The eve of the outbreak of liquid cooled servers!
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About Us Industry Status: Transformation from "Edge Technology" to "Core Infrastructure"
1. Explosive demand and astonishing growth rate
Global data centers are facing dual challenges of computing power and energy consumption. Liquid cooling technology, with its core advantages of increasing heat dissipation efficiency by more than 50% and reducing energy consumption by 30%, has become the key to breaking through. According to the latest data, the average annual growth rate of China's liquid cooled server market will reach 50% from 2025 to 2027, and the global market size may exceed 21.3 billion US dollars by 2030! AI、5G、 The explosive demand for computing power driven by cloud computing has propelled liquid cooling from a "niche technology" to become the "water, electricity, and coal" of the digital economy.
2. Technological iteration: Cold plate dominant, submerged ready for deployment
The current mainstream technology is mainly based on cold plate liquid cooling (accounting for more than 80%), and its integrated delivery model of "liquid cooled servers+cabinets" has matured. Immersion liquid cooling (direct immersion) is moving from the laboratory to commercial applications due to its higher heat dissipation efficiency. Leading companies such as Zhongke Shuguang and Inspur have launched mass production solutions. Nvidia has announced that starting from 2025, all AI servers in the company will switch to liquid cooling technology, marking the acceleration of industry standardization.
3. Competitive landscape: Giants seize the market, dark horses emerge
Traditional server vendors such as Inspur Information and Zhongke Shuguang have taken the lead with their full stack layout, with R&D investment exceeding 2 billion yuan in 2022 and constantly increasing technological barriers. At the same time, "small and beautiful" enterprises such as Yimikang and Chuanrun Co., Ltd. broke out against the trend with component innovation, with a daily stock price increase of nearly 20%. The market presents a diversified competitive trend of "head concentration+segmented breakthroughs".
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Future Trends: Three Certainty Directions
Direction 1: Policy dividends+dual wheel drive of computing power and essential needs
The "East Calculation West Calculation" project requires the PUE (energy consumption ratio) of the data center to be less than 1.25, and traditional air cooling is difficult to meet the standard. Liquid cooling has become the only choice. Combined with the demand for high-density computing power in AI large-scale model training, the penetration rate of liquid cooled servers will soar from 15% in 2025 to 40% in 2030.
Direction 2: Industrial Chain Restructuring, Parts Enterprises Embrace the Trend
Liquid cooling technology has driven the explosion of segmented markets such as pumps, valves, pipelines, and coolant. Taking Chuanrun Co., Ltd. as an example, its liquid cooled pump and valve products have entered Huawei's supply chain, with a 200% year-on-year increase in order volume in 2024. Institutions predict that the market size of liquid cooled components will exceed 50 billion yuan by 2027
Direction 3: Global layout, huge potential for going global
The liquid cooling rate of data centers in Europe and America has exceeded 30%, while in China it is currently only 10%. With the technological breakthroughs of domestic manufacturers, overseas markets will become the second growth curve. In 2024, the export value of liquid cooled servers increased by 85% year-on-year, with North America and Southeast Asia becoming the main incremental markets.
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Who are you optimistic about in the liquid cooling revolution?
❓ Do you think liquid cooling technology will completely replace air cooling?
❓ Which liquid cooling concept stock are you most interested in?
---------Article excerpt from WeChat official account
