Global Immersion Cooling Market

Immersion Cooling Market A Global and Regional Analysis Table of Content

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Country Analysis Analysis and Forecast: 2022-2027

May 2022

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IMMERSION COOLING MARKET

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Table of Content Executive Summary .......................................................................... 16 Scope of the Study ........................................................................... 22 1.

Market ....................................................................................... 24 1.1

Industry Outlook .............................................................................................. 25

1.1.1 Market Definition ......................................................................................... 25 1.1.2 Case Study ................................................................................................... 27 1.1.2.1

Introduction ........................................................................................................ 27

1.1.2.2

Cost Comparison of Various Cooling Technologies .......................................... 31

1.1.2.3

Immersion Cooling Can Be a Better Alternative Method ................................... 31

1.1.3 Key Start-ups in the Global Immersion Cooling Market ........................... 32 1.1.4 Impact of COVID-19 on the Global Immersion Cooling Market ............... 33 1.2

Business Dynamics ......................................................................................... 34

1.2.1 Business Drivers ......................................................................................... 34 1.2.1.1

Increasing Need for Sustainable Cooling Solutions ........................................... 34

1.2.1.1.1

Increasing Government Initiatives for Carbon Neutral and Energy-Efficient Data Centers ........................................................................................................... 35

1.2.1.1.2

Need to Curb Water Usage due to Increasing Water Scarcity ................................ 36

1.2.1.1.3

Growing Number of Green and Smart City Projects ................................................ 37

Reduction in Operational Costs ......................................................................... 39

1.2.1.2.1

Extends Life of Equipment and Hardware ............................................................... 39

1.2.1.2.2

Resource Saving Technology .................................................................................. 40

1.2.1.2.3

Reduction of Floor Space Needed by Data Centers................................................ 40

1.2.2 Business Challenges .................................................................................. 41 1.2.2.1

Alternative Technologies Existing in the Market ................................................ 41

1.2.2.2

Additional Costs in Case of System Failures and Fluid Leakages .................... 42

1.2.2.2.1

Fluid Leakages Add to Costs ................................................................................... 43

1.2.2.2.2

Immersion Cooling Systems are Susceptible to Breakdowns ................................. 43 3

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1.2.1.2

1.2.2.2.3

1.2.2.3

Equipment and Hardware Need to be Pre-Designed and Modified......................... 43

Lack of Standardization ..................................................................................... 43

1.2.3 Business Strategies .................................................................................... 43 1.2.3.1

Product Development and Innovation ................................................................ 44

1.2.3.2

Business Expansion .......................................................................................... 45

1.2.4 Corporate Strategies ................................................................................... 46 1.2.4.1

Mergers and Acquisitions .................................................................................. 46

1.2.4.2

Partnerships, Collaborations, and Joint Ventures .............................................. 46

1.2.4.3

Others ................................................................................................................ 47

1.2.5 Business Opportunities .............................................................................. 48 1.2.5.1

Retrofitting Opportunities ................................................................................... 48

1.2.5.1.1

Increasing Efficiency of Existing Data Centers ........................................................ 48

1.2.5.1.2

Conversion of Old Buildings to Data Centers .......................................................... 49

1.2.5.2

Increasing Demand for Data Centers ................................................................ 50

1.2.5.2.1

Need for Edge, Colocation, and Hyperscale Data Center ....................................... 50

1.2.5.2.2

Growth in Penetration Rate of Internet and Cloud Services .................................... 51

1.2.5.2.3

Increased Rack Density ........................................................................................... 52

1.2.5.3

Increased Adoption of Blockchain Technologies and Growing Demand for Crypto Mining..................................................................................................... 52

2.

Application ................................................................................ 54 2.1

Global Immersion Cooling Market - by Application ...................................... 55

2.1.1 Blockchain ................................................................................................... 55

2.1.3 Data Center .................................................................................................. 56 2.1.3.1

Hyperscale Center ............................................................................................. 56

2.1.3.2

Enterprise .......................................................................................................... 57

2.1.3.3

Colocation Data Center ..................................................................................... 57

2.1.3.4

Others ................................................................................................................ 58

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2.1.2 High-Performance Computing.................................................................... 56

2.2

Demand Analysis of the Global Immersion Cooling Market (by Application) ...................................................................................................... 59

3.

