[IDC: China’s liquid-cooled server revenue increased by 153.1% year-on-year in the first half of the year and began to be delivered in “cabinets”] According to the Science and Technology Innovation Board Daily on the 11th, IDC released a report stating that China’s liquid-cooled server market has grown rapidly in the past two years. In the first half of 2026, the revenue of manufacturers in China's liquid-cooled server market increased by 153.1% year-on-year, and the average annual compound growth rate of shipments in the next five years is expected to be close to 49%. But what is more noteworthy than the growth rate is the change that is taking place on the procurement side: more and more high-density computing power projects no longer select units as units, but instead configure and deliver computing nodes, inter-node interconnections, power supply and in-cabinet liquid cooling as a complete system. The cabinet is changing from a physical container in the computer room to a delivery unit for computing power procurement.