Comparing 24 vendors in Immersion Cooling Fluids across 62 criteria.
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Apr 02, 2023
360 Quadrants releases its list of “Top 25 Immersion Cooling Fluid Companies, Worldwide 2023,” in partnership with MarketsandMarkets. The report recognizes standouts in the immersion cooling fluids market, ranging from mid-sized enterprises to Fortune 500 companies. The vendor evaluation was conducted on over 200 companies, of which the top 25 were categorized and recognized as the new economic quadrant leaders.
Key trends highlighted in 360 Quadrants:
- Single-phase immersion cooling is adopted more than two-phase immersion cooling because of its low carbon footprint. Further, the high demand from cryptocurrency miners is expected to drive the single-phase immersion cooling segment from 2022 to 2027.
- Due to rising demand from transformers, easy availability, and lower prices, mineral oils are expected to hold the largest share of the immersion cooling fluids market. In 2022, the mineral oil segment accounted for 68% of the market, followed by fluorocarbon-based fluids and synthetic fluids.
- With the emergence of AI, blockchain/cryptocurrency mining, and other advanced technologies, the cooling requirements in data centers are gradually increasing and are expected to provide significant opportunities for the immersion cooling fluids market as it is the most cost-effective way to achieve maximum cooling.
- The Asia Pacific region is expected to become the largest energy-consuming region globally. The potential of immersion cooling fluids to ensure the cooling of equipment such as power transformers, data centers, and electric vehicle batteries in warm and harsh environments is one of the prime reasons for the increased adoption in the region. It accounts for the largest share of the market, followed by North America in terms of value in 2022.
- Developing economies such as India and other South Asian countries have agreed to modernize their grid network with an investment of USD 25.9 billion over the year duration of 2020-2029. Such expansions of grid networks and T&D systems will result in the installation of new transformers, thereby generating demand for immersion cooling fluids in transformers.
- The global immersion cooling fluids market is highly fragmented, with the top companies, such as Nynas AB (Sweden), Ergon Inc. (USA), PetroChina Company Ltd. (China), APAR Industries (India), and Sinopec Lubricant Company (China), registering a combined share of around 50%–60% in 2022.
- Immersion cooling solutions are widely adopted in data centers and electric vehicles. However, immersion cooling for EV batteries and charging stations has still not picked up pace due to improper chemical composition of the dielectric fluids. Companies like Solvay (Belgium), 3M (USA), and M&I Material (India) have now developed specially designed dielectric fluids for EV batteries.
The Full List
The Full List
| Logo | Rank & Company | Headquarters | Year Founded | Holding Type |
|---|---|---|---|---|
 |
1. Nynas | Stockholm, Sweden | 1928 | Private |
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2. Shell | London, UK | 1907 | Private |
 |
3. Sinopec | Beijing, China | 1998 | Public |
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4. TotalEnergies | Courbevoie, France | 1924 | Public |
 |
5. Honeywell | Charlotte, USA | 1906 | Public |
 |
6. Ergon | Flowood, USA | 1954 | Private |
 |
7. Lanxess | Cologne, Germany | 1862 | Public |
 |
8. Apar | Mumbai, India | 1958 | Public |
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9. Fuchs | Mannheim, Germany | 1931 | Public |
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10. 3M | Saint Paul, USA | 1902 | Public |
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11. PetroChina | Beijing, China | 1999 | Public |
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12. Solvay | Brussels, Belgium | 1862 | Public |
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13. GRC | Austin, USA | 2009 | Private |
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14. Cargill | Wayzata, USA | 1865 | Private |
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15. Castrol | Pangbourne, UK | 1979 | Public |
 |
16. Engineered Fluids | Tyler, USA | 2017 | Private |
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17. Lubrizol | Wickliffe, USA | 1928 | Public |
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18. Chemours | Wilmington, USA | 2015 | Public |
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19. Submer | Barcelona, Spain | 2015 | Private |
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20. M&I Materials | New Delhi, India | 1993 | Private |
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21. Dober | Illinois, USA | 1957 | Private |
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22. Fluorez Technology | Taipei, Taiwan | 2005 | Private |
 |
23. Zhejiang Noah Fluorochemical | Zhejiang Province, China | 2015 | Private |
 |
24. Capchem Technology | Sanming, China | 2007 | Private |
Frequently Asked Questions (FAQs)
Immersion cooling fluid is a type of liquid coolant that is used to dissipate heat generated by electronic components in immersion cooling systems. The coolant is a non-conductive liquid, usually oil or synthetic fluid, in which the electronic components are completely or partially submerged. To ensure efficient heat transfer and prevent damage to electronic components, the immersion cooling fluid must have specific properties such as high thermal conductivity, low viscosity, and low evaporation rate. Immersion cooling technology is gaining popularity in high-performance computing applications because it improves energy efficiency and allows for more computing power to be packed into a smaller space.
Immersion cooling works by immersing electronic components in a non-conductive liquid coolant that absorbs heat generated by conduction. The coolant has a higher boiling point than water, allowing it to remain liquid at high temperatures. The coolant flows over the surface of the components, absorbing and dissipating heat. The heated coolant is then routed to a cooling system, such as a heat exchanger or radiator, to cool before being recirculated. Immersion cooling technology has several advantages over traditional air cooling, including higher energy efficiency, lower noise, and higher reliability, particularly in high-performance computing applications.
