半导体温控设备，也叫半导体专用温控设备（ Chiller ），主要用于半导体制造过程中精确控制反应室的温度。半导体专用温控设 备利用制冷循环和工艺冷却水的热交换原理通过对半导体工艺设备使用的循环液的温度、流量和压力进行高精密控制，以实现半导 体工艺制程的控温需求，是集成电路制造过程中不可或缺的关键设备。依据不同工艺制程要求控制给定温度的循环液流经半导体工 艺设备反应腔内的电极或其壁面，将热量带入半导体专用温控设备，半导体专用温控设备通过热交换器将热量传递给制冷剂，再通 过制冷剂将热量释放给工艺冷却水，从而实现对工艺制程的温度控制。 据 QYResearch 调研团队最新报告"全球半导体温控设备市场报告 2025-2031 "显示，预计 2031 年全球半导体温控设备市场规模将达 到 12.3 亿美元，未来几年年复合增长率 CAGR 为 5.9% 。 半导体温控设备 ，全球市场总体规模 如上图表 / 数据，摘自 QYResearch 半导体研究中心最新报告"全球 半导体温控设备 市场研究报告 2025-2031 " . 全球 半导体温控设备 市场前 25 强生产商排名及市场占有率（基于 2025 年调研数据；目 ...

Vertiv (VRT) 2025 Conference Summary Industry Overview - The discussion primarily revolves around the **data center cooling industry**, specifically focusing on **liquid cooling** and **thermal management** solutions. Key Points and Arguments Liquid Cooling Market - Vertiv holds a **20-25% market share** in air cooling and aims to maintain or exceed this share in the liquid cooling segment despite increased competition from new entrants like CoolIT, Nidec, and Schneider [4][5][6] - The company anticipates **consolidation** in the liquid cooling market, similar to historical trends in the data center space, and believes its **innovation, technology, and service capabilities** will provide a competitive edge [6][6] - Vertiv projects that liquid cooling will represent about **one-third of the total cooling market** for data centers in the medium to long term, indicating a significant growth trajectory [19][19] Partnership with NVIDIA - The partnership with NVIDIA is viewed as a **mutual benefit**, enhancing Vertiv's position in the digital critical infrastructure market rather than a competitive barrier [10][12] - The collaboration is expected to facilitate the development of integrated power and cooling solutions, which are increasingly demanded as **IT densification** rises [14][15] Growth and Capacity Expansion - Vertiv's cooling capacity grew by **45% in 2024**, with plans for continued expansion in 2025 to meet regional demands [18][18] - The company is focusing on **geographical expansion** and ensuring sufficient capacity to accommodate industry growth dynamics [18][18] Integrated Solutions - The company emphasizes the importance of **integrated solutions** in addressing the complexities of modern data centers, which require a holistic approach to power and cooling [15][16] - Vertiv is enhancing its **infrastructure solutions** to optimize customer offerings and streamline delivery processes [16][17] Prefabricated Components - Prefabricated components are a growing segment, with liquid cooling and prefabrication driving significant growth acceleration [24][26] - While currently a small portion of revenue, the potential for prefabrication to expand is recognized as part of the broader long-term strategy [24][26] Service Revenue Growth - Vertiv is expanding its service offerings beyond traditional UPS services to include **liquid cooling services**, which are critical for the performance of high-density data center equipment [27][30] - The company sees **project services** as a competitive advantage, supporting medium to large projects throughout the installation and commissioning process [33][33] Supply Chain Resilience - The company has been working on enhancing the **resilience of its supply chain** post-COVID, adjusting manufacturing footprints and supplier relationships in response to global trade dynamics [57][58] - Vertiv is focused on regional manufacturing to mitigate risks associated with tariffs and supply chain disruptions [58][58] Market Dynamics and Customer Engagement - Conversations with traditional colocation companies focus on **capacity planning** and infrastructure design for future needs, highlighting Vertiv's role as an industry thought leader [61][62] - The company maintains a broad customer base, with no significant increase in customer concentration despite the rise of hyperscalers [63][63] Competitive Landscape in China - The competitive landscape in China is described as **intense**, with dynamics similar to the rest of Asia, but Vertiv leverages its global experience and efficiency focus to navigate this market [64][65] Additional Important Insights - The integration of cooling and power solutions is becoming increasingly critical as data center architectures evolve to support higher rack densities [14][15] - The company is exploring new service opportunities as the industry shifts towards higher voltage systems, indicating a proactive approach to emerging trends [42][42]