Immersion Cooling Fluids Market : Industry Trends, Growth And Forecast 2023 To 2032 | Submer Technologies SL, 3M Company, Cargill Incorporated, Castrol Limited, Fuchs Petrolub SE

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Immersion Cooling Fluids Global Market Report 2023 identifies growing demand for data centers as the major driver for the Immersion Cooling Fluids market's growth in the forecast period. A data center is a huge group of linked computer servers that businesses typically employ for the distant processing, archiving, or transport of massive amounts of data. The growing demand for data centers creates an increased use of immersion cooling fluid, which is used in data centers to directly submerge the IT gear in a non-conductive liquid for cooling purposes. For instance, according to the International Energy Agency (IEA), a Paris-based autonomous intergovernmental organization, the data center workload increased to 650 million in 2021, showing an increase of 260%

The global immersion cooling fluids market size is expected to grow from $1.75 billion in 2022 to $1.90 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The immersion cooling fluids market size is expected to grow to $2.69 billion in 2027 at a CAGR of 9.0%.

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Major competitors in the Immersion Cooling Fluids market are Submer Technologies SL, 3M Company, Cargill Incorporated, Castrol Limited, Fuchs Petrolub SE, Green Revolution Cooling Inc., Honeywell International Inc., M&I Materials Limited, Shell Plc, Solvay SA, The Lubrizol Corporation, Liquid Stack Inc., Asperitas Company, Wiwynn Corporation, and Engineered Fluids Inc.

A key trend in the Immersion Cooling Fluids market includes technological advancement. Major companies operating in the market are developing products with advanced technologies to sustain their position in the immersion cooling fluids market. For instance, in May 2020, Shell, a US-based oil company, and Asperitas, a Netherlands-based cooling solutions company, launched Shell Immersion Cooling Fluid S5 X. Shell's gas-to-liquids technology is used to create the synthetic, single-phase immersion cooling fluid Shell Immersion Cooling Fluid S5 X from gas. It is optimized for Asperitas' immersion cooling systems that employ natural convection, but it can also be used for other suppliers' pumps or forced circulation systems.

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The Immersion Cooling Fluids market is segmented -
By Technology: Single-Phase Immersion Cooling, Two-Phase Immersion Cooling

By Cooling Fluid: Mineral Oil, Synthetic Fluids, Fluorocarbon-Based Fluids, Other Cooling Fluid

By Application: High-performance Computing, Edge Computing, Cryptocurrency Mining, Artificial Intelligence, Other Application

By End User: Transformers, Data Centers, EV Batteries, Solar Photovoltaic

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Immersion Cooling Fluids market.

The Business Research Company's "Global Immersion Cooling Fluids Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Immersion Cooling Fluids Market Include:
1. Executive Summary
2. Immersion Cooling Fluids Market Characteristics
3. Immersion Cooling Fluids Market Trends And Strategies
4. Immersion Cooling Fluids Market - Macro Economic Scenario
5. Immersion Cooling Fluids Market Size And Growth
……
26. Africa Immersion Cooling Fluids Market
27. Immersion Cooling Fluids Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Immersion Cooling Fluids Market
29. Immersion Cooling Fluids Market Future Outlook and Potential Analysis
30. Appendix

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