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Immersion Cooling Market to grow by USD 988 Million (2024-2028), driven by rising data center investments, Report on how AI drives market transformation – Technavio

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NEW YORK, Dec. 4, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global immersion cooling market  size is estimated to grow by USD 988 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  28.62%  during the forecast period. Increasing investments in data centers is driving market growth, with a trend towards emergence of advanced technologies. However, lack of demand and awareness  poses a challenge. Key market players include Aecorsis BV, Bitfury Group Ltd., Comfort Systems USA Inc., DCX The Liquid Cooling Co., Delta Electronics Inc., DUG Technology Ltd., Engineered Fluids Inc., Furukawa Electric Co. Ltd., Gigabyte Technology Co. Ltd., Green Revolution Cooling Inc., Iceotope Technologies Ltd., LiquidCool Solutions, LiquidStack B.V., Midas Immersion Cooling, PEZY Computing KK, SixtyOneC, Submer Technologies SL, TEIMMERS, TMGcore Inc., and Wiwynn Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Single-phase immersion cooling and Two-phase immersion cooling), Application (High-performance computing, Edge computing, and Cryptocurrency mining), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Aecorsis BV, Bitfury Group Ltd., Comfort Systems USA Inc., DCX The Liquid Cooling Co., Delta Electronics Inc., DUG Technology Ltd., Engineered Fluids Inc., Furukawa Electric Co. Ltd., Gigabyte Technology Co. Ltd., Green Revolution Cooling Inc., Iceotope Technologies Ltd., LiquidCool Solutions, LiquidStack B.V., Midas Immersion Cooling, PEZY Computing KK, SixtyOneC, Submer Technologies SL, TEIMMERS, TMGcore Inc., and Wiwynn Corp.

Key Market Trends Fueling Growth

The Immersion Cooling Market is experiencing significant growth due to the trend towards energy-efficient solutions for data centers. This cooling method offers cost advantages by reducing operational expenditures through lower energy consumption. With the increase in complex algorithms, heat generation is a major concern for data centers, particularly in cryptocurrency mining and blockchain technologies. Immersion cooling maintains optimal temperatures, saving energy costs and increasing efficiency, leading to improved mining power and hardware longevity. Leakage and water usage are concerns, but immersion cooling offers improved performance and reliability. Data center operators seek energy savings and reduced maintenance costs, making immersion cooling an attractive infrastructure solution. The market includes tanks, pumps, and heat exchangers, with single-phase systems offering simplicity and energy-saving capabilities. The Artificial Intelligence segment, including high-performance computing, AI applications, and intense learning models, benefits from immersion cooling’s power density handling and thermal conductivity. The Synthetic fuels segment offers versatility and customization for various hardware configurations. Industry dynamics, including digital transformation, cloud services, and AI-driven applications, require low-energy solutions. Immersion cooling’s cooling fluids, such as synthetic fuels, offer stability and compatibility with various hardware components. Data center infrastructure, digital solutions, and electronics industries are adopting immersion cooling for its energy efficiency and IoT capabilities. The market’s scalability and compatibility with various industries, from hospitals and schools to heavy electronics devices, make it a valuable solution for the global workforce and e-commerce sector. Government policies and stringent laws are driving the demand for low-energy solutions, and immersion cooling is a viable alternative to traditional air conditioning systems. The market’s future lies in its ability to adapt to changing lifestyle trends and capital costs, making it a valuable investment for Managed Service Providers. 

The adoption of advanced technologies like machine learning, artificial intelligence, and blockchain is on the rise, requiring more powerful hardware such as tensor processing units (TPUs) and graphics processing units (GPUs). These hardware accelerators generate high thermal loads and can cause power usage in a rack during new workloads. Traditional air-cooling methods struggle to manage these high-density workloads effectively. As densities increase beyond 25-30 kW per rack, immersion cooling has become an increasingly popular solution for managing these workloads efficiently. This cooling method submerges the IT equipment in a non-conductive liquid, allowing for direct contact between the cooling liquid and the components, resulting in more efficient cooling and higher power density. Several service providers are offering immersion cooling solutions tailored to high-density workloads, making it an attractive option for businesses seeking to optimize their data center operations. 

