Thermon’s Data Center Load Bank Quote Log Up 70% to Over $100M
Thermon’s quote log for liquid load banks jumped over 70% to more than $100 million in two months, while its multi-year pipeline topped approximately $400 million for data center deployments. The company projects these products to drive an extra 5-7% of organic growth for fiscal 2026.
1. Accelerating Order and Quote Activity
Thermon has seen its quote log for liquid load bank solutions surge by more than 70% in just two months, exceeding $100 million. Since entering the liquid-cooled data center market eight months ago, the company has secured orders for around 80 units, underlining strong demand from operators, commissioning firms, HVAC contractors, and rental partners.
2. Robust Pipeline and Growth Outlook
The multi-year opportunity pipeline for liquid load bank solutions has expanded to approximately $400 million, driven by unprecedented AI data center investments. Management forecasts these offerings will contribute an incremental 5-7% to organic growth in fiscal 2026, complementing a 22% rebound in capital project activity year-to-date.
3. Capacity Expansion and Strategic Position
To support rising demand, Thermon has increased manufacturing capacity and optimized production utilization. The company’s Decarbonization, Digitization, and Diversification strategy positions it to capture a liquid load bank market expected to grow about 20% annually through 2032, leveraging secular trends in power demand and electrification.