| # | Company | Market | Market cap | % of segment | Today | 30 days | Close | Country |
|---|---|---|---|---|---|---|---|---|
| 1 | Vertiv Holdings VRT | US | $97.1B | 40.7% | +2.46% | 252.18 USD | USA | |
| 2 | AVC 3017.TW | TW | $42.4B | 17.8% | -1.99% | 3,440.00 TWD | Taiwan, China | |
| 3 | Jentech Precision Industrial 3653.TW | TW | $31.4B | 13.2% | -1.09% | 6,800.00 TWD | Taiwan, China | |
| 4 | nVent Electric NVT | US | $27.4B | 11.5% | +2.29% | 169.56 USD | UK | |
| 5 | Envicool 002837 | SZ | $10.3B | 4.3% | -2.93% | 53.95 CNY | China | |
| 6 | Shenling Environment 301018 | SZ | $4.9B | 2.1% | -3.49% | 88.31 CNY | China | |
| 7 | Jones Tech 300684 | SZ | $4.8B | 2.0% | +0.67% | 108.10 CNY | China | |
| 8 | Kaori Heat Treatment 8996.TW | TW | $4.4B | 1.9% | -3.51% | 1,510.00 TWD | Taiwan, China | |
| 9 | Auras Technology 3324.TW | TW | $4.4B | 1.8% | -1.31% | 1,505.00 TWD | Taiwan, China | |
| 10 | FRD Science & Technology 300602 | SZ | $3.0B | 1.3% | -2.49% | 34.88 CNY | China | |
| 11 | Sanhe Tongfei Refrigeration 300990 | SZ | $2.5B | 1.0% | -1.41% | 97.02 CNY | China | |
| 12 | Siqian New Material 301489 | SZ | $1.9B | 0.8% | -3.85% | 108.41 CNY | China | |
| 13 | Sunonwealth Electric Machine 2421.TW | TW | $1.5B | 0.6% | +1.22% | 166.00 TWD | Taiwan, China | |
| 14 | Goaland Energy 300499 | SZ | $1.4B | 0.6% | -6.18% | 31.41 CNY | China | |
| 15 | Yimikang Tech Group 300249 | SZ | $845M | 0.4% | -2.13% | 12.38 CNY | China | |
| 16 | Taisol Electronics 3338.TW | TW | $190M | 0.1% | +1.62% | 69.00 TWD | Taiwan, China |
The Liquid Cooling & Thermal segment of the AI compute value chain covers 16 listed companies across 3 markets (SZ, TW, US) and 4 countries/regions (China, Taiwan, China, UK, USA). As of October 04, 2026, the segment's combined market cap is $238.6 billion ($238.6B) — 0.9% of the $25.33T tracked across the whole chain.
Vertiv Holdings leads the segment at $97.1B (40.7% of the segment), followed by AVC ($42.4B) and Jentech Precision Industrial ($31.4B). Top-3 concentration is 71.6%.
For the full analysis of this segment — boundaries, competitive landscape, key tracking variables and where A-share names fit — read the Chinese version.