BANGALORE, India, May 3, 2024 /PRNewswire/ -- Immersion
Cooling Fluids Market is Segmented by Type (Mineral Oil,
Fluorocarbon-Based Fluids, Synthetic Fluids, Others), by
Application (Transformers, Data Centers, EV Batteries, Solar
Photovoltaic): Global Opportunity Analysis and Industry Forecast,
2024-2030.
The global Immersion Cooling Fluids market was valued at
USD 1864 million in 2023 and is
anticipated to reach USD 3277 million
by 2030, witnessing a CAGR of 8.3% during the forecast period
2024-2030.
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Major Factors Driving the Growth of Immersion Cooling Fluids
Market:
The increasing need for effective cooling solutions in data
centers, high-performance computing (HPC), and other electronics
applications is driving the expansion of the immersion cooling
fluids market. When compared to conventional air cooling
techniques, immersion cooling fluids provide better thermal
management capabilities, allowing for increased power densities,
lower energy costs, and improved dependability. Immersion cooling
fluids are becoming more and more necessary to properly dissipate
heat, optimize performance, and extend the lifespan of electronic
components as a result of the growing adoption of advanced
technologies like artificial intelligence, 5G networks, and
cryptocurrency mining. This is fueling the growth of the
market.
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TRENDS INFLUENCING THE GROWTH OF IMMERSION COOLING FLUIDS
MARKET
The market for immersion cooling fluids is expanding due in
large part to the growing need for effective thermal management
solutions in data centers. With the increasing volume of digital
data, data centers are becoming more complicated and large-scale,
making traditional air cooling technologies less efficient and
economical. The exceptional heat dissipation qualities of immersion
cooling fluids, such as mineral oil, fluorocarbon-based fluids, and
synthetic fluids, allow data center operators to increase cooling
efficiency, lower energy consumption, and reach higher power
densities.
The demand for improved performance in high-power applications
like processing artificial intelligence (AI), mining
cryptocurrencies, and high-performance computing (HPC) is what is
driving the development of immersion cooling fluids. These
applications produce large amounts of heat, which, if not properly
handled, can deteriorate performance and dependability. Compared to
conventional air cooling techniques, immersion cooling fluids offer
a more effective heat transfer mechanism, allowing electronics to
function at ideal temperatures and reach greater performance and
reliability levels.
The market for immersion cooling fluids is expected to increase
due in large part to energy efficiency, especially in applications
like data centers and solar photovoltaic systems where energy
consumption is a major concern. When compared to air cooling
techniques, immersion cooling fluids provide more effective heat
transfer, which lowers the amount of energy needed for cooling. The
adoption of immersion cooling systems across a range of sectors is
fueled by enterprises' ability to satisfy sustainability goals,
limit environmental impact, and minimize operating costs via the
optimization of energy efficiency.
Because immersion cooling fluids maintain ideal working
temperatures and lessen thermal stress, they contribute to an
extended lifespan for electronic components. In applications
requiring high power densities, such as transformers and electric
vehicle (EV) batteries, high temperatures can hasten component
deterioration and cause early failure. By efficiently dispersing
heat and averting hot spots, immersion cooling fluids increase the
lifespan of electronic components and lower equipment operators'
maintenance expenses.
Immersion cooling fluids' adaptability and compatibility with a
wide range of applications support the market expansion of
different sectors. Immersion cooling systems may be tailored to fit
the unique needs of a variety of applications, such as solar PV
installations, data centers, transformers, and EV batteries.
Immersion cooling solutions' affordability and possible return
on investment (ROI) are major drivers propelling the market's
expansion, especially in applications where operating cost
reductions and energy efficiency are crucial variables. Immersion
cooling systems offer long-term cost advantages through lower
energy usage, less maintenance requirements, and longer equipment
lifespan, even though they may require an initial investment in
infrastructure and equipment. Immersion cooling fluids are an
appealing choice for enhancing thermal management in a variety of
applications as businesses that engage in these solutions can
realize considerable returns on their investment over the course of
their operations.
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IMMERSION COOLING FLUIDS MARKET SHARE ANALYSIS
Companies are keen to adopt new technology, and Asia-Pacific is a hub for technological
advancement. Immersion cooling is a relatively novel and inventive
technique that may gain traction as companies try to optimize their
data center operations. The governments in the Asia-Pacific area are showing an increasing
amount of interest in promoting energy-saving and ecologically
friendly projects. The adoption of immersion cooling might be
impacted by laws and incentives with a sustainability focus.
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Key Players:
- Shell
- 3M
- Fuchs
- MIVOLT
- Engineered Fluids
- Solvay S A
- AGC
- Fluorez Technology
- Winboth
- Noah Fluorochemicals
- Subser
- Opteon
- Nynas
- Ergon
- Chemours
- Castrol
- Dober
- LANXESS
- M&l Materials
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million in 2023 and is anticipated to reach USD 2399.8 million by 2030, witnessing a CAGR of
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anticipated to reach USD 57 million
by 2030, witnessing a CAGR of 6.0% during the forecast period
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- The global Dielectric Fluid market is projected to
reach USD 847.7 million in 2029,
increasing from USD 547 million in
2022, with the CAGR of 5.9% during the period of 2023 to 2029.
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