The global demand for Immersion Cooling Fluids Market is presumed to reach the market size of nearly USD 4.55 MN by 2028 from USD 2.47 MN in 2021 with a CAGR of 9.1% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Thousand Liters in 2021 and forecast to touch XX Thousand Liters by 2028 with a CAGR of XX% during 2022-2028.
Immersion cooling fluids are liquids that are used as coolants for cooling a heat source. It is a type of indirect cooling. The cooling liquid is pumped through a heat exchanger and the heat from the processor causes it to evaporate. This makes the air to be drawn in by the pump on the other side of the heat exchanger and through this process, the heat is removed from the processor.
Market Dynamics
The industry is currently driven by the demand for high-performance computing systems and increased demand for data centers. Immersion cooling fluids are used in many industries such as data centers, semiconductor manufacturing plants, oil refineries and petrochemical plants. They are also used in many household appliances like refrigerators and air conditioners which use them for their condenser coil. However, as the technology matures and becomes more popular, it will face some restraints such as high installation costs and a lack of standards.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of immersion cooling fluids. The growth and trends of Immersion Cooling Fluids Industry provide a holistic approach to this study.
Market Segmentation
This section of the immersion cooling fluids market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Mineral Oil
- Fluorocarbon-Based Fluids
- Synthetic Fluids
- Others
By Technology
- Single-Phase Immersion Cooling
- Two-Phase Immersion Cooling
By End-Use
- Transformers
- Data Centers
- EV Batteries
- Solar Photovoltaic
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Immersion Cooling Fluids market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Immersion Cooling Fluids Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the immersion cooling fluids market include Nynas AB (Sweden), Ergon, Inc. (US), PetroChina Company Limited (China), APAR Industries (India), and Sinopec Lubricant Company (China). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Frequently Asked Questions (FAQs) about this Report
b. In 2021, the global market size for immersion cooling fluids was worth USD 2.47 Billion.
b. Between 2023 and 2028, the worldwide immersion cooling fluids market growth is projected to be nearly 9.1%.
b. Asia Pacific accounts for the largest market share of the global immersion cooling fluids market.
b. The global immersion cooling fluids market is segmented by Type (Mineral Oil, Fluorocarbon-Based Fluids, Synthetic Fluids, Others), by Technology (Single-Phase Immersion Cooling, Two-Phase Immersion Cooling), by End-Use (Transformers, Data Centers, EV Batteries, Solar Photovoltaic).
b. The leading players in the global immersion cooling fluids market are Nynas AB (Sweden), Ergon, Inc. (US), PetroChina Company Limited (China), APAR Industries (India), and Sinopec Lubricant Company (China).
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . IMMERSION COOLING FLUIDS – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Technology
3.7.3 Market Attractiveness Analysis By End-Use
3.7.4 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL IMMERSION COOLING FLUIDS MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 Mineral Oil Historic and Forecast Sales by Regions
6.5 Fluorocarbon-Based Fluids Historic and Forecast Sales by Regions
6.6 Synthetic Fluids Historic and Forecast Sales by Regions
6.7 Others Historic and Forecast Sales by Regions
7 . GLOBAL IMMERSION COOLING FLUIDS MARKET ANALYSIS BY TECHNOLOGY
7.1 Overview by Technology
7.2 Historical and Forecast Data
7.3 Analysis by Technology
7.4 Single-Phase Immersion Cooling Historic and Forecast Sales by Regions
