Immersion Cooling Market Is Driven by Surging Number of Data Centres
Immersion Cooling Market Is Driven by Surging Number of Data Centres
Blog Article
The immersion cooling market is witnessing growth and is projected to reach USD 1,855.1 million by 2030. The growth in the count of data centers, the making of huge quantity of information, and the fast utilization of cloud services are the major reasons propelling the industry development. Additionally, the growing count of internet operators, increasing smartphone usage, rising utilization of social media, and rising concentration of establishments to shift to data centers from server room situations are other vital industry drivers.
In recent years, the single-phase category had a larger share, of approximately 70%, in the immersion cooling industry revenue. This can be credited to the numerous advantages provided by this method to users.
For example, single-phase immersion cooling systems are way more power efficient, easy to use, lucrative, have low-maintenance expenses, and 15-year coolant life. Because of such reasons, the need for such systems in data centers is considerably higher, which is why, this category leads the industry.
The major factor propelling the development of the market is the fast growth in data generation. For example, around 64.2 zettabytes of information were produced in 2020, a 314% surge as compared to 2015. Furthermore, about 2.5 quintillion bytes of data are produced throughout the globe daily. With the extensive acceptance of social media channels and the launch of IoT solutions, around 90% of the worldwide data was generated in the last 4–5 years.
The growing acceptance of progressive technologies has caused substantial growth in temp within data center infrastructure and IT equipment. Data centers are progressively seeking plans to efficiently cool their equipment while reducing their ecological effect and advancing their computing capacity. Additionally, the growing count of data centers to fulfill the increasing data requirement and the rising count of end users are propelling the requirement for effective cooling solutions, which, ultimately, fuel the immersion cooling industry development.
In view of the rapidly developing 5G networks, demand for high-definition data centers and cloud computing facilities is extremely high. With this network, high-performance applications such as computing and AI will be viable because of the increased computing capacities provided by 5G. The data center will need to maximize efficiency, reliability, robustness, and security in view of the increasing demand for networks and data.
In recent years, the North American industry generated the largest revenue share, of approximately 40%, worldwide. This is credited to the significant expenditure in research and development in the continent, which is leading to the growth of next-gene amenities that are more effective and technically progressive in terms of power administration. The continent is also house to a huge count of developers of data centers, which is projected to have an optimistic effect on the development of the industry.
Source: P&S Intelligence