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Market Challenges

The Immersion Cooling Market is experiencing significant growth due to the increasing demand for energy-efficient solutions in data centers. With the rise of energy-intensive applications such as cryptocurrency mining and blockchain technologies, the need for lower energy consumption and optimal temperatures becomes crucial. Data center operators are turning to immersion cooling to reduce energy costs and increase efficiency, leading to longer hardware lifetimes and improved mining power. However, challenges such as leakage, water usage, and heat dissipation must be addressed. The market caters to various sectors, including high-performance computing, artificial intelligence, and healthcare, offering versatility and customization through single-phase systems and cooling fluids. The simplicity and energy-saving capabilities of immersion cooling make it an attractive option for digital transformation, cloud services, and IoT functionality. The market’s scalability and ability to handle intense learning models and power densities make it a valuable investment for managed service providers and industries undergoing capital costs and hardware modification. The future of immersion cooling lies in its ability to adapt to changing industry dynamics, stringent laws, and the growing demand for low-energy solutions in home technologies.ImmerSION cooling systems have gained attention in the IT industry for enhancing infrastructure performance in data centers. Although it’s a developing technology, its impact on conventional IT facilities is minimal due to concerns about potential malfunctions from submerging electronic components in dielectric liquids. Skepticism persists among data center operators. However, immersion cooling has proven beneficial for high-performance computing, cryptocurrency mining, artificial intelligence, machine learning, and data mining applications. Despite these advantages, the adoption rate remains limited due to the perceived risks.

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Segment Overview 

This immersion cooling market report extensively covers market segmentation by

Type 1.1 Single-phase immersion cooling1.2 Two-phase immersion coolingApplication 2.1 High-performance computing2.2 Edge computing2.3 Cryptocurrency miningGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Single-phase immersion cooling-  The single-phase immersion cooling market witnessed significant growth in 2020, with this cooling method leading the market. In single-phase immersion cooling, IT components and systems are submerged in a hydrocarbon-based dielectric fluid, which absorbs the heat produced and is circulated around a chassis or tank to dissipate it. The coolant, a Newtonian fluid, remains in the liquid phase and is circulated using inexpensive, off-the-shelf hoses, pumps, and pipes. Cooling is achieved through standard dry coolers, radiators, or heat exchangers. Single-phase immersion cooling offers simplicity, easier operations, upfront affordability, and lower maintenance. The technology’s cost-effectiveness and energy efficiency are driving its demand, which is expected to continue rising. As consumers become more aware of the tradeoffs between two-phase and single-phase immersion, the demand for single-phase immersion cooling is projected to increase substantially during the forecast period. The single-phase immersion cooling segment’s substantial growth rate underscores its potential as a leading cooling solution in the data center industry.

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Research Analysis

The Immersion Cooling market is witnessing significant growth due to the increasing demand for energy-efficient solutions in various sectors. Immersion cooling offers cost advantages by reducing operational expenditures through lower energy consumption. This cooling technology is gaining popularity in data centers, especially those used for cryptocurrency mining and blockchain technologies, which generate large amounts of heat. The IoT capabilities of immersion cooling make it an ideal solution for cloud computing infrastructure in hyper-scale data centers. The global workforce’s increasing reliance on digital solutions for work and personal use is driving the demand for immersion cooling. The technology’s ability to cool IT components directly, including complex algorithms, is a significant advantage. The industry dynamics are influenced by the changing lifestyle, stringent laws, and the growing importance of capital costs. Hardware modification and Managed Service Providers are also contributing to the market’s growth. Single-phase immersion cooling systems are gaining traction in industries such as schools, electronics, and industry dynamics. The technology’s ability to reduce energy consumption and capital costs makes it an attractive option for various sectors, including e-commerce and IT components.

