The report “Immersion Cooling Fluids Market by Type (Mineral oil, Fluorocarbon-based fluids, Synthetic fluids), End Use (Transformers, Data Center, EV batteries, Solar PV), Technology (Single-phase cooling, Two-phase cooling) & Region – Global Forecast to 2027″, is estimated to grow from USD 1.7 billion in 2022 to USD 2.6 billion by 2027, at a CAGR of 8.1% during the forecast period. Expanding market for transformers, data center and EV battery is expected to drive the immersion cooling fluids market.
• 291 Market data Tables
• 51 Figures
• 238 Pages and in-depth TOC on “Immersion Cooling Fluids Market – Global Forecast to 2027”
Some of the prominent key players are:
Nynas AB (Sweden)
- Ergon, Inc. (US)
- PetroChina Company Limited (China)
- APAR Industries (India)
- Sinopec Lubricant Company (China)
Opportunity: Rising demand for bio-based oils for immersion cooling
Bio-based transformer oil is produced from vegetable oil feedstock. Bio-based transformer oil has a high fire resistance and is biodegradable due to the absence of, silicone, petroleum hydrocarbons, and halogens. The bio-based oil also has higher dielectric breakdown as compared to mineral oil. Also, it is an eco-friendly immersion cooling fluid. This gives bio-based oil an opportunity to be used as an immersion cooling fluid in end-use such as, transformer and data center.
The mineral oil segment is expected to hold the largest share of the immersion cooling fluids market, during the forecast period.
The mineral oil segment is expected to lead the immersion cooling fluids market during the forecast period by value. Down sides for traditional air cooling for transformers and increasing need for effective cooling solution for higher server density of data centers gives boost to adoption for immersion cooling solutions. This will drive the market for mineral oil segment in immersion cooling fluids market.
Asia Pacific region is expected to be the largest and fastest growing immersion cooling fluids market
Asia Pacific is expected to lead the immersion cooling fluids market during the forecast period by value. This demand can be attributed to the high growth in emerging economies such as China and India of the region that has made Asia Pacific a huge market for immersion cooling fluids. China is one of the largest electricity-producing and consuming country. This gives a growing opportunity for effective cooling solutions for power transmission. Adoption of effective cooling, across the region, for data center solution and EV batteries is expected to contribute a major portion to the overall regional demand for immersion cooling fluids market during the forecast period. These factors will propel the market for immersion cooling fluids in Asia Pacific region.