The Global Immersion Cooling in Data Centers Market to Reflect 16.24% CAGR by 2028
Triton Market Research presents
the Global Immersion Cooling in Data Centers Market segmented by Product Type {Single-phase Immersion Cooling System,
Two-phase Immersion Cooling System}, by Verticals {IT & Telecom, BFSI
(Banking, Financial Services & Insurance), Government & Public Sector,
Healthcare, Manufacturing, Retail, Other Verticals}, by End-user {Hyperscale
Data Centers, Enterprise Data Centers, Colocation Data Centers, Other End-users},
by Geographical Region (North America, Europe, Asia-Pacific, Latin America,
Middle East and Africa), discussing Market Summary, Industry Outlook, Drivers,
Challenges, Opportunities, Competitive Landscape, Research Methodology &
Scope, and Global Market Size, Forecasts, & Analysis (2022-2028).Market
Summary, Industry Outlook, Drivers, Challenges, Opportunities, Competitive
Landscape, Research Methodology & Scope, and Global Market Size, Forecasts,
& Analysis (2022-2028).
Triton Market Research’s report
highlights that the Global Immersion Cooling in Data Centers Market is expected
to rise at a CAGR of 16.24% during the forecasted period 2022-2028.
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Liquid
immersion cooling has emerged as a path-breaking and cutting-edge technology. Immersion
cooling systems are highly suitable to be deployed in power-hungry
applications. With the growth in power density and the increasing number of
data centers, the demand for these systems is at an all-time high. This is
fostering the growth of the market.
There
are a number of disadvantages associated with immersion cooling systems used in
data centers. One of those is that they incur additional expenses as assembling
them involves a number of components, such as dielectric fluid, customized
tubs, piping, pumps, heat transfer systems, and others. This factor is majorly
hampering the considered market’s growth.
Globally, Europe is expected to be
the fastest-growing market globally over the projected period. The region is
focusing on lowering pollution and promoting green energy. As a result, the adoption
of immersion cooling systems is likely to witness a boost. This is because
immersion cooling systems show high energy efficiency and help reduce carbon
footprints. The rising adoption of these systems, owing to the growing focus on
the environment and sustainability, is expected to propel the European market
forward in the coming years.
The major companies outlined in the
immersion cooling in data centers market are Vertiv Group Corporation, Submer,
Iceotope Technologies Limited, Midas Immersion Cooling, Wiwynn, DCX The Liquid
Cooling Company, Exascalar Inc, LiquidStack, Schneider Electric, Fujitsu,
Liquidcool Solutions, Usystems Limited, GRC Green Revolution Cooling, Asperitas,
Stulz GmbH, and DUG Technology.
The global market buyers have high
bargaining power. This can be attributed to the diversity in products and meager
switching costs. Also, there are numerous suppliers present in the market,
which makes it easy for the customers to switch to other suppliers. Here, the
main buyers are servers, IT companies, cloud services companies, and server
& data center companies. On the other hand, the suppliers are affected by
the global supply chain issues, which can increase the cost of components used
in immersion cooling systems. This lowers the suppliers’ bargaining power.
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