DUBLIN–(BUSINESS WIRE)–The “Global Immersion Cooling Market by Type (Single-Phase and Two-Phase), Application (High-Performance Computing, Edge Computing, Cryptocurrency Mining), Cooling Fluid, Components (Solutions, Services), and Geography – Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
The immersion cooling market is projected to grow from USD 302 million in 2022 to USD 1,710 million by 2030, at a CAGR of 24.2% from 2021 to 2026. Growing number of data centers for applications such as edge computing, cloud computing and cryptocurrency mining brings need for cost-effective and eco-friendly cooling solutions which is expected to drive immersion cooling market.
Advancements in technologies such as artificial intelligence, Internet of Things (IoT), cryptocurrency mining, machine learning, and increased computing power and performance requirements have led to increased server density. This increased server density causes an upsurge in the amount of
