ASIA-PACIFIC IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028

ASIA-PACIFIC IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028

MARKET OUTLOOK

A Triton Market Research report depicts that the immersion cooling in data centers market in the Asia-Pacific would progress with a CAGR of 16.34% over the forecast period from 2022 to 2028. Japan, India, China, Malaysia, Australia & New Zealand, Singapore, and Rest of Asia-Pacific together comprise the market in this region.
India’s emphasis on creating a completely digital economy, with favorable government policies, is driving domestic & foreign data center operators to invest large sums in the nation to expand their presence. Additionally, companies like CtrlS, Yotta Infrastructure, STT GDC India, NTT-Netmagic, Sify Data Centers, and others, are constructing hyperscale data centers and data center parks in India. Further, the government has drafted a policy pertaining to data centers. Supportive government regulations, along with enhanced domestic and foreign investments, are fueling the expansion of data centers in the country. These factors are expected to bolster the demand for immersion cooling in these centers, which, in turn, will propel the market’s growth in the forecasted period.

As per estimates, there are nearly 105 data centers in Singapore. Several large cloud service providers are starting up new data centers in the nation. For example, in 2020, Google announced building its third data center here, by increasing its expenditure to $850 million. Moreover, in August 2021, Equinix opened its fifth data center in the country, which is a greenfield facility built with an initial spending of $144 million. Also, in 2021, the government started reconsidering its data center development plans owing to escalating environmental concerns. The growing environmental & sustainability concerns have generated the demand for the deployment of energy-efficient immersion cooling systems to decrease the energy consumption and costs. This, as a result, will foster the growth of the immersion cooling in data centers market in Singapore.

COMPETITIVE OUTLOOK

The prominent companies in the immersion cooling in data centers market are GRC Green Revolution Cooling, Schneider Electric, Exascalar Inc, Stulz GmbH, Fujitsu Limited, Asperitas, Usystems Limited, and Wiwynn.