Global Immersion Cooling Market Size Study, By Product (Single-phase, Two-phase), By Application (High-performance Computing, Edge Computing, Cryptocurrency Mining, Artificial Intelligence), By Cooling Liquid (Mineral Oil, Fluorocarbon-based Fluids, Deionized Water, Others), and Regional Forecasts 2022-2032

March 2025 | 285 pages | ID: G03FC4A1973EEN
Bizwit Research & Consulting LLP

US$ 3,218.00 US$ 4,950.00 -35 %
Offer valid until August 31, 2025!

E-mail Delivery (PDF), Hard Copy Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The global immersion cooling market was valued at approximately USD 232.04 million in 2023 and is projected to grow at a CAGR of 23.6% over the forecast period 2024-2032. The surge in data center establishments, cryptocurrency mining, and artificial intelligence (AI) applications has propelled the demand for efficient cooling solutions, positioning immersion cooling as a preferred technology for high-performance computing environments.

Immersion cooling technology, which submerges electronic components in dielectric liquids, significantly enhances energy efficiency and reduces operational costs. The adoption of single-phase and two-phase immersion cooling is rising, as businesses seek to improve Power Usage Effectiveness (PUE) while ensuring hardware longevity. Reports from the International Energy Agency (IEA) indicate that data centers currently consume nearly 460 Terawatt hours (TWh) of electricity annually, a figure expected to double by 2026, further necessitating the adoption of liquid-based cooling.

Regulatory frameworks aimed at sustainability and energy efficiency in data centers, such as the European Commission’s Energy Efficiency Directive, are playing a crucial role in promoting immersion cooling solutions. Governments and enterprises alike are investing in energy-efficient cooling, compelling operators to transition from conventional air-based cooling to liquid immersion cooling for better thermal management. Additionally, advancements in fluorocarbon-based fluids and mineral oil-based cooling liquids have improved cooling system reliability, creating lucrative market opportunities.

The cryptocurrency industry’s exponential growth has further driven the demand for immersion cooling systems, given that Bitcoin mining alone consumes approximately 155-172 TWh of electricity annually. Immersion cooling mitigates hardware thermal stress, enhances mining efficiency, and extends GPU and ASIC component lifespan, making it a compelling alternative to air-cooled solutions. As companies scale up mining operations and cloud computing workloads, liquid cooling solutions are anticipated to gain widespread adoption.

Despite the numerous benefits, high initial costs and system complexity remain barriers to adoption. However, technological innovations, including AI-driven cooling optimization, enhanced dielectric liquid formulations, and modular immersion cooling tanks, are expected to mitigate cost concerns. Major industry players are focusing on partnerships and acquisitions to expand market presence and enhance R&D investments. For example, in 2024, Submer announced its expansion into the U.S. market with a new R&D and manufacturing facility in Houston, Texas, to cater to the growing demand for liquid immersion cooling in data centers and HPC environments.

Major Market Players Included in this Report Are:
  • Fujitsu
  • DUG Technology
  • Green Revolution Cooling, Inc.
  • Submer
  • LiquidStack Holding B.V.
  • Midas Immersion Cooling
  • Aecorsis BV
  • DCX POLSKA SP. Z O.O.
  • LiquidCool Solutions
  • STULZ GMBH
  • Asperitas
  • GRC (Green Revolution Cooling)
  • Iceotope Technologies Limited
  • Allied Control Limited
  • Dell Technologies
The Detailed Segments and Sub-segments of the Market are Explained Below:

By Product:
  • Single-phase
  • Two-phase
By Application:
  • High-performance Computing
  • Edge Computing
  • Cryptocurrency Mining
  • Artificial Intelligence
  • Others
By Cooling Liquid:
  • Mineral Oil
  • Fluorocarbon-based Fluids
  • Deionized Water
  • Others
By Region:

North America
  • U.S.
  • Canada
  • Mexico
Europe
  • Germany
  • UK
  • France
  • Italy
  • Netherlands
  • Russia
Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
Latin America
  • Brazil
  • Argentina
Middle East & Africa
  • Saudi Arabia
  • South Africa
Years considered for the study are as follows:
  • Historical Year – 2022
  • Base Year – 2023
  • Forecast Period – 2024 to 2032
Key Takeaways:
  • Market Estimates & Forecast for 10 years (2022-2032)
  • Annualized revenues & regional-level analysis for each market segment
  • Geographical landscape analysis with country-level market insights
  • Competitive landscape with information on major market players
  • Key business strategies & investment recommendations
  • Competitive structure & demand-supply analysis
  • Comprehensive regulatory framework overview impacting market growth
CHAPTER 1. GLOBAL IMMERSION COOLING MARKET EXECUTIVE SUMMARY