Market Research Overview

The Immersion Cooling Market is experiencing significant growth due to the increasing demand for energy-efficient solutions in various sectors. Immersion cooling offers cost advantages by reducing operational expenditures through lower energy consumption. This cooling technology is particularly beneficial for data centers, cryptocurrency mining, and blockchain technologies that generate vast amounts of heat. By maintaining optimal temperatures, energy costs are minimized, leading to increased efficiency and improved mining power. Immersion cooling also ensures hardware longevity and reliability, making it an attractive option for data center operators. However, concerns around leakage and water usage remain, necessitating the development of synthetic fuels and other heat dissipation solutions. The market is witnessing innovation in areas such as single-phase systems, artificial intelligence, and high-performance computing. Immersion cooling solutions are being adopted in various industries, including hospitals, schools, and digital solutions, as part of the digital transformation and cloud services. The market dynamics are influenced by factors such as changing lifestyle, stringent laws, and the shift towards low-energy solutions. The versatility and customization offered by immersion cooling make it a popular choice for managing service providers and hardware configurations. Key components of immersion cooling systems include tanks, pumps, heat exchangers, and cooling fluids. The market for cooling fluids is segmented into fluorinated fluids, mineral oil, and synthetic fuels. The market is expected to grow significantly in the coming years due to its energy-saving capabilities, scalability, and simplicity. Immigration cooling solutions are also being explored for use in edge computing and migrating policy institutes. The market is expected to continue its growth trajectory, driven by the increasing demand for energy efficiency and the need to manage the thermal throttling of high-performance IT components.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeSingle-phase Immersion CoolingTwo-phase Immersion CoolingApplicationHigh-performance ComputingEdge ComputingCryptocurrency MiningGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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IIFL Capital’s Maiden Late-Stage Private Equity Fund Announces First Close at ~ ₹500 Crore

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October 22, 2026

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IIFL Capital’s Late-Stage Private Equity Fund targets a final close in excess of ₹1,000 crore within nine months from First CloseTwo transactions have already been committed with a pipeline of seven to eight deals under evaluation

MUMBAI, India, Oct. 22, 2026 /PRNewswire/ — IIFL Capital Asset Management Limited, the Asset Management arm of IIFL Capital, today announced that the IIFL Late-Stage Private Equity Fund, the maiden fund of its private equity platform, achieved its first close on 15 September 2026 with aggregate capital commitments of ~ ₹500 crore. The Fund invests in scaled-up, profitable Indian enterprises that are preparing to list on the public markets in the near term.

The Fund is targeting a total corpus of ₹1,000 crore, with a greenshoe option of additional ₹1,000 crore. It will remain open for subscription after the first close and aims to reach its final close within the next nine months. A larger corpus allows the Fund to back high-quality companies operating on a scale, in line with its late-stage, pre-IPO strategy.

The Fund is also evaluating a robust pipeline of opportunities, ranging from term sheet negotiations to transactions under diligence. The pipeline is diversified across integrated security-as-a-service, railway and wind energy components, specialty chemicals, defence equipment, IT-enabled services, pre-engineered buildings and consumer technology.

The Fund follows a clear mandate focused on scaled businesses nearing a public listing. The fund looks at sectors that envisage growth rate of 15%-18% per annum. The investee company should be amongst the top three-five players in its category, should have an EBITDA of at least ₹75-100 crore at investment with the intention to pursue IPO within three years. The average deal size is expected to be ₹50-100 crore per transaction.

Commenting on the milestone, Mr. Deepak Mittal, Chief Investment Officer and Head – Private Equity, IIFL Capital Asset Management Limited, said: “The first close marks the point at which this Fund moves from being a proposition to being a portfolio. We are grateful to our investors for their confidence in a volatile global environment. With two high-quality transactions already committed and a live pipeline of seven to eight opportunities, we believe IIFL’s capabilities give us a distinct advantage in backing scaled enterprises on their journey to the public markets.”