Product...................................................................................... 60 3.1

Global Immersion Cooling Market - by Technology ..................................... 61

3.1.1 Single-Phase Immersion Cooling System ................................................. 61 3.1.2 Two-Phase Immersion Cooling System .................................................... 62 3.2

Demand Analysis of the Global Immersion Cooling Market (by Technology) ..................................................................................................... 64

3.3

Patent Analysis ................................................................................................ 64

3.3.1 Patent Analysis (by Patent Objective) ....................................................... 65 3.3.2 Patent Analysis (by Patent Office) ............................................................. 66 3.3.3 Patent Analysis (by Organization) ............................................................. 66 3.3.4 Patent

Analysis-Single-Phase

Immersion

Cooling

(by

Organizations) ............................................................................................. 67 3.3.5 Patent Analysis-2-Phase Immersion Cooling (by Organizations) ........... 67

4.

Region ....................................................................................... 68 4.1

Global Immersion Cooling Outlook ................................................................ 70

4.1.1 Global Data Centers .................................................................................... 70 4.1.2 Global Crypto Currency Mining.................................................................. 72 4.2

North America .................................................................................................. 74

4.2.1.1

Business Challenges ......................................................................................... 74

4.2.1.2

Business Drivers ................................................................................................ 74

4.2.2 Application ................................................................................................... 75 4.2.2.1

North America Immersion Cooling Market (by Application), $Million, 20212027 ................................................................................................................... 75

4.2.3 Product ......................................................................................................... 75

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4.2.1 Market ........................................................................................................... 74

4.2.3.1

North America Immersion Cooling Market (by Product), $Million, 20212027 ................................................................................................................... 75

4.2.4 North America (by Country) ....................................................................... 76 4.2.4.1

U.S. .................................................................................................................... 76

4.2.4.1.1

Market ...................................................................................................................... 76

4.2.4.1.1.1 Buyer Attributes ................................................................................................ 76 4.2.4.1.1.2 Key Immersion Cooling Providers in the U.S. .................................................. 77 4.2.4.1.1.3 Business Challenges ........................................................................................ 77 4.2.4.1.1.4 Business Drivers ............................................................................................... 77

4.2.4.2

Canada .............................................................................................................. 77

4.2.4.2.1

Market ...................................................................................................................... 77

4.2.4.2.1.1 Buyer Attributes ................................................................................................ 77 4.2.4.2.1.2 Key Immersion Cooling Providers in Canada ................................................... 78 4.2.4.2.1.3 Business Challenges ........................................................................................ 78 4.2.4.2.1.4 Business Drivers ............................................................................................... 78

4.2.4.3

Mexico ............................................................................................................... 78

4.2.4.3.1

Market ...................................................................................................................... 79

4.2.4.3.1.1 Buyer Attributes ................................................................................................ 79 4.2.4.3.1.2 Key Immersion Cooling Providers in Mexico .................................................... 79 4.2.4.3.1.3 Business Challenges ........................................................................................ 79 4.2.4.3.1.4 Business Drivers ............................................................................................... 79

4.3

Europe .............................................................................................................. 81

4.3.1.1

Business Challenges ......................................................................................... 81

4.3.1.2

Business Drivers ................................................................................................ 81

4.3.2 Application ................................................................................................... 82 4.3.2.1

Europe Immersion Cooling Market (by Application), $Million, 2021-2027 ......... 82

4.3.3 Product ......................................................................................................... 82 4.3.3.1

Europe Immersion Cooling Market (by Product), $Million, 2021-2027 .............. 82

4.3.4 Europe (by Country) .................................................................................... 83 6 All rights reserved at BIS Research Inc.

IMMERSION COOLING MARKET

4.3.1 Market ........................................................................................................... 81

4.3.4.1

Germany ............................................................................................................ 83

4.3.4.1.1

Market ...................................................................................................................... 84

4.3.4.1.1.1 Buyer Attributes ................................................................................................ 84 4.3.4.1.1.2 Key Immersion Cooling Providers in Germany ................................................ 84 4.3.4.1.1.3 Business Challenges ........................................................................................ 84 4.3.4.1.1.4 Business Drivers ............................................................................................... 85

4.3.4.2

France................................................................................................................ 85

4.3.4.2.1

Market ...................................................................................................................... 86

