Immersion Cooling Market Is Projected To Grow By $1,631.8 Million By 2030, Fuelled By Data Centers Growth And Increased Demand For Cloud Computing

The Immersion Cooling Market is experiencing a surge in demand due to the need for high-density computing applications, such as AI and ML. The market is characterized by the presence of numerous global and regional players, offering a range of proprietary immersion cooling solutions. Anticipated at a compound annual growth rate (CAGR) of 22.8%, the worldwide immersion cooling market is projected to surge from its 2023 valuation of US$387.5 million to reach US$1,631.8 million by the conclusion of 2030. Despite the effectiveness of these systems in dissipating heat from IT equipment, the industry faces challenges due to the high capital costs associated with additional components and hardware modifications.