The global immersion cooling market size was estimated at USD 164.5 million in 2022 and is expected to expand at a CAGR of 22.5% over the forecast period. A big power distribution component is cooled using the IT technique known as immersion cooling by immersing it in a thermally conducting dielectric fluid. This method is used to cool components like transformers as well as electronic servers. The components are often submerged in coolant during this operation. Since these coolants are neither conductive nor capacitive, they present no risk to the electronics. The fans keep turning while moving the oil more slowly over the heat sinks, effectively transferring the heat generated by the electrical parts into the fluid.