7.5 Two-Phase Immersion Cooling Historic and Forecast Sales by Regions
8 . GLOBAL IMMERSION COOLING FLUIDS MARKET ANALYSIS BY END-USE
8.1 Overview by End-Use
8.2 Historical and Forecast Data
8.3 Analysis by End-Use
8.4 Transformers Historic and Forecast Sales by Regions
8.5 Data Centers Historic and Forecast Sales by Regions
8.6 EV Batteries Historic and Forecast Sales by Regions
8.7 Solar Photovoltaic Historic and Forecast Sales by Regions
9 . GLOBAL IMMERSION COOLING FLUIDS MARKET ANALYSIS BY GEOGRAPHY
9.1. Regional Outlook
9.2. Introduction
9.3. North America Sales Analysis
9.3.1. Overview, Historic and Forecast Data Sales Analysis
9.3.2. North America By Segment Sales Analysis
9.3.3. North America By Country Sales Analysis
9.3.4. United State Sales Analysis
9.3.5. Canada Sales Analysis
9.3.6. Mexico Sales Analysis
9.4. Europe Sales Analysis
9.4.1. Overview, Historic and Forecast Data Sales Analysis
9.4.2. Europe by Segment Sales Analysis
9.4.3. Europe by Country Sales Analysis
9.4.4. United Kingdom Sales Analysis
9.4.5. France Sales Analysis
9.4.6. Germany Sales Analysis
9.4.7. Italy Sales Analysis
9.4.8. Russia Sales Analysis
9.4.9. Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
9.5.1. Overview, Historic and Forecast Data Sales Analysis
9.5.2. Asia Pacific by Segment Sales Analysis
9.5.3. Asia Pacific by Country Sales Analysis
9.5.4. China Sales Analysis
9.5.5. India Sales Analysis
9.5.6. Japan Sales Analysis
9.5.7. South Korea Sales Analysis
9.5.8. Australia Sales Analysis
9.5.9. Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
9.6.1. Overview, Historic and Forecast Data Sales Analysis
9.6.2. Latin America by Segment Sales Analysis
9.6.3. Latin America by Country Sales Analysis
9.6.4. Brazil Sales Analysis
9.6.5. Argentina Sales Analysis
9.6.6. Peru Sales Analysis
9.6.7. Chile Sales Analysis
9.6.8. Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
9.7.1. Overview, Historic and Forecast Data Sales Analysis
9.7.2. Middle East & Africa by Segment Sales Analysis
9.7.3. Middle East & Africa by Country Sales Analysis
9.7.4. Saudi Arabia Sales Analysis
9.7.5. UAE Sales Analysis
9.7.6. Israel Sales Analysis
9.7.7. South Africa Sales Analysis
9.7.8. Rest Of Middle East And Africa Sales Analysis
10 . COMPETITIVE LANDSCAPE OF THE IMMERSION COOLING FLUIDS COMPANIES
10.1. Immersion Cooling Fluids Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments
11 . COMPANY PROFILES OF IMMERSION COOLING FLUIDS INDUSTRY
11.1. Company Share Analysis
11.2. Market Concentration Rate
11.3. Nynas AB (Sweden)
11.3.1. Company Overview
11.3.2. Company Revenue
11.3.3. Products
11.3.4. Recent Developments
11.4. Ergon Inc. (US)
11.4.1. Company Overview
11.4.2. Company Revenue
11.4.3. Products
11.4.4. Recent Developments
11.5. PetroChina Company Limited (China)
11.5.1. Company Overview
11.5.2. Company Revenue
11.5.3. Products
11.5.4. Recent Developments
11.6. APAR Industries (India)
11.6.1. Company Overview
11.6.2. Company Revenue
11.6.3. Products
11.6.4. Recent Developments
11.7. Sinopec Lubricant Company (China)
11.7.1. Company Overview
11.7.2. Company Revenue
11.7.3. Products
11.7.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Type (Thousand Liters and USD MN)
- Mineral Oil Market Sales by Geography (Thousand Liters and USD MN)
- Fluorocarbon-Based Fluids Market Sales by Geography (Thousand Liters and USD MN)
- Synthetic Fluids Market Sales by Geography (Thousand Liters and USD MN)
- Others Market Sales by Geography (Thousand Liters and USD MN)
- Analysis Market by Technology (Thousand Liters and USD MN)
- Single-Phase Immersion Cooling Market Sales by Geography (Thousand Liters and USD MN)
- Two-Phase Immersion Cooling Market Sales by Geography (Thousand Liters and USD MN)
- Analysis by End-Use (Thousand Liters and USD MN)
- Transformers Market Sales by Geography (Thousand Liters and USD MN)
- Data Centers Market Sales by Geography (Thousand Liters and USD MN)
