Group 1 - The core viewpoint of the report highlights the rapid growth of the liquid cooling server market in China, with a projected market size of $2.37 billion in 2024 and a compound annual growth rate (CAGR) of 46.8% from 2024 to 2029, reaching $16.2 billion by 2029 [1][2] - The data center cooling market is also expanding, with a current size of $7.67 billion in 2023, expected to grow to $16.87 billion by 2028, while the global liquid cooling market is anticipated to increase from $1 billion in 2023 to approximately $5.6 billion by 2028 [1][2] Group 2 - The development of liquid cooling technology is driven by the increasing power density of data center cabinets, which generates more heat and necessitates advanced cooling solutions. Liquid cooling offers advantages such as lower energy consumption, higher cooling efficiency, lower noise, and reduced total cost of ownership (TCO) compared to traditional air cooling [2] - Liquid cooling technology is categorized into contact and non-contact types, with both the Chinese and global markets experiencing high double-digit growth rates [2] Group 3 - Single-phase cold plate liquid cooling is currently the mainstream application, requiring minimal modifications to communication equipment and infrastructure, and is the most mature technology in the industry. The cost of liquid cooling in data centers is approximately 11,818 yuan per kW, saving an average of about 1.8396 million yuan annually compared to air cooling [3] - Immersion liquid cooling is energy-efficient, compact, and highly reliable, with the market size expected to grow from $12 million in 2024 to $486 million by 2029. The cooling liquids used typically include fluorinated liquids, and the exit of 3M from PFAS production may benefit domestic companies in this sector [3] Group 4 - Companies to watch in this sector include Juhua Co., Yonghe Co., New Zobang, Huayi Group, 8 Billion Space, and Runhe Materials [4]