Report Overview

An increasing focus on reducing high energy consumption in IT infrastructures, escalating demand to remove or reduce heat from the component, an increasing adoption in low-density data centers, and development of cooling solutions for use in harsh environments could boost the growth of Saudi Arabia Immersion Cooling Market at a robust rate during the forecast period between 2023 and 2029.

Saudi Arabia Immersion Cooling Market - Industry Trends & Forecast Report, 2029

Saudi Arabia immersion cooling market size is expected to grow at a CAGR of 12.8% during the forecast period between 2023 and 2029. The major driving factors for the market growth are increasing 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. In the industry, there are both global and regional competitors. Several unique immersion cooling systems are available in the industry, and several manufacturers retrofit off-the-shelf Information Technology Equipment (ITE) to make it compatible with their technology. Furthermore, manufacturers offer tailored solutions to their customers based on their requirements. Demand for IoT capabilities and cloud computing infrastructure is expected to drive demand for data centers, particularly hyper-scale data centers.

Saudi Arabia Immersion Cooling Market- Overview

Electronic equipment and IT components, such as entire servers and storage devices, are submerged in a thermally conductive but electrically insulating dielectric liquid or coolant during immersion cooling, a thermal management technique that is frequently used in IT cooling. By directly contacting relatively cold liquid with hot components, followed by passing the heated liquid through cool heat exchangers, heat is removed from the system. Immersion cooling has become a common method of producing usable heat in recent years, especially for bitcoin mining. In a cold environment, one ASIC miner can produce super high-efficiency electric heat conversion that is enough to heat an entire house.

Growth Drivers

Increasing demand for server space

Traditional data centers do not require the use of high-density servers to achieve the required performance. Enormous amounts of data must be processed for deep learning, machine learning, the Internet of Things (IoT), smart cities, artificial intelligence (AI), cloud computing, and blockchain to all function. Since immersion cooling systems can handle greater heat loads than air cooling, their market is expanding. These high-density server racks can be kept cool at a low cost with environmentally safe, non-hazardous immersion cooling solutions. Immersion cooling market growth is being fueled by the advantages of using a nontoxic, less corrosive dielectric fluid for liquid immersion cooling.

Increasing carbon footprints

One advanced liquid cooling technology that has gained popularity is immersion cooling. This is because the data center industry has a growing carbon footprint, among other things. Electronic components in data centers with conventional air-based cooling systems use 38% of the electricity needed to maintain the building at a comfortable temperature, according to a recent study by 3M, a well-known synthetic coolant supplier in the immersion cooling market.

Restraints

High investment costs

The need for additional and specialized infrastructure, as well as a lack of recognition from various end users, are major impediments to the growth of the immersion cooling market, while high investments in existing infrastructure are expected over the forecast period.

Impact of COVID-19 on Saudi Arabia Immersion Cooling Market

Numerous economies and sectors have been further strained because of the COVID-19 pandemic. This caused the focus to shift to the digital economy. As data centers manage more next-generation applications, such as the Internet of Things and AI, they need higher-density processors, which produce more heat and consequently call for more cooling power. This is where immersion cooling comes into play. Hence, Saudi Arabia immersion cooling market is expected to continue its growth during the forecast period.

Saudi Arabia Immersion Cooling Market

Segmental Coverage

Saudi Arabia Immersion Cooling Market - By Type

Saudi Arabia immersion cooling market is divided into Single-Phase Immersion Cooling and Two-Phase Immersion Cooling segments. During the forecast period, the single-phase immersion cooling type is expected to grow at a faster rate. In single-phase, immersion cooling system technology, servers or other IT components are installed vertically in a coolant bath of a hydrocarbon-based dielectric fluid with properties like mineral oil. The coolants degrade after 10 to 15 years as they do not evaporate when heated. Because of its affordability and important level of dependability, the single-phase immersion cooling system is expected to experience faster growth in the future. As it is less expensive to install and consumes less energy, the single-phase immersion cooling will continue to gain popularity. As consumers become more aware of the trade-offs between single-phase and two-phase immersion, the demand for single-immersion cooling will rise.

Saudi Arabia Immersion Cooling Market - By Cooling Fluid Type

On basis of cooling fluid type, Saudi Arabia immersion cooling market is divided into Mineral Oil, Fluorocarbon-Based Fluid, Synthetic Oil, and other segments. In 2021, mineral oil dominated the market for immersion cooling, and this trend is predicted to continue over the coming years. A by-product of refining crude oil to make gasoline and other petroleum products is mineral oil. These mineral oil types are frequently supplied by oil refineries without any additional processing, qualification, or quality control and are primarily made up of alkanes and cycloalkanes. Mineral oil is more effective than conventional air conditioning systems, which facilitates facility design and reduces costs. Since it is transparent and oily and has a high boiling point, mineral oil is used as a single-phase dielectric.

Fluorocarbon-based fluid demand is expected to grow at the fastest rate during the forecast period. Fluorketones, hydrofluoroethers, perfluoropolyether, and perfluorocarbons are the fluorocarbon molecules most frequently used in immersion cooling solutions (FKs). The simplicity of use of such cooling solutions for maintaining IT equipment temperatures is facilitated by their strong chemical and thermal stability, high dielectric strength, and relatively high vapor pressure.

