The immersion cooling market is projected to grow from USD 0.57 billion in 2025 to USD 2.60 billion by 2032, at a CAGR of 24.2% from 2025 to 2032. The report provides key insights into current immersion cooling market trends, growth drivers, challenges, and opportunities shaping the market landscape. The market is witnessing robust growth worldwide due to the growing applications of immersion cooling technologies in high-performance computing and cryptocurrency mining.
By type, single phase segment to hold significant share of immersion cooling market during forecast period
Single-phase immersion cooling is projected to lead the global immersion cooling market. Scalability is a pivotal factor driving the adoption of single-phase immersion cooling systems. Their modular design enables flexible and scalable deployment, making them well-suited for large-scale data centers and smaller edge computing environments. This adaptability is vital as organizations pursue solutions that can effectively cool a variety of hardware configurations while allowing for future expansion and adjustments in computing infrastructure.
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By application, high-performance computing segment to hold significant share of immersion cooling market during forecast period
The high-performance computing segment is projected to lead the global immersion cooling market during the forecast period. The increasing density of computing hardware, driven by the emergence of advanced processors and accelerators, presents a significant challenge to traditional cooling solutions. Immersion cooling effectively addresses this challenge by delivering uniform and efficient thermal management across highly compact hardware configurations. As a result, an increase in demand for immersion cooling technology is expected in the high-performance computing segment.
By region, North America to account for largest share of immersion cooling market during forecast period
The geographical and climatic diversity throughout North America has significantly impacted the adoption of immersion cooling technologies. Traditional air-based cooling methods often prove less effective and more energy-intensive in regions characterized by elevated ambient temperatures. In contrast, immersion cooling offers uniform and efficient cooling capabilities, irrespective of external temperature fluctuations. This adaptability positions immersion cooling as a compelling solution for data centers across various climates, facilitating its widespread acceptance within the industry.
LiquidStack (Netherlands), Green Revolution Cooling Inc (US), Submer (Spain), Iceotope Technologies Ltd (US), DCX - The Liquid Cooling Company (Poland), Engineered Fluids (US), TIEMMERS (Netherlands), TMGcore, Inc. (US), GIGA-BYTE Technology Co., Ltd. (Taiwan), Wiwynn (Taiwan), Hypertec (Canada), TAS (US), and Delta Power Solutions (Taiwan) are the key players in the immersion cooling market.
Green Revolution Cooling (GRC) is a leader in liquid immersion cooling solutions for data centers. Its patented technology significantly enhances performance, promotes sustainability, and optimizes total cost of ownership (TCO) by replacing traditional power-intensive air-cooling systems. The company’s ICEraQ micro-modular systems deliver high efficiency and reduce capital and operational expenditures by up to 50%.
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Submer is a company that provides immersion cooling solutions for data centers and other IT infrastructure and related hardware. Based in Spain, it is known for developing innovative products designed to be effective and easy-to-operate liquid immersion cooling solutions. Submer uses inorganic and organic growth strategies to cater to prominent end users and gain market share in the immersion cooling market. In June 2021, Submer announced a partnership with ASA Computers, a leading IT solution provider that delivers innovative systems-to-rack solutions.
Asperitas is a high-tech company in the Netherlands specializing in global immersion cooling solutions for sustainable and high-density data centers. The company is known for its AIC24 solution, a self-contained unit designed for high-density CPU and GPU immersion cooling. Asperitas’ immersion cooling technology, called Immersed Computing, utilizes natural convection for high-density data centers, enabling sustainability and high performance.
LiquidStack is one of the leaders in liquid immersion cooling for data centers, telecommunications, and blockchain systems. The company provides innovative and sustainable liquid cooling solutions with high performance, compactness, and energy efficiency. Its immersion cooling technology is designed to overcome the cooling crisis through unmatched heat rejection and efficiency. In September 2023, LiquidStack announced the launch of its new prefabricated modular solutions, MicroModular and MegaModular, which are compact, high-density, and designed for the most rugged environments.
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Midas Immersion Cooling, a spin-off of Midas Networks, Inc., is dedicated to delivering eco-friendly and high-efficiency cooling solutions for data centers. The company specializes in single-phase immersion cooling systems that significantly reduce cooling costs by up to 90% while maximizing server density and eliminating the carbon footprint. Its product portfolio includes the Midas XCI series (12U, 50U, and 50C), MIDAS ASICE 2.0 for cryptocurrency applications, and the Midas XCI Containerized Data Center, offering up to 1 MW of compute power per unit. These solutions are designed to manage the high heat loads of modern data center hardware. They are ideal for environments ranging from small telecom stations to remote disaster recovery sites. Midas collaborates with top-tier vendors and solution providers to serve a global customer base and ensure seamless deployment and performance optimization.
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