Global Immersion Cooling Market to Reach $1.9 Billion by 2030
The global market for Immersion Cooling estimated at US$524.7 Million in the year 2023, is expected to reach US$1.9 Billion by 2030, growing at a CAGR of 20.5% over the period 2023-2030. Single-Phase Immersion Cooling, one of the segments analyzed in the report, is expected to record 17.8% CAGR and reach US$1.1 Billion by the end of the analysis period. Growth in the Two-Phase Immersion Cooling segment is estimated at 25.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $165.7 Million, While China is Forecast to Grow at 20.1% CAGR
The Immersion Cooling market in the U.S. is estimated at US$165.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$338.2 Million by the year 2030 trailing a CAGR of 20.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.7% and 17.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 14.1% CAGR.
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