Saudi Arabia Immersion Cooling Market – By Application

On basis of the application, Saudi Arabia immersion cooling market is divided into High-Performance Computing, Edge Computing, Artificial Intelligence, Cryptocurrency, Mining, and Others. Due to its requirement for relatively intensive computing resources like artificial intelligence (AI) and machine learning, high-performance computing application currently dominates the global immersion cooling market (ML). High-density data centers and high-performance computing applications are receiving more funding. Aside from that, as technology develops, faster microprocessors will become more affordable yearly, and low-cost HPC systems with a few processors will be able to perform tasks that were previously only possible on expensive vector computers or MPP systems. Since they are no longer limited to specific architectures, high-performance computers now form the top end of a continuum of quick desktop systems and servers.

Startups, large corporations, small and medium-sized enterprises (SMEs), and numerous other business owners are adopting cryptocurrencies because of the revolutionary idea of transactional compliance. This has prompted investments, alliances, and collaborations among bitcoin solution providers, which will enhance end-to-end solutions. Due to the enormous potential for development in countries like the United States, Japan, India, and Germany, this industry is extremely competitive. Since March 2021, Microsoft has been investigating the immersion cooling technology used in bitcoin mining for its cloud servers. The company has concentrated on immersion cooling technology, which is used in bitcoin mining, as it is the most promising technology for future high-density data centers.

Competitive Landscape

Competition in Saudi Arabia immersion cooling market is intense. Major companies in the market include Vertiv Group Corp., Fujitsu, Green Revolution Cooling, Inc., GIGA-BYTE Technology Co., Ltd, UL LLC, FUCHS, 3M, Shell, Dow, and MIVOLT. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2022
	Base Year – 2022
	Estimated Year – 2023
	Forecast Period – 2023–2029
Facts Covered	Revenue in USD Million
Market Coverage	Saudi Arabia
Product/ Service Segmentation	Type, Cooling Fluid Type, Application.
Key Players	Vertiv Group Corp., Fujitsu, Green Revolution Cooling, Inc., GIGA-BYTE Technology Co., Ltd, UL LLC, FUCHS, 3M, Shell, Dow, MIVOLT

 

 

By Type

• • Single-Phase Immersion Cooling

  • Two-Phase Immersion Cooling

By Cooling Fluid Type

• • Mineral Oil

  • Fluorocarbon-Based Fluid

  • Synthetic Oil

  • Others

By Application 

• • High Performance Computing

  • Edge Computing

  • Artificial Intelligence

  • Cryptocurrency

  • Mining

  • Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Immersion Cooling Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. High energy generation in IT infrastructures
         2. Surging demand to eliminate or reduce heat from the component
      2. Restraints
         1. Lack of recognition
      3. Opportunities
         1. Rising adoption in low-density data centers, as well as the development of cooling solutions
         2. Development of cooling solutions for deployment in harsh environments
      4. Challenges
         1. High investment in existing infrastructure
   3. Technological Advancement/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Saudi Arabia Immersion Cooling Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Single-Phase Immersion Cooling
         2. Two-Phase Immersion Cooling
      2. By Cooling Fluid Type
         1. Mineral Oil
         2. Fluorocarbon-Based Fluid
         3. Synthetic Oil
         4. Others
      3. By Application 
         1. High-Performance Computing
         2. Edge Computing
         3. Artificial Intelligence
         4. Cryptocurrency
         5. Mining
         6. Others
5. Competitive Landscape
   1. List of Key Players and Their Range
   2. Saudi Arabia Immersion Cooling Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership, and others)
6. Impact of Covid-19 on Saudi Arabia Immersion Cooling Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   1. Vertiv Group Corp.
   2. Fujitsu
   3. Green Revolution Cooling, Inc.
   4. GIGA-BYTE Technology Co., Ltd
   5. UL LLC
   6. FUCHS
   7. 3M
   8. Shell
   9. Dow
   10. MIVOLT
   11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation

 

List of Figures

Figure 1        Saudi Arabia Immersion Cooling Market Segmentation                      

Figure 2        Saudi Arabia Immersion Cooling Market Value Chain Analysis                       

Figure 3        Company Market Share Analysis, 2022                        

Figure 4        Saudi Arabia Immersion Cooling Market Size, By Value (USD Million), 2019–2029                         

Figure 5        Saudi Arabia Immersion Cooling Market Share, By Type, By Value, 2019–2029                            

Figure 6        Saudi Arabia Immersion Cooling Market Share, By Cooling Fluid Type, By Value, 2019–2029                            

Figure 7        Saudi Arabia Immersion Cooling Market Share, By Application, By Value, 2019–2029 

 

List of Tables

Table 1         Saudi Arabia Immersion Cooling Market Size, By Type, By Value, 2019–2029

Table 2         Saudi Arabia Immersion Cooling Market Size, By Cooling Fluid Type, By Value, 2019–2029

Table 3         Saudi Arabia Immersion Cooling Market Size, By Application, By Value, 2019–2029

Table 4         Vertiv Group Corp. Company Overview

Table 5         Vertiv Group Corp. Financial Overview

Table 6         Fujitsu Company Overview

Table 7         Fujitsu Financial Overview

Table 8         Green Revolution Cooling, Inc. Company Overview

Table 9         Green Revolution Cooling, Inc. Financial Overview

Table 10        GIGA-BYTE Technology Co., Ltd Company Overview

Table 11        GIGA-BYTE Technology Co., Ltd Financial Overview

Table 12        UL LLC Company Overview

Table 13        UL LLC Financial Overview

Table 14        FUCHS Company Overview

Table 15        FUCHS Financial Overview

Table 16        3M Company Overview

Table 17        3M Financial Overview

Table 18        Shell Company Overview

Table 19        Shell Financial Overview

Table 20        Dow Company Overview

Table 21        Dow Financial Overview

Table 22        MIVOLT Company Overview

Table 23        MIVOLT Financial Overview