Why Bitcoin Mining Might Actually Be Great For Sustainability

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Infographic showing the growth of the immersion cooling market in data centers from USD 0.63 billion in 2023 to USD 1.88 billion in 2028, with major players like Fujitsu, GRC, Submer, LiquidStack, and Asperitas

Immersion Cooling Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)

The Report Covers Data Center Liquid Immersion Cooling Market Manufacturers and is Segmented By type (single-phase immersion cooling system and two-phase immersion cooling system), by cooling fluid (mineral oil, deionized water, fluorocarbon-based fluids, and synthetic fluids), by application (high-performance computing, edge computing, artificial intelligence, cryptocurrency mining), and By Geography (North America, Europe, Asia-Pacific, and Rest of the World). The market size and forecasts are provided in USD for all the above segments. Source: https://www.mordorintelligence.com/industry-reports/immersion-cooling-market-in-data-centers

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

Immersion Cooling Market Size, Share & Trends Analysis Report By Product (Single-phase, Two-phase), By Application (Edge Computing), By Cooling Liquid, By Region, And Segment Forecasts, 2023 – 2030

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.

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