4.3.4.2.1.1 Buyer Attributes ................................................................................................ 86 4.3.4.2.1.2 Key Immersion Cooling Providers in France .................................................... 86 4.3.4.2.1.3 Business Challenges ........................................................................................ 86 4.3.4.2.1.4 Business Drivers ............................................................................................... 86

4.3.4.3

Spain.................................................................................................................. 86

4.3.4.3.1

Market ...................................................................................................................... 87

4.3.4.3.1.1 Buyer Attributes ................................................................................................ 87 4.3.4.3.1.2 Key Immersion Cooling Providers in Spain ...................................................... 87 4.3.4.3.1.3 Business Challenges ........................................................................................ 87 4.3.4.3.1.4 Business Drivers ............................................................................................... 87

4.3.4.4

Netherlands ....................................................................................................... 88

4.3.4.4.1

Market ...................................................................................................................... 88

4.3.4.4.1.1 Buyer Attributes ................................................................................................ 88 4.3.4.4.1.2 Key Immersion Cooling Providers in the Netherlands ...................................... 88 4.3.4.4.1.3 Business Challenges ........................................................................................ 89

4.3.4.5

Rest-of-Europe .................................................................................................. 89

4.3.4.5.1

Market ...................................................................................................................... 90

4.3.4.5.1.1 Buyer Attributes ................................................................................................ 90 4.3.4.5.1.2 Key Immersion Cooling Providers in Rest-of-Europe ....................................... 90 4.3.4.5.1.3 Business Challenges ........................................................................................ 90 4.3.4.5.1.4 Business Drivers ............................................................................................... 90

4.4

U.K. ................................................................................................................... 92 7

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4.3.4.4.1.4 Business Drivers ............................................................................................... 89

4.4.1 Market ........................................................................................................... 93 4.4.1.1

Buyer Attributes ................................................................................................. 93

4.4.1.2

Key Immersion Cooling Providers in the U.K. .................................................... 93

4.4.1.3

Business Challenges ......................................................................................... 93

4.4.1.4

Business Drivers ................................................................................................ 93

4.4.2 Application ................................................................................................... 94 4.4.2.1

U.K. Immersion Cooling Market (by Application), $Million, 2021-2027 .............. 94

4.4.3 Product ......................................................................................................... 94 4.4.3.1

4.5

U.K. Immersion Cooling Market (by Product), $Million, 2021-2027 ................... 94

China ................................................................................................................. 96

4.5.1 Market ........................................................................................................... 97 4.5.1.1

Buyer Attributes ................................................................................................. 97

4.5.1.2

Key Immersion Cooling Providers in China ....................................................... 97

4.5.1.3

Business Challenges ......................................................................................... 97

4.5.1.4

Business Drivers ................................................................................................ 97

4.5.2 Application ................................................................................................... 98 4.5.2.1

China Immersion Cooling Market (by Application), $Million, 2021-2027 ........... 98

4.5.3 Product ......................................................................................................... 98 4.5.3.1

4.6

China Immersion Cooling Market (by Product), $Million, 2021-2027 ................ 98

Asia-Pacific and Japan .................................................................................. 100

4.6.1.1

Business Challenges ....................................................................................... 101

4.6.1.2

Business Drivers .............................................................................................. 101

4.6.2 Application ................................................................................................. 101 4.6.2.1

Asia-Pacific and Japan Immersion Cooling Market (by Application), $Million, 2021-2027 ......................................................................................... 101

4.6.3 Product ....................................................................................................... 102 4.6.3.1

Asia-Pacific and Japan Immersion Cooling Market (by Product), $Million, 2021-2027........................................................................................................ 102 8

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4.6.1 Market ......................................................................................................... 101

4.6.4 Asia-Pacific and Japan (by Country) ....................................................... 102 4.6.4.1

India ................................................................................................................. 102

4.6.4.1.1

Market .................................................................................................................... 103

4.6.4.1.1.1 Buyer Attributes .............................................................................................. 103 4.6.4.1.1.2 Key Immersion Cooling Providers in India...................................................... 103 4.6.4.1.1.3 Business Challenges ...................................................................................... 104 4.6.4.1.1.4 Business Drivers ............................................................................................. 104

4.6.4.2

Taiwan ............................................................................................................. 104

4.6.4.2.1

Market .................................................................................................................... 104

