The Immersion Cooling Market is projected to grow from USD 177 million in 2019 to USD 501 million by 2024, at a CAGR of 23.2% from 2019 to 2024. The increasing server rack density & chip density, new IT use cases, such as harsh edge computing environments, and pressure to reduce energy consumption in data center cooling is expected to drive the immersion cooling market.

Browse 61 market data Tables and 33 Figures spread through 127 Pages and in-depth TOC on "Immersion Cooling Market by Type (Single-Phase and Two-Phase), Application (High Performance Computing, Edge Computing, Cryptocurrency Mining), Cooling Fluid Type (Mineral Oil, Synthetic Oil, Fluorocarbon Based), Geography - Global Forecast to 2024".

Submer Technologies is launching advanced products by providing liquid immersion cooling solutions in Europe and North America. In January 2019, Submer Technologies became a full member of the ETP4HPC, the European Technology Platform for High Performance Computing (HPC). ETP4HPC is an industry-led think-tank composed of European HPC technology stakeholders whose main task is to define research priorities and action plans in the area of HPC technology provision (such as the provision of supercomputing systems). This partnership will enhance the recognition of Submer in the European market.

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In line with the rising demand for immersion cooling technology, in June 2019 DCX – Liquid Cooling Company launched an immersion liquid cooling system for cryptocurrency mining operators. It is a reliable and affordable liquid cooling solution providing energy savings, unparalleled hash rate increase and complete noise, dust, and fire protection. This will help strengthen the company’s product portfolio. In April 2019, the company received the European Union (EU) funded Technical Bridge Grant aimed at the expansion of products and services into the Chinese market. This grant is managed by Polish Investments & Trade Agency which supports both, the foreign development of Polish business and the inflow of Foreign Direct Investment (FDI) into Poland. This is expected to help the company grow in the Asia Pacific market.

Submer Technologies is launching advanced products by providing liquid immersion cooling solutions in Europe and North America. In January 2019, Submer Technologies became a full member of the ETP4HPC, the European Technology Platform for High Performance Computing (HPC). ETP4HPC is an industry-led think-tank composed of European HPC technology stakeholders whose main task is to define research priorities and action plans in the area of HPC technology provision (such as the provision of supercomputing systems). This partnership will enhance the recognition of Submer in the European market.

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