SAN FRANCISCO, May 13, 2020
SAN FRANCISCO, May 13, 2020 /PRNewswire/ -- The global immersion cooling market size is projected to reach USD 855.2 million by 2027, registering a CAGR of 22.8% during the forecast period, according to a new report by Grand View Research, Inc. Rising investments in data center infrastructure along with the increasing power consumption are expected to surge the product demand.
Key suggestions from the report:
Read 100 page research report with ToC on "Immersion Cooling Market Size, Share & Trends Analysis Report By Product (Single-phase, Two-phase), By Application (High-performance Computing, Cryptocurrency Mining), By Cooling Liquid, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/immersion-cooling-market
With the rapid development of internet of things (IoT), virtual reality (VR), 5G, artificial intelligence (AI) and the commercial application of the new cutting edge technologies, the demand for information interaction and data processing is increasing which has sped up the construction of new data centers resulting in creating opportunities for product manufacturers in recent times.
Rising investments in single assets and portfolios, increasing capitalization rates for stabilized data centers, an increase in the worldwide spending on public cloud services and infrastructure, and various government initiatives such as "Digital India" are expected to stimulate the demand for immersion cooling systems in the forthcoming years.
Single-phase is expected to maintain its dominance over the forecast period, on account of its low system, tank and coolant cost; high coolant heat capacity; high dielectric strength; high biodegradability, and low environmental impact or Global Warming Potential (GWP) in comparison to two-phase immersion cooling systems.
Grand View Research has segmented the global immersion cooling market based on product, application, cooling liquid, and region:
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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