Immersion Cooling Market Size, Share & Trends Analysis Report By 2030
The global immersion cooling market was valued at approximately USD 197.0 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 22.6% from 2023 to 2030. The primary factor driving this growth is the increasing demand for cost-effective and energy-efficient cooling solutions, particularly from data centers. These facilities are seeking ways to optimize their operations, and immersion cooling offers a promising solution. However, the industry's growth faced a temporary slowdown due to the strict lockdowns imposed by governments worldwide in response to the COVID-19 pandemic in 2020. These lockdowns disrupted operations in various sectors, including data centers, where key activities like server relocation, building closures, and new site construction were delayed or halted. Despite these challenges, data centers saw an increase in demand during the pandemic, largely driven by the shift to remote work and the growing prevalence of e-commer...