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Immersion Coolers Market Research Report Information By Cooling Capacity (10-20kW, 21-50kW, 51-80kW and 80-120kW and 121-150kW), By Type (low temperature and high temperature), By Application (Manufacturing Industry, Food Industry, Consumer Industry and Other) By Sales Channel (Manufacturer/Distributor/Service provider and aftermarket) and By Region - Global Forecast to 2030

ID: MRFR/E&P/10423-CR | 128 Pages | Author: Anshula Mandaokar| July 2023

Global Immersion Coolers Market Overview

The Immersion Coolers Market was valued at USD 2,611.97 million in 2022. The Immersion Coolers Market is projected to grow from USD 2,778.09 million in 2023 to USD 4,462.98 million by 2030, exhibiting a compound annual growth rate (CAGR) of 7.01% during the forecast period (2023 - 2030). Increasing demand from end-user industries such as food industries, medical industries and consumer industries are expected to drive the growth of the immersion coolers market over the forecast duration. In addition, innovative product launch and product differentiation provide a lucrative opportunity to the manufacturers in the market.

Global Immersion Coolers Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Immersion Coolers Market Trends

  • Increasing Demand For Temperature Control In Various End-use Industries and Growing Need For Efficient And Effective Cooling Solutions to fuel the Immersion Coolers market

Temperature control is an essential aspect of various industries, and the need for accurate and consistent temperature control has increased with the advancements in technology and research. Immersion coolers play a crucial role in ensuring temperature control in various end-use industries, such as biotechnology, pharmaceuticals, healthcare, and chemical industries. In the biotechnology industry, temperature control is crucial for maintaining the viability of biological samples and reagents. Immersion coolers provide precise temperature control, which is necessary for maintaining the integrity of biological samples, including DNA, RNA, and proteins. These samples are often sensitive to temperature changes, and even a slight variation in temperature can lead to denaturation, degradation, or loss of activity. Hence, the use of immersion coolers is necessary to prevent damage to these samples during storage and transport. In the pharmaceutical industry, temperature control is critical for ensuring the stability and efficacy of drugs. Many drugs are sensitive to temperature changes and can degrade or lose their potency if exposed to high or low temperatures. Immersion coolers help maintain a consistent and controlled temperature during the manufacturing and storage of drugs, ensuring their stability and efficacy.

In the healthcare industry, temperature control is essential for the preservation of medical specimens, blood, and vaccines. These items are highly sensitive to temperature changes, and maintaining their integrity is crucial for accurate diagnosis and treatment. Immersion coolers are widely used in healthcare settings to store and transport medical specimens and blood products at a consistent and controlled temperature. In the chemical industry, temperature control is necessary for the synthesis and processing of various chemicals. Immersion coolers provide precise temperature control, which is crucial for controlling the rate of chemical reactions, preventing thermal runaway, and ensuring the quality and consistency of the end product.

Efficient and effective cooling solutions are necessary to prevent damage to equipment and samples during research and development processes. Immersion coolers play a critical role in ensuring the efficient and effective cooling of equipment and samples, which is driving their demand in various end-use industries. In research and development processes, many samples and equipment require cooling to prevent thermal damage and maintain their integrity. Immersion coolers offer an effective solution for cooling samples and equipment, as they provide direct and efficient cooling without requiring a complex refrigeration system. They are designed to circulate cooling fluid around the equipment or sample, which provides rapid and effective cooling.

In addition to their cooling capabilities, immersion coolers also offer other benefits, such as ease of use, portability, and low maintenance requirements. They are often compact and lightweight, which makes them easy to transport and use in different locations. They also have a user-friendly interface, which allows for easy control and monitoring of the cooling process.

Immersion Coolers Market Segment Insights

Immersion Coolers by Cooling Capacity Insights

Based on the cooling capacity, the market has been segmented into 10-20kW, 21-50kW, 51-80kW, 80-120kW and 121-150kW. Among them, above 10-20kW segment dominated the Immersion Coolers Market with a value of USD 834.57 million in 2022; with an expected CAGR of 6.35 % during the forecast period. The 10-20kW segment is suitable for small-scale applications that require low cooling capacity. These immersion coolers are designed to cool small motors, electronics, and other similar equipment. They are typically compact, portable, and easy to install, making them ideal for smaller operations that require simple cooling solutions.

