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The immersion cooling market in data centers is anticipated to register a CAGR of over 40%, during the forecast period (2019NEW YORK, Nov. 11, 2019 /PRNewswire/ -- Market Overview Download the full report: https://www.reportbuyer.com/product/5826198/?utm_source=PRN - The increase in the number of hyper-scale data centers is driving the market as hyperscale data centers are broadly used in different sectors to increase computing ability, memory, networking infrastructure, or storage resources. The different features of the hyperscale data centers include the physical infrastructure and distribution systems that support the data centers for maximizing cooling efficiency, as well as the ability to scale computing tasks in a quicker and faster way. According to the National Association of Software and Services Companies (NASSCOM), IT exports from India may exceed USD 330 billion by 2019-20. This accounts for nearly 14% of the projected worldwide spend, if India maintains its current share of the global offshore IT market. - As mineral oil is produced as a primary by-product while converting crude oil into gasoline, there are several established vendors that already serve the cosmetics and industrial sector from where companies could source the product and modify it for their use. However, in the case of synthetic liquids and other substitutes, 3M enjoys a major market share. All the major operators and immersion cooling technologies, including Allied Control Ltd, Fujitsu Limited, ExaSclar Inc., and LiquidMips, use coolants provided by 3M. North America to Hold the Dominant Share - North America is estimated to dominate the global data center liquid immersion cooling market during the forecast period, due to the presence of a large number of data centers in the region, along with the rise in popularity of this technology, especially in the United States. - In the United States, the demand and rate of adoption for cloud-based computing are rapidly increasing by technology giants, such as Facebook and Apple, owing to which, the number of data centers is increasing in the country, thereby, propelling the utilization of immersion cooling systems. - In June 2017, Facebook announced that it will lay a 200-mile cable to the new data centers in Mexico, which are likely to boost the market growth over the forecast period. Additionally, a few states of the United States are offering tax incentives, specifically to data centers. For instance, Florida approved use and sales tax exemption for every new data center built in the state, which is expected to present a positive impact on the growth of the US market. - Companies are rigorously investing in data centers to meet the growing demand from respective operations. For instance, the increasing demand for cognitive capabilities in the United States has led IBM Corporation to build four new cloud data centers in the country. This is likely to encourage the utilization of immersion cooling technology in these data centers, thereby propelling the market growth over the forecast period. - Also in 2018, Kolos constructed the largest data center (of 600,000-square meter, with 1,000 MW of computing power) in the world in Ballangen, Norway. The data center is expected to scale up about two gigawatts of consumable renewable power, which is more than the generation capacity of any other data center in the world. This will drive the demand for immersion cooling effectively. Competitive Landscape The market studied is moderately consolidated, as the companies in the market are continuously developing new cooling solutions with capabilities to cool highly dense storage components. They are also investing in research and development activities to create alternative solutions that further support developments in the market. In terms of the data center market scenario, there is a considerable number of merger and acquisition activities taking place, globally, which is expected to boost the capabilities of several players to invest in advanced cooling infrastructure. Key players are Fujitsu Limited, Green Revolution Cooling, Submer Technologies, etc. Recent developments in the market are - - March 2019: GRC announced that it is working with TechData, a multinational distributor of technology products and services, to provide support and warranties for worldwide customers, using GRC's immersion cooling systems. The partnership enables customers in over 100 countries served by TechData to have access to technical capabilities of GRC's immersion cooling solutions. Reasons to Purchase this report: - The market estimate (ME) sheet in Excel format - Report customization as per the client's requirements - 3 months of analyst support Download the full report: https://www.reportbuyer.com/product/5826198/?utm_source=PRN About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/the-immersion-cooling-market-in-data-centers-is-anticipated-to-register-a-cagr-of-over-40-during-the-forecast-period-2019-300955322.html SOURCE ReportBuyer |