The Zhitong Finance App learned that IDC released the latest “China Semi-Annual Liquid-Cooled Server Market (2023) Tracking” report. The data shows that China's liquid-cooled server market will continue to grow rapidly in 2023. In 2023, China's liquid-cooled server market reached US$1.55 billion, an increase of 52.6% compared with 2022, of which more than 95% use cold plate liquid cooling solutions. IDC predicts that in 2023-2028, the compound annual growth rate of China's liquid-cooled server market will reach 45.8%, and the market size will reach 10.2 billion US dollars in 2028.
According to IDC data, driven by industry needs and policies, the size of China's liquid cooling server market will further expand in 2023, and there will also be more and more partners participating in the liquid cooling ecosystem, indicating that the market's attitude towards liquid cooling solutions for data centers is very positive. As Chinese artificial intelligence companies and organizations demand more and more intelligent computing centers, both in terms of construction requirements and computing power supply, the energy consumption of IT equipment in such data centers has increased dramatically, and an efficient cooling system is needed to maintain an appropriate operating temperature. Otherwise, it will pose a huge challenge to the cycle management and operation and maintenance of large model products. On the other hand, while the country continues to raise the requirements for energy saving and emission reduction standards for data centers, local governments are also introducing various incentive policies in due course to speed up the deployment of green energy saving computing power in regions where demand for computing power is strong. As a result, liquid cooling solutions have gradually become “essential” from “optional” data center construction and transformation in the past.
From the perspective of manufacturer sales, the top three manufacturers in the 2023 market share were Inspur Information (000977.SZ), Superfusion, and Ningchang, which accounted for more than 70% of the market share. Although the market share is relatively concentrated this year, with the continuous rapid growth of the liquid cooling server market and the diversification of industry demand, the share gap between mainstream liquid cooled server manufacturers is gradually narrowing, and more and more server manufacturers are actively exploring the liquid cooling market.
From an industry perspective