Listed companies are competing in the liquid cooling raceway.

According to Trend Force's prediction, the global adoption rate of liquid cooling in data centers is expected to increase from 14% in 2024 to 26% in 2025. In China, it is projected that by 2027, as AI applications are scaled up and the liquid cooling ecosystem matures, the market size of liquid cooling will exceed one trillion yuan. Facing this blue ocean market, various parties have been actively laying groundwork in recent years. Currently, the liquid cooling data center industry chain covers upstream liquid cooling components, midstream liquid cooling servers and infrastructure, and downstream liquid cooling data centers. Related listed companies have heavily invested in and promoted liquid cooling technology, with many even launching full-chain liquid cooling solutions. For example, Ke Hua Data Co., Ltd. has announced that the company has launched a liquid cooling data center full life cycle service, featuring cold plate and immersion type liquid cooling products, with computing power liquid cooling containers already exported overseas. Recently, Guangzhou Gaolan Energy Technology Co., Ltd. stated on the investor interaction platform that the company can currently provide a variety of data center liquid cooling solutions, with comprehensive one-stop solution capabilities from heat dissipation architecture design, equipment integration to system debugging and operation. The company will continue to increase investment, actively seize market opportunities, and strive to promote the growth of the liquid cooling business.