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Industry Research
Two-Phase Immersion Cooling Technology Industry Research Report 2026
Market perspective
The global Two-Phase Immersion Cooling Technology market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
North America: the Two-Phase Immersion Cooling Technology market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the Two-Phase Immersion Cooling Technology market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the Two-Phase Immersion Cooling Technology market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of Two-Phase Immersion Cooling Technology include Parker Hannifin, Boyd, LiquidStack, Vertiv, Advanced Cooling Technologies, NTT, ZutaCore, Wiwynn and Gigabyte, among others; in 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
Read the full market overview
This report quantifies the global Two-Phase Immersion Cooling Technology market in terms of revenue (US$ million) and, where applicable, service volume (k units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Two-Phase Immersion Cooling Technology.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Two-Phase Immersion Cooling Technology Market by Company
Parker Hannifin
Boyd
LiquidStack
Vertiv
Advanced Cooling Technologies
NTT
ZutaCore
Wiwynn
Gigabyte
SEGUENTE
Delta
Green Revolution Cooling
Marathon Digital Holdings
Sugon DataEnergy
Two-Phase Immersion Cooling Technology Segment by Type
Closed-Loop System
Open-Loop System
Direct Immersion
Two-Phase Immersion Cooling Technology Segment by Application
Data Centers and Cloud Computing
AI and Machine Learning Infrastructure
Industrial Applications
Two-Phase Immersion Cooling Technology Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Two-Phase Immersion Cooling Technology market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Two-Phase Immersion Cooling Technology and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Two-Phase Immersion Cooling Technology.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Two-Phase Immersion Cooling Technology companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Closed-Loop System
- Open-Loop System
- Direct Immersion
Applications
- Data Centers and Cloud Computing
- AI and Machine Learning Infrastructure
- Industrial Applications
Companies covered
- Parker Hannifin
- Boyd
- LiquidStack
- Vertiv
- Advanced Cooling Technologies
- NTT
- ZutaCore
- Wiwynn
- Gigabyte
- SEGUENTE
- Delta
- Green Revolution Cooling
- Marathon Digital Holdings
- Sugon DataEnergy
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Two-Phase Immersion Cooling Technology by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Closed-Loop System
- 2.2.3 Open-Loop System
- 2.2.4 Direct Immersion
- 2.3 Two-Phase Immersion Cooling Technology by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Data Centers and Cloud Computing
- 2.3.3 AI and Machine Learning Infrastructure
- 2.3.4 Industrial Applications
- 2.4 Assumptions and Limitations
3 Two-Phase Immersion Cooling Technology Breakdown Data by Type
- 3.1 Global Two-Phase Immersion Cooling Technology Historic Market Size by Type (2021-2026)
- 3.2 Global Two-Phase Immersion Cooling Technology Forecasted Market Size by Type (2027-2032)
4 Two-Phase Immersion Cooling Technology Breakdown Data by Application
- 4.1 Global Two-Phase Immersion Cooling Technology Historic Market Size by Application (2021-2026)
- 4.2 Global Two-Phase Immersion Cooling Technology Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Two-Phase Immersion Cooling Technology Market Perspective (2021-2032)
- 5.2 Global Two-Phase Immersion Cooling Technology Growth Trends by Region
- 5.2.1 Global Two-Phase Immersion Cooling Technology Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Two-Phase Immersion Cooling Technology Historic Market Size by Region (2021-2026)