- EV Batteries Market Sales by Geography (Thousand Liters and USD MN)
- Solar Photovoltaic Market Sales by Geography (Thousand Liters and USD MN)
- Global Immersion Cooling Fluids Market Sales by Geography (Thousand Liters and USD MN)
- North America Market Analysis (Thousand Liters and USD MN)
- United State Market Analysis (Thousand Liters and USD MN)
- Canada Market Analysis (Thousand Liters and USD MN)
- Mexico Market Analysis (Thousand Liters and USD MN)
- Europe Market Analysis (Thousand Liters and USD MN)
- Europe Market Estimate by Country (Thousand Liters and USD MN)
- United Kingdom Market Analysis (Thousand Liters and USD MN)
- France Market Analysis (Thousand Liters and USD MN)
- Germany Market Analysis (Thousand Liters and USD MN)
- Italy Market Analysis (Thousand Liters and USD MN)
- Russia Market Analysis (Thousand Liters and USD MN)
- Spain Market Analysis (Thousand Liters and USD MN)
- Rest of Europe Market Analysis (Thousand Liters and USD MN)
- Asia Pacific Market Analysis (Thousand Liters and USD MN)
- China Market Analysis (Thousand Liters and USD MN)
- Japan Market Analysis (Thousand Liters and USD MN)
- India Market Analysis (Thousand Liters and USD MN)
- South Korea Market Analysis (Thousand Liters and USD MN)
- Australia Market Analysis (Thousand Liters and USD MN)
- Rest of Asia Pacific Market Analysis (Thousand Liters and USD MN)
- Latin America Market Analysis (Thousand Liters and USD MN)
- Brazil Market Analysis (Thousand Liters and USD MN)
- Argentina Market Analysis (Thousand Liters and USD MN)
- Peru Market Analysis (Thousand Liters and USD MN)
- Chile Market Analysis (Thousand Liters and USD MN)
- Rest of Latin America Market Analysis (Thousand Liters and USD MN)
- Middle East & Africa Market Analysis (Thousand Liters and USD MN)
- Saudi Arabia Market Analysis (Thousand Liters and USD MN)
- UAE Market Analysis (Thousand Liters and USD MN)
- Israel Market Analysis (Thousand Liters and USD MN)
- South Africa Market Analysis (Thousand Liters and USD MN)
- Rest of Middle East and Africa Market Analysis (Thousand Liters and USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisition
LIST OF FIGURES
- Research Scope of Immersion Cooling Fluids Report
- Market Research Process
- Market Research Methodology
- Global Immersion Cooling Fluids Market Size, by Region (Thousand Liters and USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Type
- Market Attractiveness Analysis by Technology
- Market Attractiveness Analysis by End-Use
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Type (Thousand Liters and USD MN)
- Mineral Oil Market Sales by Geography (Thousand Liters and USD MN)
- Fluorocarbon-Based Fluids Market Sales by Geography (Thousand Liters and USD MN)
- Synthetic Fluids Market Sales by Geography (Thousand Liters and USD MN)
- Others Market Sales by Geography (Thousand Liters and USD MN)
- Global Market Analysis by Technology (Thousand Liters and USD MN)
- Single-Phase Immersion Cooling Market Sales by Geography (Thousand Liters and USD MN)
- Two-Phase Immersion Cooling Market Sales by Geography (Thousand Liters and USD MN)
- Global Market Analysis by End-Use (Thousand Liters and USD MN)
- Transformers Market Sales by Geography (Thousand Liters and USD MN)
- Data Centers Market Sales by Geography (Thousand Liters and USD MN)
- EV Batteries Market Sales by Geography (Thousand Liters and USD MN)
- Solar Photovoltaic Market Sales by Geography (Thousand Liters and USD MN)
- Global Market Sales (Thousand Liters and USD MN)
- North America Market Sales (Thousand Liters and USD MN)
- Europe Market Sales (Thousand Liters and USD MN)
- Asia Pacific Market Sales (Thousand Liters and USD MN)
- Latin America Market Sales (Thousand Liters and USD MN)
- Middle East & Africa Market Sales (Thousand Liters and USD MN)
- Recent Development in Industry
- Top Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.