Saudi Arabia Immersion Cooling Market Size to Expand at Significant CAGR of 12.8% during 2023–2029

Published | 03 January 2023

Saudi Arabia immersion cooling market size is flourishing owing to increasing density of server rack and chip, new use cases, and a focus on reducing energy consumption during data center cooling.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Saudi Arabia immersion cooling market size to grow at a CAGR of 12.8% during the forecast period between 2023 and 2029. Growing server rack density and chip density, new use cases such as hazardous edge computing settings, and a desire to reduce energy consumption during data center cooling are the major driving factors for market growth. There are both global and regional competitors in the industry. In the industry, there are several unique immersion cooling systems available, and several manufacturers retrofit off-the-shelf Information Technology Equipment (ITE) to make it compatible with their technology. Furthermore, manufacturers provide customized solutions to their customers based on their needs. Data center demand, particularly hyper-scale data centers, is expected to be driven by demand for IoT capabilities and cloud computing infrastructure. However, high investment in existing infrastructure is anticipated to hinder the growth of Saudi Arabia immersion cooling market.

Saudi Arabia Immersion Cooling Market – Overview

Immersion cooling, a thermal management technique that is frequently used in IT cooling, submerges electronic equipment and IT components, such as entire servers and storage devices, in a thermally conductive but electrically insulating dielectric liquid or coolant. Heat is removed from the system by directly contacting relatively cold liquid with hot components, followed by passing the heated liquid through cool heat exchangers. Particularly for bitcoin mining, immersion cooling has emerged as a popular technique for generating usable heat in recent years. One ASIC miner can generate enough super high-efficiency electric heat conversion in a cold environment to heat an entire house.

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Opportunity: Growing environmental sensitivity

Immersion cooling, a major factor in market expansion, safeguards information technology equipment from environmental irritants like dust and sulfur. Additionally, the market for immersion cooling will have plenty of growth opportunities during the forecast period due to the widespread adoption of low-density data centers and the development of cooling solutions for use in harsh environments.

Challenge:

High investment costs

The immersion cooling market is hampered by the need for new, specialized infrastructure as well as by a lack of acceptance among various end users, but high investments in current infrastructure are anticipated throughout the forecast period.

Impact of COVID-19 on Saudi Arabia Immersion Cooling Market

The COVID-19 pandemic put additional strain on numerous economies and sectors. As a result, the emphasis has shifted to the digital economy. As data centers manage more next-generation applications, such as the IoT and AI, they require higher-density processors, which generate more heat and thus require more cooling power. Immersion cooling comes into play here. Hence, it is expected that the immersion cooling market in Saudi Arabia is expected to continue to grow during the forecast period.

Saudi Arabia Immersion Cooling Market – By Application

High-Performance Computing, Edge Computing, Artificial Intelligence, Cryptocurrency, Mining, and other segments make up the Saudi Arabia immersion cooling market by application. The high-performance computing segment currently dominates the global immersion cooling market despite requiring relatively intensive computing resources like artificial intelligence (AI) and machine learning (ML). More funding is being allocated to high-density data centers and high-performance computing applications. In addition, faster microprocessors will become more affordable every year as technology advances, enabling low-cost HPC systems with a few processors to execute tasks that were previously only possible on expensive vector computers or MPP systems. High-performance computers now represent the top end of a continuum of quick desktop systems and servers because they are no longer restricted to specific architectures.

Competitive Landscape

Saudi Arabia immersion cooling market is fiercely competitive. Prominent players in Africa solar PV module market include Vertiv Group Corp., Fujitsu, Green Revolution Cooling, Inc., GIGA-BYTE Technology Co., Ltd, UL LLC, FUCHS, 3M, Shell, Dow, and MIVOLT. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Saudi Arabia immersion cooling market.

Don’t miss the business opportunity in the Saudi Arabia Immersion Cooling Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Immersion Cooling Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Immersion Cooling Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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