Technology
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
Published
2 years agoon
By
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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SOURCE Technavio
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RSPO Launches New Guidance to Leverage Sustainable Palm Oil Certification for IFRS® Sustainability Disclosure Standards
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KUALA LUMPUR, Malaysia, July 23, 2026 /PRNewswire/ — The Roundtable on Sustainable Palm Oil (RSPO) has released a guidance document, “Leveraging RSPO Principles and Criteria for IFRS® Sustainability Disclosure Standards”. This new resource supports certified sustainable palm oil producers to align their sustainability practices with the IFRS S1 and IFRS S2 disclosure standards that serve as the global framework for reporting sustainability-related financial information.
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Informing investor-relevant disclosures: A four-step approach
Certification and the IFRS SDS serve different purposes. This guidance, developed with support from PwC Malaysia, provides a practical bridge between operational sustainability practices and financial disclosure expectations by helping members translate certification-related topics, metrics, and evidence to inform investor-relevant disclosures.
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Joseph D’ Cruz, RSPO Chief Executive Officer, said: “As sustainability reporting becomes an integral pillar of financial performance, this guidance bridges certification and disclosure, providing RSPO members with a practical framework to demonstrate sustainability performance in ways that resonate with global capital markets. In line with the growing importance of sustainability disclosures in financing and investment decision-making processes, this guidance illustrates how RSPO Principles and Criteria practices can complement an organisation’s strategy and risk assessment processes.”
Andrew Chan, Partner, Sustainability Leader at PwC Malaysia, said: “This guidance responds to the broader shift towards measuring sustainability through a financial lens, with the adoption of the IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2). For RSPO growers, this creates an opportunity to demonstrate how sustainability practices contribute to business resilience as well as value creation — building investor confidence for the long term.”
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The Guidance Document can be downloaded here.
For more information, visit www.rspo.org
About RSPO:
The Roundtable on Sustainable Palm Oil (RSPO) is a global partnership to make palm oil sustainable. Formed in 2004, the RSPO is a multi-stakeholder non-profit organisation that unites members from across the palm oil value chain, including oil palm producers, palm oil processors and traders, consumer goods manufacturers, retailers, banks and investors, environmental or nature conservation non-governmental organisations (NGOs), and social or developmental NGOs.
As a partnership for progress and positive impact, the RSPO facilitates global change to make the production and consumption of palm oil sustainable. To inspire change, we communicate the environmental and social benefits. To make progress, we catalyse collaboration. To provide assurance, we set the standards of certification.
The RSPO is registered as an international association in Zurich, Switzerland, with main offices in Malaysia and Indonesia, and offices in China, Colombia, Netherlands, United Kingdom and the United States.
About PwC:
At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 364,000 people in 136 countries and 137 territories. Across audit and assurance, tax and legal, deals and consulting, we help clients build, accelerate, and sustain momentum. Find out more at www.pwc.com
1
IFRS Foundation, ISSB Podcast February 2025
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SOURCE Roundtable On Sustainable Palm Oil
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Nordic Capital announces agreement to sell ArisGlobal to Dassault Systèmes, following its transformation into a scaled and AI-enabled life sciences platform
Published
22 minutes agoon
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WALTHAM, Mass., 23 July 2026 /PRNewswire/ — Nordic Capital today announced that it has entered into a definitive agreement to sell ArisGlobal, a leading provider of software to the life sciences industry, to Dassault Systèmes (Euronext Paris: FR0014003TT8) (Paris: DSY.PA). The transaction represents a full exit for Nordic Capital and marks the successful culmination of a partnership that has transformed ArisGlobal into a scaled, cloud-native and AI-enabled platform serving more than 200 life sciences companies, CROs and government health authorities worldwide.
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Nordic Capital first invested in ArisGlobal in 2019, partnering with the founding family and management team to pursue an ambitious development strategy. In 2021, Nordic Capital made a further investment in the company, reflecting its conviction in ArisGlobal’s growth potential and the progress achieved since the original partnership began. Throughout the ownership period, Nordic Capital worked closely with management to accelerate the SaaS transition, professionalise the go-to-market organisation, broaden the product offering and strengthen the leadership team.
