LATIN AMERICA IMMERSION COOLING IN DATA CENTERS MARKET 2022-2028
MARKET OUTLOOK
The immersion cooling in data centers market in Latin America is predicted to showcase growth with a CAGR of 15.76% over the forecasting years between 2022 and 2028, as per a report by Triton Market Research. Mexico, Brazil, and Rest of Latin America together form the market in this region.
Brazil is one of the leading data center marketplaces in Latin America. As per estimates, there are close to 140 data centers in the country. Many companies are setting up their data centers in the country. For instance, Amazon Web Services (AWS) announced its plans to invest $236 million to expand its data center presence in São Paulo in October 2020, with a view to strengthen its cloud infrastructure in the country. Moreover, in December 2021, Ascenty, a top data center company, opened two data centers in Hortolândia and Rio de Janeiro. The growing number of data centers boosts the demand for immersion cooling systems. This is driving the growth of the considered market in Latin America.
The Rest of Latin America region includes countries like Argentina, Chile, Colombia, Venezuela, and Peru, among others. Argentina is one of the most advanced nations in the region in terms of cloud computing adoption. According to studies, there are approximately 26 data centers in the country. In 2019, EdgeConneX launched an ‘Edge’ data center in the capital Buenos Aires. Also, Imperva opened its new data center in the country in 2020. Moreover, in December 2021, AWS planned to launch local zones for the development of its cloud architecture in 2022. Efforts to develop the cloud infrastructure and data centers will accelerate the demand for immersion cooling systems. This, in turn, will drive the growth of the immersion cooling in data centers market.
COMPETITIVE OUTLOOK
Major players engaged in the immersion cooling in data centers market include Wiwynn, Exascalar Inc, Liquidcool Solutions, LiquidStack, Asperitas, Midas Immersion Cooling, GRC Green Revolution Cooling, and DCX The Liquid Cooling Company.
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