资本货物_Play it Cool_液体冷却简介及欧洲概况

Industry and Company Overview * Industry: Liquid cooling in the data center market, specifically focusing on direct-to-chip (DTC) and immersion cooling technologies. * Market Size: Estimated to grow at a 38% CAGR from $1.6bn in 2024 to $5.5bn in 2028. * Key Players: Vertiv, Schneider Electric, Legrand, Delta Electronics, nVent, AVC, Auras, and CoolIT. Key Takeaways Market Growth and Trends: * Market Growth: Liquid cooling is expected to grow significantly due to increasing data center rack densities and the need for more efficient cooling solutions. * TAM: The total addressable market (TAM) for liquid cooling is projected to reach $5.5bn by 2028. * CAGR: The Compound Annual Growth Rate (CAGR) for the liquid cooling market is expected to be 38% from 2023 to 2028. * Rack Density: As rack densities increase beyond 30kW/rack, liquid cooling becomes a necessity for efficient cooling. * PUE: Liquid cooling can improve data center Power Usage Effectiveness (PUE), contributing to better energy efficiency. Competitive Landscape: * Vertiv: A leading player in liquid cooling, with a strong offering and a significant presence in the market. * Schneider Electric: Focuses on traditional air cooling but has partnerships and pass-through products in the liquid cooling space. * Legrand: Strong position in rear-door cooling (RDHx) with the acquisition of Usystem. * Delta Electronics: Strong position in liquid cooling components, particularly CDUs and manifolds. * nVent: A large player in the liquid cooling market, particularly in Europe. * AVC, Auras, and CoolIT: Major global suppliers of cold plate modules for DTC liquid cooling. Technology and Solutions: * Direct-to-Chip (DTC): A more advanced and efficient cooling technology compared to immersion cooling. * Immersion Cooling: Involves submerging the entire server or specific components in a dielectric coolant. * Rear Door Heat Exchanger (RDHx): An air-to-liquid cooling solution that improves cooling efficiency compared to traditional air cooling. * CDU and Manifold: Key components of DTC liquid cooling systems, responsible for distributing coolant and managing heat exchange. Investment Opportunities: * Legrand: Well-positioned to benefit from the growth in rear-door cooling and data center sales. * Schneider Electric: Has a strong position in data center power equipment and could potentially expand its liquid cooling offerings. * Vertiv: A leading player in the liquid cooling market with a strong product portfolio and growth potential. Additional Important Points * Regulatory Drivers: Increasing regulations on data center PUE are driving the adoption of more efficient cooling solutions like liquid cooling. * Cost Savings: Liquid cooling can lower both CapEx and OpEx for data centers, particularly at high rack densities. * Asia Market: Asia is expected to be a leading market for cooling solutions, driven by expertise in metal processing and heat flow management.