The immersion cooling market is projected to grow from USD 0.57 billion in 2025 to USD 2.60 billion by 2032, at a CAGR of 24.2% from 2025 to 2032. The primary driver for market growth is the rising demand for immersion cooling solutions, which are essential for developing efficient cooling systems capable of managing the escalating heat generation associated with high-performance computing and many other applications.
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Green Revolution Cooling (GRC), Inc. (US), Submer (Spain), Asperitas (Netherlands), LiquidStack (Netherlands), and Midas Immersion Cooling (US) are recognized as leaders in the immersion cooling market. These companies are positioned as prominent global players, typically characterized by robust financial standing. The financial strength of these firms enables them to capitalize on growth opportunities, maintain resilience during economic fluctuations, and invest significantly in research and development initiatives.
Green Revolution Cooling (GRC) is a leader in liquid immersion cooling solutions for data centers. Its patented technology significantly enhances performance, promotes sustainability, and optimizes total cost of ownership (TCO) by replacing traditional power-intensive air-cooling systems. The company’s ICEraQ micro-modular systems deliver high efficiency and reduce capital and operational expenditures by up to 50%.
Submer is a company that provides immersion cooling solutions for data centers and other IT infrastructure and related hardware. Based in Spain, it is known for developing innovative products designed to be effective and easy-to-operate liquid immersion cooling solutions. Submer uses inorganic and organic growth strategies to cater to prominent end users and gain market share in the immersion cooling market. In June 2021, Submer announced a partnership with ASA Computers, a leading IT solution provider that delivers innovative systems-to-rack solutions.
Asperitas is a high-tech company in the Netherlands specializing in global immersion cooling solutions for sustainable and high-density data centers. The company is known for its AIC24 solution, a self-contained unit designed for high-density CPU and GPU immersion cooling. Asperitas’ immersion cooling technology, called Immersed Computing, utilizes natural convection for high-density data centers, enabling sustainability and high performance.
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LiquidStack is one of the leaders in liquid immersion cooling for data centers, telecommunications, and blockchain systems. The company provides innovative and sustainable liquid cooling solutions with high performance, compactness, and energy efficiency. Its immersion cooling technology is designed to overcome the cooling crisis through unmatched heat rejection and efficiency. In September 2023, LiquidStack announced the launch of its new prefabricated modular solutions, MicroModular and MegaModular, which are compact, high-density, and designed for the most rugged environments.
Midas Immersion Cooling, a spin-off of Midas Networks, Inc., is dedicated to delivering eco-friendly and high-efficiency cooling solutions for data centers. The company specializes in single-phase immersion cooling systems that significantly reduce cooling costs by up to 90% while maximizing server density and eliminating the carbon footprint. Its product portfolio includes the Midas XCI series (12U, 50U, and 50C), MIDAS ASICE 2.0 for cryptocurrency applications, and the Midas XCI Containerized Data Center, offering up to 1 MW of compute power per unit. These solutions are designed to manage the high heat loads of modern data center hardware. They are ideal for environments ranging from small telecom stations to remote disaster recovery sites. Midas collaborates with top-tier vendors and solution providers to serve a global customer base and ensure seamless deployment and performance optimization.