Analysis of R&D Investments and Strategies of 16 Companies in Liquid Cooling Plates
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The demand for liquid cooling in AI servers is rising, making it a necessity for data centers. This shift is documented in the 2025 annual reports and 2026 semi-annual reports, highlighting R&D investments by 16 A-share companies involved in liquid cooling plate development. The analysis covers R&D directions, product layouts, and market realization capabilities.
The significance of this transition lies in the increasing energy efficiency targets, with companies aiming to reduce Power Usage Effectiveness (PUE) from 1.3 to 1.15 through advanced control systems. Companies like Invec and Highlan are focusing on self-developed materials to lower costs, while others are expanding their product offerings from individual components to integrated cooling systems, adapting to existing data center infrastructures.
Looking ahead, the competitive landscape is evolving, with companies differentiating based on their core business strengths and R&D capabilities. The next 12 to 18 months will be crucial as these companies aim to convert their R&D efforts into market-ready products, with varying speeds of market realization and production capacity release.
Original report
算力中心液冷板：16家厂商研发投入对比与布局路径分析
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