从“可选项”变为“必选项”！AI算力爆发，推动上游液冷进入爆发期

Core Insights - The fifth International AIDC Liquid Cooling Supply Chain Summit will be held on December 18-19, highlighting the growing demand for liquid cooling solutions driven by the performance needs of AI chips [1] - The increasing power density of AI chips necessitates efficient cooling solutions, with liquid cooling transitioning from an optional to a mandatory technology in the industry [1][2] - The U.S. energy crisis and the Department of Energy's initiatives underscore the importance of liquid cooling in reducing energy consumption and alleviating power shortages [1] Group 1 - The value of liquid cooling components for NVIDIA's GB300 NVL72 AI system is approximately $49,860, a 20% increase compared to the previous model [1] - The total cooling cost for the next-generation Vera Rubin NVL144 platform is projected to rise by 17%, reaching around $55,710 [1] - Google has fully adopted liquid cooling solutions for its TPU V7 and above models, setting a benchmark for the industry [1] Group 2 - The Chinese government aims to reduce the Power Usage Effectiveness (PUE) of data centers to below 1.5 by the end of 2025, with liquid cooling technology playing a crucial role in achieving this target [2] - The demand for liquid cooling is also surging in ultra-high voltage and energy storage sectors, contributing to the overall market growth [3] - The global liquid cooling market for data centers is expected to reach approximately 68.8 billion yuan by 2026, with the domestic market accounting for about 17.9 billion yuan [3] Group 3 - The liquid cooling industry encompasses various segments, including cold plates, immersion cooling, cooling fluids, pumps, valves, heat exchangers, and system integration [3] - Cold plate liquid cooling is expected to dominate the market in the short term due to lower retrofitting costs, while immersion cooling holds long-term potential [3] - There is an accelerated process of domestic material localization for cooling fluids, with a focus on leading domestic liquid cooling companies, especially those likely to enter the supply chains of tech giants like NVIDIA [3]