4.6.4.2.1.1 Buyer Attributes .............................................................................................. 104 4.6.4.2.1.2 Key Immersion Cooling Providers in Taiwan .................................................. 105 4.6.4.2.1.3 Business Challenges ...................................................................................... 105 4.6.4.2.1.4 Business Drivers ............................................................................................. 105

4.6.4.3

Singapore ........................................................................................................ 105

4.6.4.3.1

Market .................................................................................................................... 106

4.6.4.3.1.1 Buyer Attributes .............................................................................................. 106 4.6.4.3.1.2 Key Immersion Cooling Providers in Singapore ............................................. 106 4.6.4.3.1.3 Business Challenges ...................................................................................... 106 4.6.4.3.1.4 Business Drivers ............................................................................................. 106

4.6.4.4

Japan ............................................................................................................... 107

4.6.4.4.1

Market .................................................................................................................... 107

4.6.4.4.1.1 Buyer Attributes .............................................................................................. 107 4.6.4.4.1.2 Key Immersion Cooling Providers in Japan.................................................... 108

4.6.4.4.1.4 Business Drivers ............................................................................................. 108

4.6.4.5

Australia ........................................................................................................... 108

4.6.4.5.1

Market .................................................................................................................... 109

4.6.4.5.1.1 Buyer Attributes .............................................................................................. 109 4.6.4.5.1.2 Key Immersion Cooling Providers in Australia ............................................... 109 4.6.4.5.1.3 Business Challenges ...................................................................................... 109 4.6.4.5.1.4 Business Drivers ............................................................................................. 109 9 All rights reserved at BIS Research Inc.

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4.6.4.4.1.3 Business Challenges ...................................................................................... 108

4.6.4.6

Rest-of-Asia-Pacific and Japan ....................................................................... 110

4.6.4.6.1

Market .................................................................................................................... 110

4.6.4.6.1.1 Buyer Attributes .............................................................................................. 110 4.6.4.6.1.2 Key Immersion Cooling Providers in Rest-of-Asia-Pacific and Japan ............ 110 4.6.4.6.1.3 Business Challenges ...................................................................................... 110 4.6.4.6.1.4 Business Drivers ............................................................................................. 111

4.7

Rest-of-the-World .......................................................................................... 113

4.7.1 Market ......................................................................................................... 113 4.7.1.1

Buyer Attributes ............................................................................................... 113

4.7.1.2

Business Challenges ....................................................................................... 113

4.7.1.3

Business Drivers .............................................................................................. 114

4.7.2 Application ................................................................................................. 114 4.7.2.1

Rest-of-the-World Immersion Cooling Market (by Application), $Million, 2021-2027........................................................................................................ 114

4.7.3 Product ....................................................................................................... 114 4.7.3.1

Rest-of-the-World Immersion Cooling Market (by Product), $Million, 20212027 ................................................................................................................. 114

4.7.4 Rest-of-the-World (by Country) ................................................................ 115 4.7.4.1

Middle East and Africa ..................................................................................... 115

4.7.4.1.1

Market .................................................................................................................... 116

4.7.4.1.1.1 Buyer Attributes .............................................................................................. 116 4.7.4.1.1.2 Key Immersion Cooling Providers in Middle East and Africa ......................... 116 4.7.4.1.1.3 Business Challenges ...................................................................................... 116

4.7.4.2

South America ................................................................................................. 117

4.7.4.2.1

Market .................................................................................................................... 117

4.7.4.2.1.1 Buyer Attributes .............................................................................................. 117 4.7.4.2.1.2 Key Immersion Cooling Providers in South America ...................................... 117 4.7.4.2.1.3 Business Challenges ...................................................................................... 117 4.7.4.2.1.4 Business Drivers ............................................................................................. 118 10 All rights reserved at BIS Research Inc.

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4.7.4.1.1.4 Business Drivers ............................................................................................. 116

5.

List of Key Companies ............................................................. 119

6.

