MHI's AI Data Center Play: Cooling Nvidia's Next-Gen GPUs

MHI also offers 10MW-class centrifugal chillers designed for gigawatt-scale AI computing, specifically targeting the North American market . In partnership with KDDI, MHI commercialized single-phase liquid immersion cooling that cuts server cooling energy use by 94% and achieved a PUE of 1.05 in trials, now being deployed at industrial scale in Osaka . MHI's integrated solution also includes power, control, and electrification engineering .

MHI's Positioning in the North American Data Center Market

In May 2025, MHI established a new strategic and business base in Dallas, Texas, under Mitsubishi Heavy Industries America (MHIA) to drive its data center business in the U.S. The base provides power, cooling, control, and electrification products and services, targeting collaborations with American tech leaders .

In December 2025, MHI and EXEO Group built and began commercial use of Japan's first GPU servers with two-phase DLC, a landmark validation of the technology for AI workloads . The system enables stable cooling of 1,000–1,400W GPUs, reducing fan power, lowering PUE, and mitigating CO2 emissions .

In February 2026, MHI launched DIAVAULT, an industrial-grade edge data center platform designed for on-site AI inference in on-premises environments like manufacturing plants. It is a secure, high-performance edge system enabling local data and AI utilization . DIAVAULT can scale from small installations to multi-megawatt inference facilities .

Projected Growth of the Data Center Liquid Cooling Market (2026–2033)

Multiple analyst reports project strong growth for data center liquid cooling, driven by AI adoption and high-density computing. The most commonly cited consensus forecast for the broad data center liquid cooling market over the 2026–2033 period comes from MarketsandMarkets (July 2026) and GlobeNewswire (May 2026), both projecting growth from $4.07 billion in 2026 to $27.65 billion by 2033, at a 31.5% CAGR . Asia Pacific is expected to be the fastest-growing regional market at a 32.8% CAGR .

Other analyst forecasts offer variations. Yahoo Finance reported $29.2 billion by 2033 at 26.4% CAGR . A PRNewswire report focused on AI-specific liquid cooling projected $11.2 billion by 2033 at 17.2% CAGR . GlobeNewswire also published a projection of $38.4 billion by 2033 at 28.7% CAGR . Direct-to-chip cooling, the method MHI uses, captured 42.85% of the liquid cooling market share in 2025 .