![Bar chart of the U.S. Immersion Cooling Market size by product from 2020 to 2030, showing growth in single-phase and two-phase cooling with a 20.0% CAGR](https://midasimmersion.com/wp-content/uploads/us-immersion-cooling-market-300x157.png)
The global immersion cooling market size was estimated at USD 197.0 million in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 22.6% from 2023 to 2030. The increasing demand for cost-efficient and energy-efficient cooling solutions from data centers is expected to drive growth.Strict lockdowns enforced by global governments in the wake of the COVID-19 pandemic in 2020 hampered industry expansion. The lockdowns also impacted data centers, wherein data center consolidation was put on hold. Moving servers, closing buildings, and constructing a new location were all more difficult in the COVID-19 universe.