What Has Been the Progress and Growth of the Immersion Cooling Fluids Market in Recent Years?
The immersion cooling fluids market has seen considerable growth due to a variety of factors.
• There has been significant growth in the size of the immersion cooling fluids market in recent years. This market, which was valued at $2.05 billion in 2024, is projected to expand to $2.23 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.8%.
The remarkable growth during the historical period can be attributed to several factors including higher power density in data centers, surge in energy costs, emphasis on eco-friendly data centers, massive increase in data storage, and a rise in cloud computing.
How Will The Immersion Cooling Fluids Market Size Evolve In The Foreseeable Future?
The immersion cooling fluids market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for immersion cooling fluids is anticipated to experience rapid expansion in the upcoming years. It is projected to increase to $3.34 billion in 2029, reflecting a compound annual growth rate (CAGR) of 10.5%.
The anticipated growth during this period can be attributed to factors like the enhanced adoption of 5G technology, a heightened focus on energy recovery, the spread of Internet of Things (IoT), a surge in quantum computing applications and increased partnerships among tech firms. The forecast period is also expected to see major trends such as hybrid cooling solutions, artificial intelligence-guided management systems, bespoke immersion cooling solutions, solutions that require no maintenance, and an emphasis on aesthetics and design.
What Are the Critical Driver Fuelling the Immersion Cooling Fluids Market's Growth?
The immersion cooling fluids market is projected to expand due to the escalating requirement for data centers. Data centers, comprising an extensive network of connected computer servers, are generally utilized by corporations for remote data processing, storage, or transfer in significant amounts. This surge in need for data centers results in greater usage of immersion cooling fluid, which is employed within data centers to directly immerse IT equipment in a non-conductive liquid for cooling requirements. For instance, investors' interest in new data center creation by CBRE Group Inc., a real estate firm based in the US, was 40% in 2022, rose to 66% in 2023, and reached 80% in 2024. Consequently, the increasing demand for data centers is fuelling the growth of the immersion cooling fluids market.
What Are The Core Segments Of The Globa Immersion Cooling Fluids Market?
The immersion cooling fluids market covered in this report is segmented –
1) By Technology: Single-Phase Immersion Cooling, Two-Phase Immersion Cooling
2) By Cooling Fluid: Mineral Oil, Synthetic Fluids, Fluorocarbon-Based Fluids, Other Cooling Fluid
3) By Application: High-performance Computing, Edge Computing, Cryptocurrency Mining, Artificial Intelligence, Other Application
4) By End User: Transformers, Data Centers, EV Batteries, Solar Photovoltaic
Subsegments:
1) By Single-Phase Immersion Cooling: Mineral Oil-Based Fluids, Synthetic Fluids, Water-Based Fluids
2) By Two-Phase Immersion Cooling: Fluorinated Fluids, Novec And Similar Fluids, Phase Change Materials (PCMs)
Pre-Book The Immersion Cooling Fluids Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Trends Are Reshaping The Immersion Cooling Fluids Market?
Leading corporations in the immersion cooling fluids industry, such as ExxonMobil Corporation, are introducing innovative products like data center immersion cooling fluids to bolster market profitability. These fluids are specialized concoctions created to dissipate the heat from electronic components by way of direct submersion, which represents a novel and practical cooling solution for contemporary data center setups. For example, in October 2023, ExxonMobil Corporation, a natural gas entity based in the USA, presented new immersion fluid products tailored for data centers. The recently introduced product, including synthetic and non-synthetic types, highlights various features for effective heat distribution in IT systems. They also offer low viscosity which improves energy efficiency and scales down the cumulative ownership expenditure by nearly 40%, leading to substantial capital outlay and operation savings. Being compatible with a variety of materials, these fluids ensure an extended equipment life cycle and peak performance. This technology benefits by reducing Power Usage Effectiveness which is an essential data center indicator, surpassing conventional air-cooling techniques and facilitates better rack density with lessened energy and water usage.
Who Are the Key Players in the Immersion Cooling Fluids Market?
Major companies operating in the immersion cooling fluids market include:
• ExxonMobil Corporation
• Shell plc
• Cargill Incorporated
• Honeywell International Inc.
• 3M Company
• Fujitsu Limited
• Asperitas Company
• Liquid Stack Inc.
• Solvay SA
• The Lubrizol Corporation
• Submer Technologies SL
• CoolIT Systems Inc.
• Castrol Limited
• Fuchs Petrolub SE
• Clustered Systems Co.
• Iceotope Limited
• Cooltera Inc.
• Asetek A/S
• Green Revolution Cooling Inc.
• M&I Materials Limited
• Allied Control Limited
• LiquidCool Solutions Inc.
• Ebullient Inc.
• Midas Green Technologies LLC
• Engineered Fluids Inc.
• ExaScaler Inc.
• DCX Liquid Cooling Systems
What are the Regional Insights into the Immersion Cooling Fluids Market?
Asia-Pacific was the largest region in the immersion cooling fluids market in 2024. Asia-Pacific is expected to be the fastest-growing region in the immersion cooling fluids market report during the forecast period. The regions covered in the immersion cooling fluids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
