Thermon Group Holdings said its liquid load bank business has quickly become one of its fastest-growing new product lines, with the company’s quote log topping $100 million in April 2026, up nearly 70% from two months earlier and more than 70% higher than six months ago.
The company said it has secured orders for about 80 liquid load bank units since launching the product roughly eight months ago. Thermon also said its multi-year opportunity pipeline for the product has reached about $400 million.
Demand is being driven by liquid-cooled data centers, where the equipment is used to validate cooling systems and power infrastructure. Thermon said customer interest is coming from data center operators, commissioning firms, HVAC contractors and rental partners.
Chief Executive Bruce Thames said the company now expects these new products, including liquid load banks, to contribute about 5% to 7% to organic growth on top of growth already coming from the broader business.
Thermon also said capital project activity has rebounded 22% through the first three quarters of fiscal 2026. The company added manufacturing capacity to support the higher demand and said its market opportunity for liquid load banks is expected to grow at an annual rate of about 20% through 2032. The market has reacted to these announcements by moving the company's shares -1.31% to a price of $51.06. For the full picture, make sure to review Thermon's 8-K report.