- 5.2.3 Two-Phase Immersion Cooling Technology Forecasted Market Size by Region (2027-2032)
- 5.3 Two-Phase Immersion Cooling Technology Market Dynamics
- 5.3.1 Two-Phase Immersion Cooling Technology Industry Trends
- 5.3.2 Two-Phase Immersion Cooling Technology Market Drivers
- 5.3.3 Two-Phase Immersion Cooling Technology Market Challenges
- 5.3.4 Two-Phase Immersion Cooling Technology Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Two-Phase Immersion Cooling Technology Players by Revenue
- 6.1.1 Global Top Two-Phase Immersion Cooling Technology Players by Revenue (2021-2026)
- 6.1.2 Global Two-Phase Immersion Cooling Technology Revenue Market Share by Players (2021-2026)
- 6.2 Global Two-Phase Immersion Cooling Technology Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Two-Phase Immersion Cooling Technology Head Office and Area Served
- 6.4 Global Two-Phase Immersion Cooling Technology Players, Product Type & Application
- 6.5 Global Two-Phase Immersion Cooling Technology Manufacturers Established Date
- 6.6 Global Two-Phase Immersion Cooling Technology Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Two-Phase Immersion Cooling Technology Market Size (2021-2032)
- 7.2 North America Two-Phase Immersion Cooling Technology Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Two-Phase Immersion Cooling Technology Market Size by Country (2021-2026)
- 7.4 North America Two-Phase Immersion Cooling Technology Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Two-Phase Immersion Cooling Technology Market Size (2021-2032)
- 8.2 Europe Two-Phase Immersion Cooling Technology Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Two-Phase Immersion Cooling Technology Market Size by Country (2021-2026)
- 8.4 Europe Two-Phase Immersion Cooling Technology Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Two-Phase Immersion Cooling Technology Market Size (2021-2032)
- 9.2 Asia-Pacific Two-Phase Immersion Cooling Technology Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Two-Phase Immersion Cooling Technology Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Two-Phase Immersion Cooling Technology Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Two-Phase Immersion Cooling Technology Market Size (2021-2032)
- 10.2 South America Two-Phase Immersion Cooling Technology Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Two-Phase Immersion Cooling Technology Market Size by Country (2021-2026)
- 10.4 South America Two-Phase Immersion Cooling Technology Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Two-Phase Immersion Cooling Technology Market Size (2021-2032)
- 11.2 Middle East & Africa Two-Phase Immersion Cooling Technology Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Two-Phase Immersion Cooling Technology Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Two-Phase Immersion Cooling Technology Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 Parker Hannifin
- 12.1.1 Parker Hannifin Company Information
- 12.1.2 Parker Hannifin Business Overview
- 12.1.3 Parker Hannifin Revenue in Two-Phase Immersion Cooling Technology Business (2021-2026)
- 12.1.4 Parker Hannifin Two-Phase Immersion Cooling Technology Product Portfolio
- 12.1.5 Parker Hannifin Recent Developments
- 12.2 Boyd
- 12.2.1 Boyd Company Information
- 12.2.2 Boyd Business Overview
- 12.2.3 Boyd Revenue in Two-Phase Immersion Cooling Technology Business (2021-2026)
- 12.2.4 Boyd Two-Phase Immersion Cooling Technology Product Portfolio
- 12.2.5 Boyd Recent Developments
- 12.3 LiquidStack
- 12.3.1 LiquidStack Company Information
- 12.3.2 LiquidStack Business Overview
- 12.3.3 LiquidStack Revenue in Two-Phase Immersion Cooling Technology Business (2021-2026)