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Evercore and Jefferies LLC acted as financial advisors to ArisGlobal and Kirkland & Ellis acted as legal advisor to ArisGlobal.
Media contacts:
Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
+46 8 440 50 50
katarina.janerud@nordiccapital.com
ArisGlobal
Morgan Scott
Vice President, Marketing & Communications and Chief of Staff
mscott@arisglobal.com
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Cognizant and Gulf Edge Announce Strategic Partnership to Accelerate Enterprise AI Adoption in Southeast Asia
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BANGKOK, July 23, 2026 /PRNewswire/ — Cognizant (Nasdaq: CTSH), a leading AI builder and global technology services provider, and Gulf Edge Company Limited, the digital infrastructure arm of Thai energy and infrastructure conglomerate Gulf Development Public Company Limited (GULF) or Gulf Group, today announced a landmark strategic partnership. The alliance is designed to accelerate enterprise AI adoption and establish a resilient, AI-native digital economy in Thailand and the broader region.
As artificial intelligence (AI) rapidly reshapes industries, economies, and societies worldwide, the partnership aims to establish the foundational ecosystem needed to enable Thailand’s next phase of digital transformation. By combining trusted sovereign digital infrastructure with world-class AI engineering and enterprise transformation capabilities, Gulf Edge and Cognizant will help organizations deploy AI securely, responsibly, and at scale.
The collaboration brings together Gulf Edge’s leadership in digital infrastructure, energy, cloud, and strategic relationships across Thailand’s most important industries with Cognizant’s global expertise in AI, digital engineering, cloud modernization, data, and intelligent operations. Together, the two companies will deliver end-to-end AI capabilities spanning infrastructure, AI platforms, enterprise solutions, systems integration, and managed services.
The partnership will initially focus on accelerating AI adoption across key sectors including banking and financial services, energy and utilities, healthcare, telecommunications, manufacturing, and the public sector. Through industry-specific AI solutions, organizations will be able to improve operational efficiency, enhance customer experience, strengthen decision-making, automate complex business processes, and unlock new opportunities for innovation and growth.
Beyond enterprise transformation, Gulf Edge and Cognizant share a broader ambition of strengthening Thailand’s position as a regional AI hub. The partnership is expected to attract global technology expertise, stimulate investment in advanced digital capabilities, and create high-value employment opportunities across AI engineering, data science, cloud infrastructure, cybersecurity, and digital transformation. The two companies also plan to collaborate with universities, research institutions, technology partners, and public-sector organizations to develop AI talent, promote responsible AI adoption, and foster a sustainable innovation ecosystem for the country.
Mr. Sarath Ratanavadi, Chief Executive Officer, Gulf Development Public Company Limited, said, “Our partnership with Cognizant marks an important milestone in our vision of helping Thailand become an AI-native economy. By combining Gulf Edge’s strengths in digital infrastructure, energy, cloud, and deep understanding of the Thai market with Cognizant’s global expertise in enterprise AI, digital engineering, and transformation services, we are creating a comprehensive platform that enables organizations to adopt AI with confidence and generate measurable business outcomes. Together, we will develop secure, resilient, and future-ready sovereign digital infrastructure while delivering industry-specific AI solutions tailored to the needs of Thai enterprises and public institutions. We believe AI has the potential to transform every sector, creating new opportunities for productivity, innovation, and sustainable economic growth.”
Mr. Ganesh Ayyar, President of Asia Pacific & Japan (APJ), Cognizant, said, “As Thailand works toward its ambition of becoming an AI-native economy, we see this partnership as a meaningful way to help contribute to that vision, not just through the projects we deliver, but by building lasting AI and technology capability inside the country. With Gulf Edge’s market reach and Cognizant’s AI Builder strategy and global delivery capability, we are positioned to deliver transformative outcomes for Thai enterprises across every major sector.”
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