Two-phase cold plate cooling will take off as early as 2026-2027.
Thermal Design Power Trends
As of 2025, single-phase direct-to-chip (D2C) cooling remains the dominant solution for high-end GPU thermal management. However, as thermal design power (TDP) continues to climb, two-phase D2C cooling is expected to become essential, with large-scale adoption projected around 2026–2027.
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IDTechEx has engaged extensively with stakeholders across the data center value chain, including chip manufacturers, cold plate suppliers, and system integrators. While opinions differ on timing, there is broad consensus that single-phase D2C cooling begins to encounter limitations at approximately 1500W TDP, reaching its practical ceiling near 2000W.
Based on historical GPU TDP trends and roadmaps shared by leading chipmakers such as NVIDIA, IDTechEx forecasts that the transition to two-phase D2C cooling is imminent. Detailed analysis and projections are available in the IDTechEx report, “Thermal Management For Data Centers 2026-2036: Technologies, Markets, and Opportunities”.

TDP of data center GPUs: historical data and 2025 forecast. Source: Thermal Management for Data Centers 2026–2036
D2C Cooling: Challenges and Trade-offs
Single-Phase Cooling
Single-phase direct-to-chip cooling is a well-established and relatively simple technology that uses a liquid coolant, typically a water-glycol mixture (e.g., PG25, etc.), to absorb heat through convection without a phase change. Despite its maturity, it faces key challenges: potential coolant leakage that risks IT equipment damage, mechanical stress from high flow rates, and maintenance complexity due to dense data center plumbing.
Cooling a 1000W chip requires roughly 1.5 L/min of coolant, contributing to erosion corrosion and necessitating larger diameter quick disconnects, which increase system costs. Moreover, installation costs are significant, ranging from USD 200–400 per cold plate system (including QDs, manifolds, hoses, etc.). Although more energy-efficient over time, the high upfront capital expenditure (CAPEX) remains a barrier, particularly for retrofitting legacy data centers.
Two-Phase Cooling
Two-phase D2C cooling leverages the coolant’s phase change to achieve superior heat dissipation and efficiency at lower flow rates, around 0.3 L/min for a 1000W chip. This significantly reduces mechanical stress and pumping power requirements. However, the approach introduces environmental and economic concerns.
Fluorinated working fluids, commonly used in two-phase systems, can pose safety risks and contribute to greenhouse gas emissions if released as aerosols. Additionally, the CAPEX for two-phase setups is higher, factoring in not only the cold plates but also the infrastructure for fluid recycling and disposal.
While these systems promise greater thermal performance and potential long-term cost savings, the environmental impact and initial cost hurdles complicate widespread adoption. Nevertheless, careful design optimization can mitigate some of these challenges. IDTechEx’s “Thermal Management For Data Centers 2026-2036: Technologies, Markets, and Opportunities” quantifies both single- and two-phase cooling CAPEX, providing detailed component-level cost analyses.

Technical and commercial challenges of data center direct-to-chip cooling. Source: Thermal Management for Data Centers 2026–2036
Outlook
In summary, single-phase D2C cooling remains simpler and more mature but is constrained by higher maintenance demands and performance limitations. Two-phase D2C cooling offers enhanced efficiency and scalability for next-generation GPUs but faces environmental, technical, and cost-related barriers.
Despite these challenges, IDTechEx expects two-phase cold plates to gain traction, particularly as they offer easier retrofit compatibility compared to immersion cooling solutions. The “Thermal Management For Data Centers 2026-2036: Technologies, Markets, and Opportunities” report further outlines the technical and commercial barriers of both single- and two-phase immersion cooling technologies, along with a detailed roadmap and adoption timeline based on primary and secondary research.






