Immersion Coolers by Type Insights

Based on type, the immersion coolers market has segmented into low temperature and high temperature. Low temperature immersion coolers segment dominated the Immersion Coolers Market with a value of USD 1,873.22 million in 2022; with an expected CAGR of 6.51 % during the forecast period. The low-temperature cooling segment is suitable for industrial applications that require cooling of equipment and processes to temperatures below ambient temperature, typically below 0°C. This type of cooling is often used in scientific research, medical and pharmaceutical industries, and other applications that require precise temperature control. Immersion coolers in this segment are designed to handle a range of cooling requirements, from small-scale applications to large industrial processes. They can use different types of cooling fluids, such as water or specialized coolants, and can provide precise temperature control for highly sensitive equipment and processes.

Immersion Coolers by application Insights

Based on the application, the market has been segmented into manufacturing industry, food industry, consumer industry and other. Among them, manufacturing industry segment dominated the Immersion Coolers Market with a value of USD 887.29 million in 2022; with expected CAGR of 6.35 % during the forecast period. The manufacturing industry segment includes a range of applications that require cooling for different industrial processes and equipment. This segment includes industries such as chemical manufacturing, metalworking, and pharmaceutical manufacturing. Immersion coolers in this segment are designed to provide precise temperature control for various industrial processes, from cooling of chemicals to maintaining optimal temperatures for metalworking processes.

Immersion Coolers by Sales Channel Insights

Based on the sales channel, the market has been segmented into manufacturer/distributor/service provider and aftermarket. Among them, manufacturer/distributor/service provider segment dominated the Immersion Coolers Market with a value of USD 1,973.26 million in 2022; with an expected CAGR of 6.67 % during the forecast period. The manufacturer/distributor/service provider segment includes immersion cooler manufacturers and distributors who sell their products directly to customers or through authorized resellers. This segment also includes service providers who offer installation, maintenance, and repair services for immersion coolers. Manufacturers in this segment typically have their own distribution channels and often have a dedicated sales force to promote their products. Distributors in this segment typically carry multiple brands of immersion coolers and sell them to customers through a network of resellers. Service providers in this segment offer a range of services to help customers maintain and repair their immersion coolers.

Immersion Coolers Regional Insights

Region-wise Immersion Coolers Market has been divided into North America, Europe, Asia-Pacific, Rest of the World. North America held the largest market share of 31.65% in 2022. North America is one of the leading markets for immersion coolers, driven by the presence of a wide range of industries that require effective cooling solutions. The region is home to several established players in the immersion cooler market and a large number of SMEs that offer innovative solutions. The North America immersion coolers market is highly competitive, with several key players including Julabo, Lauda-Brinkmann, and Thermo Fisher Scientific dominating the market. These companies offer a wide range of immersion cooling solutions and have a strong presence in the region.

The market is expected to grow significantly in the coming years, driven by factors such as the increasing adoption of industrial automation, growing demand for energy-efficient cooling solutions, and the rising trend of R&D investments.

North America is expected to continue to dominate the immersion coolers market due to the presence of major players and increasing adoption of the technology in various industries. However, the market growth may be hindered by factors such as the high cost of immersion cooling solutions and the availability of alternative cooling technologies.

Immersion Coolers Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Immersion Coolers Market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Immersion Coolers Market industry must offer cost-effective products to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the global Immersion Coolers industry to benefit clients and expand the Immersion Coolers market sector is to manufacture locally to reduce operating costs. The market for Immersion Coolers is recognized as being extremely competitive and fragmented. The market for Immersion Coolers offers considerable potential opportunities for domestic and unorganised companies. Some of the key players operating in the Immersion Coolers Market are Thermo Fisher Scientific, VWR International, LLC, Daikin Industries, Ltd, JULABO GmbH, Peter Huber Kältemaschinenbau AG, Sp Scientific, Polyscience, Northern Brewer, Analis and Lister Gmbh. To increase their global reach and client base, key firms are concentrating on acquisitions and product innovation.

