EUROPE IMMERSION COOLING IN DATACENTERS MARKET 2022-2028
MARKET OUTLOOK
Triton Market Research’s study on the immersion cooling in data centers market in Europe estimates that it would develop with a CAGR of 16.69% in the forecast period 2022-2028. Ireland, Germany, Nordic Countries, France, the Netherlands, the United Kingdom, and Rest of Europe together form the market in this region.
Due to the increasing digitization, better connectivity with other markets, and the rising adoption of advanced technologies like IoT, the United Kingdom data center industry is prospering. Furthermore, the UK is the largest data center colocation market in Europe. According to statistics, there are nearly 480 data centers in the country. Pure Data Centres and CloudHQ and are some of the data center operators planning to build hyperscale campuses in the United Kingdom. With these developments, the demand for immersion cooling systems has grown. As a result, the market for immersion cooling in data centers is also growing.
In October 2019, the Dutch government released its strategic action plan for the development of artificial intelligence.
Moreover, leading Dutch companies like Ahold Delhaize, NS, KLM, ING, and Royal Philips are looking to strengthen their AI ecosystem in the Netherlands by accelerating and promoting technological development. Additionally, in November 2021, hosting services provider HOSTKEY largely expanded its capacity tier III data center in the Netherlands. The increasing adoption of artificial intelligence and rising data centers are thus expected to bolster the immersion cooling in data centers market in the coming years.
COMPETITIVE OUTLOOK
The primary contenders in the immersion cooling in data centers market include Midas Immersion Cooling, Iceotope Technologies Limited, Wiwynn, GRC Green Revolution Cooling, LiquidStack, Exascalar Inc, and Liquidcool Solutions.
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