Immersion Cooling Market Trends

Growth Drivers

• Increasing Demand for Cryptocurrency Mining and Blockchain Systems – The increasing generation of digital data among various networks with the growing use of computing services and the necessity for storage of this data is poised to augment the immersion cooling market growth in blockchain systems. The rising cryptocurrency investments such as Bitcoin are also driving the global demand for the market. The worldwide expenditure of people on blockchain solutions as of 2022 was estimated to reach USD 11 billion with more than 750,000,000 net transactions on blockchain.com.
• Rising Adoption of Immersion Coolers by Software Organizations – Liquid cooling is a more efficient and effective way to decrease energy cost and heat production in data centers to enhance computing speed. The increased need for high cooling capacity in the Internet of Things and other cloud servers is augmenting the immersion cooling market demand.
• Growing Preference to Reduce Carbon Emissions in the Environment – Sustainability is the new choice of industries to reduce environmental damage and liquid cooling is one among them. Unlike conventional cooling methods, liquid cooling utilizes less electricity, and water released zero carbon emissions. Additionally, the recycled heat from the systems is sold or used for other applications which prevent global warming thereby increasing the immersion cooling market growth.

Challenges

• Increased Use of Air Conditioners and Air Coolers – Air coolers are the traditional method of cooling systems with the exchange of hot air with cool air. The removal cost of HVAC ducts and air cooler systems from the organizations is expensive which hinders the immersion cooling market growth. Also, the air-cooling systems do not require any special skills to use as immersion cooling fluids which makes it complicated to adopt in old organizations. The presence of air coolers in the industry is from decades that gained traction and it requires time for immersion cooling to gain trust which is limiting its growth.
• Fluid Leakage Issues of Immersion Cooling
• High Capital Investment and Complex Installation Process