1.1. Global Immersion Cooling Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Product
  1.3.2. By Application
  1.3.3. By Cooling Liquid
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL IMMERSION COOLING MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL IMMERSION COOLING MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing demand for energy-efficient data centers
  3.1.2. Expansion of high-performance computing (HPC) applications
  3.1.3. Rising adoption of cryptocurrency mining
3.2. Market Challenges
  3.2.1. High initial investment and deployment costs
  3.2.2. Limited awareness and slow adoption in small and medium enterprises
3.3. Market Opportunities
  3.3.1. Advancements in cooling liquid technologies
  3.3.2. Government initiatives for green and sustainable data centers
  3.3.3. Growing AI and edge computing workloads

CHAPTER 4. GLOBAL IMMERSION COOLING MARKET INDUSTRY ANALYSIS

4.1. Porter’s Five Forces Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s Five Forces Model
  4.1.7. Porter’s Five Forces Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economic
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL IMMERSION COOLING MARKET SIZE & FORECASTS BY PRODUCT (2022-2032)

5.1. Segment Dashboard
5.2. Global Immersion Cooling Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million)
  5.2.1. Single-phase
  5.2.2. Two-phase

CHAPTER 6. GLOBAL IMMERSION COOLING MARKET SIZE & FORECASTS BY APPLICATION (2022-2032)

6.1. Segment Dashboard
6.2. Global Immersion Cooling Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
  6.2.1. High-performance Computing
  6.2.2. Edge Computing
  6.2.3. Cryptocurrency Mining
  6.2.4. Artificial Intelligence
  6.2.5. Others

CHAPTER 7. GLOBAL IMMERSION COOLING MARKET SIZE & FORECASTS BY COOLING LIQUID (2022-2032)

7.1. Segment Dashboard
7.2. Global Immersion Cooling Market: Cooling Liquid Revenue Trend Analysis, 2022 & 2032 (USD Million)
  7.2.1. Mineral Oil
  7.2.2. Fluorocarbon-based Fluids
  7.2.3. Deionized Water
  7.2.4. Others

CHAPTER 8. GLOBAL IMMERSION COOLING MARKET SIZE & FORECASTS BY REGION (2022-2032)

8.1. North America Immersion Cooling Market
  8.1.1. U.S. Immersion Cooling Market
    8.1.1.1. Product breakdown size & forecasts, 2022-2032
    8.1.1.2. Application breakdown size & forecasts, 2022-2032
  8.1.2. Canada Immersion Cooling Market
  8.1.3. Mexico Immersion Cooling Market
8.2. Europe Immersion Cooling Market
  8.2.1. Germany Immersion Cooling Market
  8.2.2. U.K. Immersion Cooling Market
  8.2.3. France Immersion Cooling Market
  8.2.4. Italy Immersion Cooling Market
  8.2.5. Netherlands Immersion Cooling Market
  8.2.6. Russia Immersion Cooling Market
8.3. Asia-Pacific Immersion Cooling Market
  8.3.1. China Immersion Cooling Market
  8.3.2. India Immersion Cooling Market
  8.3.3. Japan Immersion Cooling Market
  8.3.4. South Korea Immersion Cooling Market
  8.3.5. Australia Immersion Cooling Market
8.4. Latin America Immersion Cooling Market
  8.4.1. Brazil Immersion Cooling Market
  8.4.2. Argentina Immersion Cooling Market
8.5. Middle East & Africa Immersion Cooling Market
  8.5.1. Saudi Arabia Immersion Cooling Market
  8.5.2. South Africa Immersion Cooling Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Fujitsu
  9.1.2. DUG Technology
  9.1.3. Green Revolution Cooling, Inc.
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Fujitsu
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. DUG Technology
  9.3.3. Green Revolution Cooling, Inc.
  9.3.4. Submer
  9.3.5. LiquidStack Holding B.V.
  9.3.6. Midas Immersion Cooling
  9.3.7. Aecorsis BV
  9.3.8. DCX POLSKA SP. Z O.O.
  9.3.9. LiquidCool Solutions
  9.3.10. STULZ GMBH