JULABO GmbH manufactures temperature control devices. The company offers refrigerated and heating circulators, recirculating coolers, and water baths used for research, science and industry. It focuses on modern production technologies and high quality for outstanding products and services. Through its subsidiaries and also with the cooperation with distribution and service partners around the world it serves customers worldwide ensuring the best service.

VWR International, LLCis a leading global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. Its portfolio is used in virtually every stage of the most important research, development and production activities in the industries. The Company offers products such as biosafety cabinets, cleaning systems, gloves, swabs and wipers, environmental monitoring, labeling, and documentation. VWR International operates worldwide.

Key Companies in the Immersion Coolers Market includes

  • Thermo Fisher Scientific (United States)

  • VWR International, LLC (United States)

  • Daikin Industries, Ltd (Japan)

  • JULABO GmbH (Germany)

  • Peter Huber Kältemaschinenbau AG (Germany)

  • SP Scientific (United States)

  • Polyscience (United States)

  • Northern Brewer (United States)

  • Analis (Belgium)

  • Lister GmbH (Germany)

Immersion Coolers Industry Developments

November 2021JULABO GmbH has completed acquisition of GAF from Saxony, the medium-sized company that carried additional expertise in electronics and automation to the company.

June 2019JULABO GmbH has launched CORIO CP. This CORIO circulators have been developed with pioneering technologies for these laboratories and are manufactured to the highest quality standards in Germany. With the new CP models, the CORIO family has added powerful heating immersion circulators, refrigerated circulators, and heating circulators.

Immersion Coolers Market Segmentation

Immersion Coolers Cooling Capacity Outlook

  • 10-20kW

  • 21-50kW

  • 51-80kW

  • 80-120kW

  • 121-150kW

Immersion Coolers Type Outlook

  • Low Temperature

  • High Temperature

Immersion Coolers Application Outlook

  • Manufacturing Industry

  • Food Industry

  • Consumer Industry

  • Other

Immersion Coolers Sales Channel Outlook

  • Manufacturer/Distributor/Service Provider

  • Aftermarket

Immersion Coolers Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East & Africa

    • South America

Report Attribute/Metric Details
Market Size 2022 USD 2,611.97 million
Market Size 2023 USD 2,778.09 million
Market Size 2030 USD 4,462.98 million
Compound Annual Growth Rate (CAGR) 7.01% (2023-2030)
Base Year 2022
Forecast Period 2023-2030
Historical Data 2019 & 2021
Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered cooling capacity, type, application, sales channel and region
Geographies Covered North America, Europe, Asia Pacific, Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Saudi Arabia, UAE, Argentina,
Key Companies Profiled Thermo Fisher Scientific (United States), VWR International, LLC (United States), Daikin Industries, Ltd (Japan), JULABO GmbH (Germany), Peter Huber Kältemaschinenbau AG (Germany), SP Scientific (United States), Polyscience (United States), Northern Brewer (United States), Analis (Belgium) and Lister GmbH (Germany)
Key Market Opportunities Advancements In Technology, Such As The Development Of Portable Immersion Coolers With User-friendly Interfaces
Key Market Dynamics Increasing Demand For Temperature Control In Various End-use Industries, Such As Biotechnology, Pharmaceuticals, Healthcare, And Chemical IndustriesGrowing Need For Efficient And Effective Cooling Solutions To Prevent Damage To Equipment And Samples During Research And Development Processes

Frequently Asked Questions (FAQ) :

Immersion cooling market size was expected US$ 2,611.97 Mn by 2022

global Immersion Coolers Market is Expected to Grow at a 7.01% CAGR bya 2030.

North-America is the largest market regions for Immersion Cooler industry.

Thermo Fisher Scientific (United States), VWR International, LLC (United States), Daikin Industries, Ltd (Japan), JULABO GmbH (Germany), Peter Huber Kältemaschinenbau AG (Germany), SP Scientific (United States), Polyscience (United States), Northern Brewer (United States), Analis (Belgium) and Lister GmbH (Germany) are the major top players of Immersion Cooler market.

10-20 kW is the cooling capacity majorly used in Immersion Coolers Market.

Low Temperature Segment has largest market area in Immersion Coolers Market.

In Manufacturing Industry the Immersion Coolers Market applications are majorly covered.

Manufacturer/Distributor/Service Provider are the major Sale Channels.

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