According to the research report published by Polaris Market Research, the global immersion cooling market was valued at USD 189.7 million in 2021 and is expected to reach USD 990.6 million by 2030, to grow at a CAGR of 22.0% during the forecast period.
Top Key Players:
- DCX - The Liquid Cooling Company
- Dug Technology
The inclination toward the digital economy, coupled with the growing need for cost- and energy-efficient chilling solutions from data centers, are the chief driving factors for the market growth worldwide. In addition, the emergence of Artificial Intelligence (AI) and the Internet of Things (IoT) in the IT sector and rising pressure to decrease energy consumption during data center chilling are further offering various growth prospects to the industry development.
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