Cold Plate Liquid Cooling Set to Surge, Immersion Cooling Shows Promise

This in-depth report from Inspur International analyzes the liquid cooling industry, highlighting the necessity of liquid cooling as rack power consumption increases. NVIDIA's high-power GPUs, such as the B130-250kW and future Rubin series exceeding 1000kW, require advanced cooling solutions. The report details various liquid cooling methods: single-phase and two-phase cold plate, single-phase and two-phase immersion, and hybrid systems. Cold plate liquid cooling is expected to see rapid growth in 2025, with China's market projected to reach 25.3 billion yuan by 2028. Immersion liquid cooling is anticipated to gain traction with NVIDIA's next-generation chips, and domestic coolant manufacturers are poised for opportunities as international giants like 3M cease production. The report provides investment advice, highlighting key players in cold plate and immersion cooling, and notes risks including technological delays and intensified competition.