Zhi Tong Cai Jing·2025-08-05 09:01Group 1 - The core viewpoint is that intelligent computing power has become a new engine for infrastructure development, with the global computing power market reaching a scale of over 1 trillion yuan [2] - The global computing power scale has surpassed 910 EFLPOS, with a year-on-year growth of 40%, and intelligent computing power growing at a rate of 136%, accounting for 37% of the total computing power [2] - In China, the total computing power scale reached 237 EFLPOS, representing 26% of the global total, with the domestic computing infrastructure market estimated to be between 324.7 billion and 395 billion yuan in 2023 [2] Group 2 - The liquid cooling equipment market has exceeded 10 billion yuan, driven by high power consumption, energy efficiency improvements, and economic advantages [3][4] - Liquid cooling technology can be categorized into contact and non-contact methods, with single-phase cold plate liquid cooling currently dominating the market, accounting for over 90% of applications [3] - The necessity and advantages of liquid cooling are highlighted by the increasing power density of racks, with AI cluster computing density exceeding 50KW per rack, and liquid cooling showing a total utilization efficiency 15% higher than air cooling [4] Group 3 - The domestic data center cooling market is expected to reach 23.8 billion yuan by 2028, with the liquid cooling market projected to be 13.6 billion yuan [4] - The liquid cooling ecosystem includes upstream component suppliers, midstream liquid cooling server providers, and downstream computing power users, with companies like Invec and Feirongda being key players [5] - Invec is noted for its capability to provide a full-chain solution for liquid cooling [5]