Immersion cooling has a few advantages over the traditional way of cooling electronic parts with air. First, it makes heat transfer more efficient because liquids are better at carrying heat than air. This means that operating temperatures are lower, performance is higher, and less energy is used. Second, immersion cooling is better at cutting down on noise because it doesn't need moving parts or fans to cool the parts. Immersion cooling can also save money on maintenance costs because there are fewer parts to replace and dust and other contaminants can't get into the parts. Lastly, immersion cooling technology lets hardware be set up in a more compact and dense way, so it can do more computing in a smaller space.
Immersion cooling fluids come in many different kinds, such as:
1. Mineral oil : It is a non-conductive and non-flammable oil that is often used as a coolant for immersion. It is also easy to get and doesn't cost much.
2. Synthetic dielectric fluids: These fluids are made to cool down electronics, and they are often used in high-performance computing. They have a higher boiling point than mineral oil and can handle heat better.
3. Engineered fluids: They are special cooling fluids for immersion that are made for specific uses. Some engineered fluids are made to work best at high temperatures, while others are made to break down naturally.
4. Fluorocarbon-based fluids: They are a type of synthetic dielectric fluid that has good chemical stability, isn't toxic, and doesn't catch fire easily.
The choice of immersion cooling fluid will depend on a number of things, like the application, the cooling performance needed, and how well it works with the electronic parts.
Immersion cooling is usually safe for electronics, as long as the right steps are taken. Immersion cooling systems usually use a coolant that doesn't conduct electricity. This means that the coolant won't cause electrical shorts or damage to electronic parts.
But it's important to make sure the electronic parts are completely dry before turning them on, because any remaining water can cause electrical shorts or damage the parts. It is also important to keep the coolant at the right level and temperature and to make sure that the system is properly sealed so that there are no leaks.
Immersion cooling is a safe and effective way to cool electronic parts as long as the right safety precautions and maintenance steps are taken.
Choosing the right immersion cooling fluid depends on a number of things, such as its thermal conductivity, viscosity, rate of evaporation, compatibility, cost, and impact on the environment. The fluid should have a high thermal conductivity so it can move heat well, and its viscosity should be low enough so it can flow easily over the parts. The rate of evaporation should be low to stop coolant loss and the need for maintenance. To avoid damage or degradation, it is important that the materials and electronic parts work well together. Cost and availability should also be thought about, as well as things like biodegradability and toxicity that have to do with the environment. Talking to experts or manufacturers can help you figure out which immersion cooling fluid is best for a certain job.
The type of fluid used, the operating temperature, and the maintenance schedule all affect how often the immersion cooling fluid needs to be changed. Immersion cooling fluids can usually last for a few years, and some synthetic fluids can last up to 10 years before they need to be changed.
But over time, dust, debris, and other impurities can get into the coolant, making it less effective and possibly causing damage to the electronic parts. Because of this, it is best to keep an eye on the fluid and change it when needed.
How often you should change the immersion cooling fluid depends on the system and what the manufacturer suggests. In some cases, the fluid may need to be changed every year, while in others, the time between changes may be able to be spread out over several years. It is best to follow the instructions from the manufacturer and talk to experts to figure out how often to change the fluid.
Yes, high-performance computing (HPC) applications can use immersion cooling. Immersion cooling is becoming more and more popular as a way to solve HPC problems because it has many advantages over traditional air cooling. Immersion cooling can help manage heat better, use energy more efficiently, and pack more components into a given space. This can lead to better performance and lower operational costs. Immersion cooling also gets rid of the need for fans and air conditioning, so it can make HPC systems much quieter and leave less of a carbon footprint. Immersion cooling is a promising technology that could change the way we cool electronic parts and servers, especially in high-performance computing.
Immersion cooling has a number of environmental advantages, including:
1. Reduced energy consumption: By eliminating the need for fans and air conditioning, immersion cooling can significantly reduce the energy consumption of electronic components and servers. This can lead to lower electric bills and a lower carbon footprint.
2. Higher energy efficiency: When compared to traditional air cooling methods, immersion cooling can provide better thermal management and cooling performance. This allows electronic components to operate at higher temperatures, potentially improving energy efficiency.
3. Reduced greenhouse gas emissions: Immersion cooling can help to reduce the carbon footprint of electronic components and servers by lowering energy consumption and increasing energy efficiency. This can help to reduce the environmental impact of greenhouse gas emissions.
4. Reduced noise pollution: Because immersion cooling does not require fans, it can significantly reduce the noise produced by electronic components and servers. Employees in data centres and other environments where electronic components are used may benefit from this.
Overall, immersion cooling is a promising technology that can help to reduce the environmental impact of electronic components and servers, particularly in high-performance computing applications.
While immersion cooling has several advantages, there are some drawbacks to using this technology, which include:
Due to the need for specialised equipment and expertise, the initial cost of implementing an immersion cooling system may be higher than that of traditional air cooling systems.
Design complexity: Immersion cooling systems are more difficult to design and implement than traditional air cooling systems because they require specialised equipment and infrastructure.
Fluid compatibility: To ensure that immersion cooling fluids do not damage electronic components, fluid compatibility must be carefully considered.
Fluid maintenance: Immersion cooling systems necessitate routine maintenance such as fluid replacement and cleaning, which can be time-consuming and expensive.
Working with large amounts of dielectric fluid can pose safety risks if proper precautions are not taken.
Industry standards are limited: Because immersion cooling is a new technology, there are currently no widely accepted industry standards for immersion cooling systems.
Despite these challenges, immersion cooling is becoming more popular in a variety of industries due to its numerous advantages, particularly in high-performance computing applications where efficient thermal management is critical.
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