趋势研判！2025年中国AI液冷行业发展历程、产业链、市场规模及行业发展趋势分析：产业链成熟度提升，市场渗透率加快，市场规模将持续增长[图]

Core Insights - AI liquid cooling is an efficient heat dissipation solution specifically designed for artificial intelligence (AI) devices, leveraging the superior thermal conductivity and high specific heat capacity of liquid mediums [3][6] - The AI liquid cooling market in China is experiencing rapid growth, with the market size expected to reach 184 billion yuan in 2024, a year-on-year increase of 66.1% from 2023, and projected to grow to approximately 1,300 billion yuan by 2029 [7][12] - The industry is witnessing a shift from traditional air cooling to liquid cooling due to its higher cooling efficiency, increased computing density, and reduced system power consumption [6][10] AI Liquid Cooling Industry Definition and Classification - Liquid cooling refers to the use of liquid as a cooling medium, which cools the process refrigerant liquid to around 17-45°C through CDU equipment, transferring heat generated by servers [1][3] - Liquid cooling can be classified into indirect contact and direct contact types, with direct contact including spray cooling and immersion cooling [3][5] AI Liquid Cooling Industry Development Status - The AI liquid cooling server market is projected to reach approximately 201 billion yuan in 2024, with expectations of 294 billion yuan in 2025 and 430 billion yuan by 2027 [6][7] - The demand for high-density computing facilities in AI service platforms is driving the growth of the liquid cooling market [6][10] AI Liquid Cooling Industry Chain - The upstream of the AI liquid cooling industry includes components such as cooling towers, cooling liquids, CDU, chillers, and electromagnetic valves [8][9] - The midstream involves AI liquid cooling solution providers and server OEM/ODM manufacturers, while the downstream applications span various sectors including internet, finance, data centers, AI computing, and industrial manufacturing [8][9] AI Liquid Cooling Industry Development History - The development of liquid cooling aims to save electricity consumption, with significant applications across multiple industries since its inception [10][11] AI Liquid Cooling Industry Competitive Landscape - Numerous companies in temperature control and thermal management are entering the liquid cooling sector, achieving notable results, including major players like Invid, High Cloud, and others [12] AI Liquid Cooling Industry Development Trends - Liquid cooling technology is rapidly integrating with AI and cloud computing, becoming a necessary solution as traditional air cooling reaches its physical limits [12] - The push for carbon neutrality and national policies in China are driving the adoption of liquid cooling, with expectations that over 50% of data center projects will utilize liquid cooling technology by 2025 [12]