According to CITIC Securities' analysis, several key factors are collectively propelling the growth of the liquid cooling pump industry. These include the rising power density of cabinets, the widespread implementation of liquid cooling technology, the easing of market access in overseas regions, and advancements in technological routes. Within the industrial supply chain, the circulation pump stands as the central power component of the Cooling Distribution Unit (CDU), representing 20% to 30% of the overall cost. Its performance directly affects system flow rates and operational stability. Manufacturing liquid cooling pumps is not a straightforward hardware production process; it entails significant entry barriers. This is due to the need for multidisciplinary collaborative development and extensive long-term reliability testing. Consequently, only a limited number of companies possess the capacity to supply these pumps on a large scale. As the industry shifts from mechanical pumps to canned pumps, suppliers that offer absolute sealing, high mean time between failures, customized development capabilities, and have undergone core customer validation will enjoy a substantial competitive edge.