The first close comes in the backdrop of India’s primary market revival. After a subdued April-June quarter, July and August 2026 together saw 35 mainboard IPOs, and foreign portfolio investors returned as net buyers, including through IPOs. Real GDP grew 7.8% in Q1 FY27, with gross fixed capital formation up 11.9%, supporting the sectors the Fund is targeting.

About IIFL Capital Asset Management Limited

IIFL Capital Asset Management Limited (formerly IIFL Securities Alternate Asset Management Limited) is the Investment Manager for Alternative Investment Funds sponsored by IIFL Capital Services Limited. It is registered with SEBI as an Alternative Investment Fund manager (IN/AIF3/19-20/0770, IN/AIF2/21-22/088), Investment Adviser (INA000019956) and Portfolio Manager (INP000009445). Registered office: Ground Floor 01, Hubtown Solaris, Saiwadi, N S Phadke Road, Andheri East, Mumbai 400069. Website: assetmanagement.iiflcapital.com

About IIFL Capital Services Ltd

IIFL Capital Services Ltd (formerly known as IIFL Securities Limited) (NSE: IIFLCAPS) (BSE: 542773) is one of the key capital market players in the Indian financial services space. IIFL Capital offers broking services, wealth management, financial products distribution, institutional broking, research and investment banking services.

Disclaimer: This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any units of the IIFL Late-Stage Private Equity Fund or any securities. Investments in alternative investment funds are subject to market and other risks, including loss of capital. Investors should read the Private Placement Memorandum, including the risk factors, before investing. Registration granted by SEBI, enlistment with BSE, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Past performance of securities/instruments is not indicative of their future performance.

 

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Snapmaker Introduces New Filament Bundle, Expanding Its Full Spectrum Printing Ecosystem

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October 22, 2026

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The Snapmaker PLA Full Spectrum Filament Bundle (White Edition) combines pure-white capability, more saturated cyan, magenta, and yellow filaments, and finely tuned light-transmission properties for vibrant, natural-looking color mixes. It expands Snapmaker’s integrated ecosystem of dedicated materials, Snapmaker Orca software, and U1 hardware.

SHENZHEN, China, Oct. 22, 2026 /PRNewswire-PRWeb/ — Snapmaker has introduced the Snapmaker PLA Full Spectrum Filament Bundle (White Edition), expanding the creative possibilities of layered color mixing on Snapmaker U1. The four-spool set combines semi-translucent cyan, magenta, yellow, and white PLA filaments to produce a broader palette, from vivid color mixes and soft pastels to directly printed pure-white details.

“Together with the reformulated color filaments, the addition of white opens up a broader range of visual styles.” — Blayne Sapelli, Creative Marketing Manager at Snapmaker.

Four Filaments, Beyond Four Colors

Full Spectrum color mixing creates additional perceived colors by alternating thin layers of semi-translucent filaments along the Z-axis. As light interacts with these layers, their colors blend visually, allowing a single print to go beyond the four loaded filament colors.

Snapmaker Orca, Snapmaker’s official slicing software, supports this layered color mixing workflow. Together with U1’s multi-toolhead architecture, it provides a practical foundation for exploring more colors with a small set of materials.

Radu “Ratdoux,” creator of Full Spectrum and now part of the Snapmaker team, said: “Full Spectrum changes the way we think about color in consumer FDM printing. Instead of adding more and more individual filament colors, we can use a small set of calibrated materials together with software and multi-toolhead hardware to generate a much broader spectrum. Our goal is to make that process simple enough that users can focus on what they want to create rather than how to engineer the color.”

Filaments Engineered for Brighter Color

White filament brings two distinct benefits: it enables pure-white areas that layered color mixing alone cannot produce, and it brightens mixed colors while reducing saturation for lighter, softer tones. Reformulated cyan, magenta, and yellow filaments offer stronger saturation, helping deliver more vibrant mixes.

The filaments’ color and Transmission Distance properties are tuned to promote natural blending and help reduce visible horizontal stripes. On Snapmaker U1, RFID recognition automatically loads preset filament information, simplifying setup.

