Report published July 17, 2026
Data Center Cooling and Power: Quantifying the Shift to Liquid Cooling and 800VDC Architecture
Bernstein · July 17, 2026
This report provides an analysis of the equipment content value ($M/MW) for data center cooling and power systems, comparing traditional and next-generation architectures.
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Finvaulta summarizes Bernstein's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.Total cooling content increases from $1.1-1.5M/MW in air-cooled deployments to $1.3-1.8M/MW in liquid-cooled deployments.
- 2.The data center power equipment stack is shifting toward 800VDC architectures, which reshape the equipment mix but maintain significant total content per MW.
Table of Contents
- Details
- Cooling Equipment in Data Centers
- Power Architecture in Data Centers
- Total Cooling & Power Content Opportunity by Company
Report data
Total power content opportunity by architecture ($M/MW)
| Metric | Estimate | Context |
|---|---|---|
| Cooling Content | 1.1-1.5 $M/MW | Air-cooled data center |
| Cooling Content | 1.3-1.8 $M/MW | Liquid-cooled data center |
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