The global data center liquid immersion cooling market was valued at $297.6 million in 2017 and is projected to show a CAGR of 35.3% over the 8-year forecast period (2018–2026), according to Coherent Market Insights’ new market report being published.
A fast-paced adoption of data center liquid immersion cooling is attributed to increasing adoption of cloud-based technology by various organizations, globally. According to Coherent Market Insights’ analysis, it is estimated that by 2021, 94% of the workloads will be processed by cloud-based data centers, up from 83% in 2016. By 2021, only 6% of workloads are expected to be processed by conventional data centers compared to 17% in 2016.
Some of the major players operating in the global data center liquid immersion cooling market include Rittal, Schneider Electric, IBM, Alfalava, Asetek, CoolIT Systems, Green Data Center, Green Revolution Cooling, Asperitas, Submer Technologies, Horizon Computing Solutions, and Midas Green Technologies.
Increasing investment in data center infrastructure, in general, is also a major factor adding to this growth of the data center liquid immersion cooling market. In addition to this, a rising number of hyperspectral data centers have also accelerated demand for data center liquid immersion cooling on a globally.