The rising penetration of data centers, large amounts of data generation, and quick usage of cloud services are major factors to propel the industry growth. Furthermore, the burgeoning internet users, growing smartphone penetration, increasing usage of social media, and growing focus of organizations to shift from server room environments to data centers are major industry drivers.

The single-phase category holds a larger industry share, of approx. 70%. It is attributed to various benefits provided by this technique to users. For instance, single-phase immersion cooling systems are energy efficient, easy to use, cost-efficient, and possess low-maintenance costs with an average life of 15 years. All such factors, fuel the demand for immersion cooling systems in data centers. It is substantially higher and hence leads the industry.

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Furthermore, the expansion of data centers to cater to the rising need for data centers and the increasing number of end users fuel the requirement for effective cooling solutions, that propel the industry growth.

Moreover, high-performance computing generates next-significant industry revenue. It is ascribed to the growing usage of HPC in the manufacturing, aerospace, finance, genomics, healthcare, media, and entertainment sectors.

HPC can be used to develop simulations, mitigate requirements for physical tests and save time and money. Thus, the infrastructure expansion for various HPC applications boosts industry growth.

North America holds the largest industry share, of 40%. It is ascribed to major investments in research development in the region and results in the development of highly efficient and technologically advanced next-generation facilities for power administration.

Therefore, high volumetric data generation propels the immersion cooling industry.