- 12.3.4 LiquidStack Two-Phase Immersion Cooling Technology Product Portfolio
- 12.3.5 LiquidStack Recent Developments
- 12.4 Vertiv
- 12.4.1 Vertiv Company Information
- 12.4.2 Vertiv Business Overview
- 12.4.3 Vertiv Revenue in Two-Phase Immersion Cooling Technology Business (2021-2026)
- 12.4.4 Vertiv Two-Phase Immersion Cooling Technology Product Portfolio
- 12.4.5 Vertiv Recent Developments
- 12.5 Advanced Cooling Technologies
- 12.5.1 Advanced Cooling Technologies Company Information
- 12.5.2 Advanced Cooling Technologies Business Overview
- 12.5.3 Advanced Cooling Technologies Revenue in Two-Phase Immersion Cooling Technology Business (2021-2026)
- 12.5.4 Advanced Cooling Technologies Two-Phase Immersion Cooling Technology Product Portfolio
- 12.5.5 Advanced Cooling Technologies Recent Developments
- 12.6 NTT
- 12.6.1 NTT Company Information
- 12.6.2 NTT Business Overview
- 12.6.3 NTT Revenue in Two-Phase Immersion Cooling Technology Business (2021-2026)
- 12.6.4 NTT Two-Phase Immersion Cooling Technology Product Portfolio
- 12.6.5 NTT Recent Developments
- 12.7 ZutaCore
- 12.7.1 ZutaCore Company Information
- 12.7.2 ZutaCore Business Overview
- 12.7.3 ZutaCore Revenue in Two-Phase Immersion Cooling Technology Business (2021-2026)
- 12.7.4 ZutaCore Two-Phase Immersion Cooling Technology Product Portfolio
- 12.7.5 ZutaCore Recent Developments
- 12.8 Wiwynn
- 12.8.1 Wiwynn Company Information
- 12.8.2 Wiwynn Business Overview
- 12.8.3 Wiwynn Revenue in Two-Phase Immersion Cooling Technology Business (2021-2026)
- 12.8.4 Wiwynn Two-Phase Immersion Cooling Technology Product Portfolio
- 12.8.5 Wiwynn Recent Developments
- 12.9 Gigabyte
- 12.9.1 Gigabyte Company Information
- 12.9.2 Gigabyte Business Overview
- 12.9.3 Gigabyte Revenue in Two-Phase Immersion Cooling Technology Business (2021-2026)
- 12.9.4 Gigabyte Two-Phase Immersion Cooling Technology Product Portfolio
- 12.9.5 Gigabyte Recent Developments
- 12.10 SEGUENTE
- 12.10.1 SEGUENTE Company Information
- 12.10.2 SEGUENTE Business Overview
- 12.10.3 SEGUENTE Revenue in Two-Phase Immersion Cooling Technology Business (2021-2026)
- 12.10.4 SEGUENTE Two-Phase Immersion Cooling Technology Product Portfolio
- 12.10.5 SEGUENTE Recent Developments
- 12.11 Delta
- 12.11.1 Delta Company Information
- 12.11.2 Delta Business Overview
- 12.11.3 Delta Revenue in Two-Phase Immersion Cooling Technology Business (2021-2026)
- 12.11.4 Delta Two-Phase Immersion Cooling Technology Product Portfolio
- 12.11.5 Delta Recent Developments
- 12.12 Green Revolution Cooling
- 12.12.1 Green Revolution Cooling Company Information
- 12.12.2 Green Revolution Cooling Business Overview
- 12.12.3 Green Revolution Cooling Revenue in Two-Phase Immersion Cooling Technology Business (2021-2026)
- 12.12.4 Green Revolution Cooling Two-Phase Immersion Cooling Technology Product Portfolio
- 12.12.5 Green Revolution Cooling Recent Developments
- 12.13 Marathon Digital Holdings
- 12.13.1 Marathon Digital Holdings Company Information
- 12.13.2 Marathon Digital Holdings Business Overview
- 12.13.3 Marathon Digital Holdings Revenue in Two-Phase Immersion Cooling Technology Business (2021-2026)
- 12.13.4 Marathon Digital Holdings Two-Phase Immersion Cooling Technology Product Portfolio
- 12.13.5 Marathon Digital Holdings Recent Developments
- 12.14 Sugon DataEnergy
- 12.14.1 Sugon DataEnergy Company Information
- 12.14.2 Sugon DataEnergy Business Overview
- 12.14.3 Sugon DataEnergy Revenue in Two-Phase Immersion Cooling Technology Business (2021-2026)
- 12.14.4 Sugon DataEnergy Two-Phase Immersion Cooling Technology Product Portfolio
- 12.14.5 Sugon DataEnergy Recent Developments
13 Report Conclusion
14 Disclaimer
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