Group 1 - The liquid cooling server concept stocks have strengthened, with significant gains observed in companies such as Shenling Environment, Xinpeng Co., Dayuan Pump Industry, and others [1] - According to Zheshang Securities, the liquid cooling market is expected to grow rapidly, with projected market sizes of approximately 354 billion, 716 billion, and 1082 billion yuan from 2025 to 2027, respectively, and is anticipated to exceed 1000 billion yuan by 2027 [1] - IDC forecasts that the annual compound growth rate of China's liquid cooling server market will reach about 48% from 2025 to 2029, with a market size of approximately 16.2 billion USD by 2028 [1] Group 2 - CITIC Securities indicates that the demand for liquid cooling is driven by the increased thermal design power density of AI servers from companies like Google, Meta, Microsoft, and AWS, along with the continuous release of ASIC chips and NVIDIA GPUs [2] - The penetration rate of liquid cooling is expected to rise significantly, expanding market space as domestic liquid cooling companies demonstrate strong capabilities in technology, product quality, cost, and service [2] - Everbright Securities highlights that with the rapid development of the AI industry, HVDC (High Voltage Direct Current) technology is becoming increasingly advantageous in AI data centers, suggesting a sustained increase in its penetration rate [2]
液冷服务器市场高增速 千亿规模蓝海驱动算力基础设施扩容
Shang Hai Zheng Quan Bao·2025-08-13 00:43