative technology. In fact, numerous US operators, including
EdgePresence, EdgeMicro, and American Towers, have already recognized the
immense potential and have begun making strategic investments in these
cutting-edge centres to capitalize on the evolving landscape of data management
and connectivity.
Major companies operating in Global Immersion Cooling
Fluids Market are:
- FUCHS SE
- The Lubrizol Corporation
- 3M Company
- Castrol Limited
- M&I Materials Ltd.
- Shell plc
- TotalEnergies SE
- Cargill, Incorporated
- Dober Chemical Corp
- LANXESS AG
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“Growing application of immersion cooling fluids in
various end user industries are key drivers of the immersion cooling fluids market.
Growth in competitive landscape and presence of well-established companies in
the market who are dedicated to enhance their productivity of immersion cooling
fluids with every passing year are anticipated to register an impressive growth
to Global Immersion Cooling Fluids Market in the forecast period.,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Global Immersion Cooling Fluids Market By Type
(Mineral Oil, Synthetic Fluids, Fluorocarbon-based Fluids, Others), By End User
(BFSI, Energy, Manufacturing, Healthcare, IT& Telecommunication, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Immersion Cooling Fluids Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Immersion Cooling Fluids Market.
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