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Immersion Cooling Market, Report Scope
TABLE 2. Global Immersion Cooling Market Estimates & Forecasts by Region, 2022-2032 (USD Million)
TABLE 3. Global Immersion Cooling Market Estimates & Forecasts by Product, 2022-2032 (USD Million)
TABLE 4. Global Immersion Cooling Market Estimates & Forecasts by Application, 2022-2032 (USD Million)
TABLE 5. Global Immersion Cooling Market Estimates & Forecasts by Cooling Liquid, 2022-2032 (USD Million)
TABLE 6. North America Immersion Cooling Market, Estimates & Forecasts by Product, 2022-2032 (USD Million)
TABLE 7. North America Immersion Cooling Market, Estimates & Forecasts by Application, 2022-2032 (USD Million)
TABLE 8. North America Immersion Cooling Market, Estimates & Forecasts by Cooling Liquid, 2022-2032 (USD Million)
TABLE 9. Europe Immersion Cooling Market, Estimates & Forecasts by Product, 2022-2032 (USD Million)
TABLE 10. Europe Immersion Cooling Market, Estimates & Forecasts by Application, 2022-2032 (USD Million)
TABLE 11. Asia-Pacific Immersion Cooling Market, Estimates & Forecasts by Product, 2022-2032 (USD Million)
TABLE 12. Asia-Pacific Immersion Cooling Market, Estimates & Forecasts by Application, 2022-2032 (USD Million)
TABLE 13. Latin America Immersion Cooling Market, Estimates & Forecasts by Product, 2022-2032 (USD Million)
TABLE 14. Latin America Immersion Cooling Market, Estimates & Forecasts by Application, 2022-2032 (USD Million)
TABLE 15. Middle East & Africa Immersion Cooling Market, Estimates & Forecasts by Product, 2022-2032 (USD Million)
TABLE 16. Middle East & Africa Immersion Cooling Market, Estimates & Forecasts by Application, 2022-2032 (USD Million)
TABLE 17. U.S. Immersion Cooling Market, Estimates & Forecasts by Product, 2022-2032 (USD Million)
TABLE 18. U.S. Immersion Cooling Market, Estimates & Forecasts by Application, 2022-2032 (USD Million)
TABLE 19. Canada Immersion Cooling Market, Estimates & Forecasts by Product, 2022-2032 (USD Million)
TABLE 20. Canada Immersion Cooling Market, Estimates & Forecasts by Application, 2022-2032 (USD Million)
TABLE 21. Germany Immersion Cooling Market, Estimates & Forecasts by Product, 2022-2032 (USD Million)
TABLE 22. Germany Immersion Cooling Market, Estimates & Forecasts by Application, 2022-2032 (USD Million)
TABLE 23. China Immersion Cooling Market, Estimates & Forecasts by Product, 2022-2032 (USD Million)
TABLE 24. China Immersion Cooling Market, Estimates & Forecasts by Application, 2022-2032 (USD Million)
TABLE 25. Japan Immersion Cooling Market, Estimates & Forecasts by Product, 2022-2032 (USD Million)
TABLE 26. Japan Immersion Cooling Market, Estimates & Forecasts by Application, 2022-2032 (USD Million)
TABLE 27. Brazil Immersion Cooling Market, Estimates & Forecasts by Product, 2022-2032 (USD Million)
TABLE 28. Brazil Immersion Cooling Market, Estimates & Forecasts by Application, 2022-2032 (USD Million)
TABLE 29. Competitive Benchmarking of Major Players in the Immersion Cooling Market
TABLE 30. Key Strategic Developments in the Global Immersion Cooling Market
This list is not complete. The final report contains more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Immersion Cooling Market, Research Methodology
FIG 2. Global Immersion Cooling Market, Market Estimation Techniques
FIG 3. Global Immersion Cooling Market Size, 2022 & 2032 (USD Million)
FIG 4. Global Immersion Cooling Market, Key Trends, 2023
FIG 5. Global Immersion Cooling Market, Growth Prospects, 2022-2032
FIG 6. Global Immersion Cooling Market, Porter's Five Forces Model
FIG 7. Global Immersion Cooling Market, PESTEL Analysis
FIG 8. Global Immersion Cooling Market, Value Chain Analysis
FIG 9. Global Immersion Cooling Market by Product, 2022 & 2032 (USD Million)
FIG 10. Global Immersion Cooling Market by Application, 2022 & 2032 (USD Million)
FIG 11. Global Immersion Cooling Market by Cooling Liquid, 2022 & 2032 (USD Million)
FIG 12. Global Immersion Cooling Market, Regional Snapshot, 2022 & 2032
FIG 13. North America Immersion Cooling Market, 2022 & 2032 (USD Million)
FIG 14. Europe Immersion Cooling Market, 2022 & 2032 (USD Million)
FIG 15. Asia-Pacific Immersion Cooling Market, 2022 & 2032 (USD Million)
FIG 16. Latin America Immersion Cooling Market, 2022 & 2032 (USD Million)
FIG 17. Middle East & Africa Immersion Cooling Market, 2022 & 2032 (USD Million)
FIG 18. U.S. Immersion Cooling Market, 2022 & 2032 (USD Million)
FIG 19. Canada Immersion Cooling Market, 2022 & 2032 (USD Million)
FIG 20. Germany Immersion Cooling Market, 2022 & 2032 (USD Million)
FIG 21. China Immersion Cooling Market, 2022 & 2032 (USD Million)
FIG 22. Japan Immersion Cooling Market, 2022 & 2032 (USD Million)
FIG 23. Competitive Landscape Analysis – Market Share of Key Players, 2023
FIG 24. Key Developments by Major Players in the Immersion Cooling Market
FIG 25. Immersion Cooling Market – SWOT Analysis of Key Players
FIG 26. Technological Innovations and R&D Spending Trends in the Immersion Cooling Market
FIG 27. Impact of AI and Edge Computing on Immersion Cooling Adoption Rates
FIG 28. Market Opportunity Analysis for Emerging Players in the Immersion Cooling Sector
FIG 29. Investment Landscape and Funding Trends in the Immersion Cooling Market
This list is not complete. The final report contains more than 50 figures. The list may be updated in the final deliverable.


More Publications