Research Methodology ............................................................. 122 6.1

Data Sources .................................................................................................. 122

6.1.1 Primary Data Sources ............................................................................... 122 6.1.2 Secondary Data Sources .......................................................................... 122 6.1.3 Data Triangulation ..................................................................................... 123 6.2

Market Estimation and Forecast ................................................................... 124

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6.2.1 Factors for Data Prediction and Modelling ............................................. 124

List of Figures Figure 1:

Global Immersion Cooling Market, $Million, 2021-2027

Figure 2:

Market Drivers and Challenges in the Global Immersion Cooling Market

Figure 3:

Global Immersion Cooling Market (by Technology), $Million, 2021-2027

Figure 4:

Global Immersion Cooling Market (by Application), $Million, 2021-2027

Figure 5:

Global Immersion Cooling Market (by Region), $Million, 2021

Figure 6:

Immersion Cooling Market Coverage

Figure 7:

Monthly Expenditures by Data Centers on Cooling Servers

Figure 8:

Key Performance Indicators for Data Centers

Figure 9:

Power Usage Efficiency Comparison

Figure 10: Requirements for Retrofitting a Data Center Figure 11: Water Consumption by Leading Cloud Service Providers Figure 12: Share of Key Market Strategies and Developments, 2019-2022 Figure 13: Product Development and Innovation (by Company), 2019-2022 Figure 14: Business Expansion (by Company), 2019-2022 Figure 15: Partnerships, Collaborations, and Joint Ventures (by Company), 2019-2022 Figure 16: Estimated World Population and Number of Smart Devices Connected to the Internet, 2022-2025 Figure 17: Number of Cryptocurrencies Worldwide, 2013-2022 Figure 18: Single-Phase Immersion Cooling System Diagram Figure 19: Two-Phase Immersion Cooling System Diagram Figure 20: Year-Wise Patents Filed or Granted for Data Center Liquid Cooling January 2017-April 2022 Figure 21: Patents by Patent Objective 2017- April 2022 Figure 22: Patent Analysis, (by Patent Office), January 2017-April 2022 Figure 23: Patent Analysis, (by Organization), January 2017-April 2022 Figure 24: Patent Analysis, (by Organization), January 2017-April 2022

Figure 26: Number of Data Centers, January 2022 Figure 27: Data Triangulation Figure 28: Top-Down and Bottom-Up Approach Figure 29: Assumptions and Limitations

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Figure 25: Internet Penetration Rate, (by Region), 2021

List of Tables Table 1:

Data Center Retrofitting Project Lifecycle Stages

Table 2:

Cost Comparison and Payback Periods of Different Cooling Methods, $, April 2022

Table 3:

Key Start-ups and their Role in the Global Immersion Cooling Market

Table 4:

Recent Developments in Major Smart Cities Globally

Table 5:

Recent Developments by Leading Companies Toward Data Center Cooling, 2019-2022

Table 6:

Global Immersion Cooling Market (by Application), $Million, 2021-2027

Table 7:

Comparison between Hydrocarbon Cooling Liquid and Fluorocarbon Cooling Liquid

Table 8:

Comparison between Single-Phase and Two-Phase Immersion Cooling Systems

Table 9:

Global Immersion Cooling Market (by Technology), $Million, 2021 -2027

Table 10: Immersion Cooling Market (by Region), $Million, 2021-2027 Table 11: North America Immersion Cooling Market (by Application), $Million, 2021-2027 Table 12: North America Immersion Cooling Market (by Technology), $Million, 2021-2027 Table 13: North America Immersion Cooling Market (by Country), $Million, 2021-2027 Table 14: Europe Immersion Cooling Market (by Application), $Million, 2021-2027 Table 15: Europe Immersion Cooling Market (by Technology), $Million, 2021-2027 Table 16: Europe Immersion Cooling Market (by Country), $Million, 2021-2027 Table 17: U.K. Immersion Cooling Market (by Application), $Million, 2021-2027 Table 18: U.K. Immersion Cooling Market (by Technology), $Million, 2021-2027 Table 19: China Immersion Cooling Market (by Application), $Million, 2021-2027 Table 20: China Immersion Cooling Market (by Technology), $Million, 2021-2027 Table 21: Asia-Pacific and Japan Immersion Cooling Market (by Application), $Million, 2021-2027 Table 22: Asia-Pacific and Japan Immersion Cooling Market (by Technology), $Million, 2021-2027 Table 23: Asia-Pacific and Japan Immersion Cooling Market (by Country), $Million, 2021-2027 Table 24: Rest-of-the-World Immersion Cooling Market (by Application), $Million, 2021-2027

Table 26: Rest-of-the-World Immersion Cooling Market (by Country), $Million, 2021-2027 Table 27: Key Companies and their Products in the Global Immersion Cooling Market

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Table 25: Rest-of-the-World Immersion Cooling Market (by Technology), $Million, 2021-2027

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