DUBLIN, June 21, 2022 /PRNewswire/ -- The "Immersion Cooling Market - A Global and Regional Analysis: Focus on Application, Product, and Country Analysis - Analysis and Forecast, 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global immersion cooling market was estimated to be at $251.0 million in 2021, which is expected to grow with a CAGR of 36.3% and reach $1,605.5 million by 2027.
The growth in the global immersion cooling market is expected to be driven by increased water scarcity and boosting numbers of number of colocation and hyper data centers.
Market Lifecycle Stage
The immersion cooling market is in a growth phase. Cooling is a standard part of data center operations as servers and networking devices constantly run 24/7, which increases the core temperature, which if not controlled, can lead to data center outage.
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