These properties give creators more flexibility to combine vivid accents, gentle shades, and white details in character models, collectibles, home décor, and sculptural artwork. The four-spool approach also reduces the need to store separate filament colors for occasional use.

“Adding white is a meaningful step for creators who want lighter palettes and pure-white details within the same four-spool setup,” said Blayne Sapelli, Creative Marketing Manager at Snapmaker, “Together with the reformulated color filaments, it opens up a different range of visual styles. It also reflects how we are building our ecosystem: developing dedicated materials around real creative needs and connecting them with the tools people use to print.”

An Integrated Ecosystem for Color Creation

The Snapmaker PLA Full Spectrum Filament Bundle (White Edition) joins the Snapmaker PLA Full Spectrum Filament Bundle (Gray Edition) and the SnapSpeed PLA CMYK Lithophane Filament Bundle, expanding Snapmaker’s official lineup to three purpose-designed bundles.

The two PLA Full Spectrum bundles are designed for three-dimensional color mixing. The new bundle enables brighter mixes, softer pastels, and pure-white details, while the Gray Edition offers darker, more muted tones. The CMYK Lithophane bundle is optimized for flat, layered-color printing, including colorful backlit lithophanes made from photographs and illustrations.

Built around U1 and Snapmaker Orca, the lineup connects specialized materials with hardware and software support.

Pricing and Product Information

The bundle is priced at US$89 and contains four 1 kg spools, totaling 4 kg. For product details and regional purchasing information, visit the official product page.

About Snapmaker

Snapmaker makes products that empower everyone to change the world — literally. From 3-in-1 desktop fabrication machines to the Snapmaker U1 multicolor, multimaterial, toolchanger 3D printer, to the software that powers it all, Snapmaker is building an ecosystem that democratizes creation. Snapmaker: Make Something Wonderful.

For more information, visit Snapmaker.com.

Media Contact

Hao Jiang, Snapmaker, 86 13588745216, jianghao@snapmaker.com, www.snapmaker.com

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Today, Intelligent Legal Solutions (ILS) and Anduin announced a partnership to provide a more streamlined service for both fund managers and law firms

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October 22, 2026

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PALO ALTO, Calif., Oct. 22, 2026 /PRNewswire/ — Intelligent Legal Solutions (ILS) and Anduin have announced a partnership to create a more connected fundraising experience for private markets fund managers and law firms.

ILS is the legal technology company behind ProVision, a platform for private investment funds lawyers and their clients, while Anduin provides technology for private markets fundraising and investor operations. Through the partnership, the companies will build an integration connecting their platforms to support a more streamlined, end-to-end fundraising process.

Launched in 2024, ILS works with 89% of law firms ranked in the top three bands by Chambers USA for Private Equity: Fund Formation nationwide. Its technology has supported fundraises totaling more than $825 billion across North America, the UK, EMEA and APAC.

Anduin’s platform has supported more than 1,300 private investment funds, onboarded over 76,000 investors and powered more than $265 billion in capital raised. Its customers represent more than $7 trillion in aggregate assets under management.

Fergus Plant, Co-Founder of ILS, said: “We are hugely excited to announce our partnership with Anduin. They are a mainstay of the private markets tech space, and we are proud to collaborate to bring a more complete solution to our customers. Our recent launch of the Fund Manager Portal for ProVision more closely aligns our customers, deepening the benefits of this relationship.”

Eliot Hodges, CEO of Anduin, said: “Fundraising still involves too many handoffs between systems, teams and advisers. By connecting Anduin’s subscription and investor onboarding workflows with ProVision’s side letter, comment memo, MFN and obligation management capabilities, we can help firms carry data more seamlessly through the fundraising process and reduce the operational burden around close.”

Read more at https://anduintransact.com/blog/anduin-partners-with-ils 

Fund managers and law firms interested in learning more can contact:

About Anduin
Anduin is the leading digital platform for managing fund lifecycles and LP relationships. The company has facilitated $118 billion in global capital and supports 48,000+ investors across 890+ funds. Learn more at anduintransact.com.

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