Investment Rating - The report indicates a positive investment outlook for the AI computing market, highlighting significant growth potential driven by advancements in artificial intelligence technology and increasing demand for computing power [2][4]. Core Insights - The AI computing market is expected to grow substantially, with the global market size projected to increase from $19.5 billion in 2022 to $34.66 billion by 2026, reflecting a robust compound annual growth rate [2][4]. - China's AI computing market is also on a growth trajectory, with the intelligent computing scale reaching 260 EFLOPS in 2022 and expected to exceed 1,117.4 EFLOPS by 2027, supported by government policies and initiatives [4]. Summary by Sections - **AI Development and Key Components**: The report emphasizes that AI's evolution over the past 60 years has been significantly influenced by advancements in algorithms, computing power, and data, with computing power being a critical factor in the recent deep learning wave since the 2010s [2]. - **Market Demand and Growth**: The demand for computing power is surging due to the rapid iteration of AI models and the expansion of AI application scenarios, leading to exponential growth in data processing needs [2]. - **Government Support in China**: The Chinese government has implemented various policies to enhance the role of AI in boosting national competitiveness, contributing to steady growth in the AI market [4].

Investment Rating - The report indicates a positive investment outlook for the flooring industry, highlighting the significant growth potential driven by the increasing demand for eco-friendly and multifunctional flooring materials [2]. Core Insights - The flooring industry is experiencing a clear trend towards green and environmentally friendly development, with stone crystal flooring becoming the mainstream product in the market [2]. - The global flooring market size reached USD 434.2 billion in 2022 and is projected to grow to USD 621.54 billion by 2028, with a compound annual growth rate (CAGR) of 6.16% from 2023 to 2028 [2][6]. - In China, the flooring industry is closely linked to the real estate sector, with a notable decline in flooring sales in 2022 due to a significant drop in residential property sales [6]. Summary by Sections Market Overview - The flooring market is categorized into various types, including carpets, wooden flooring, stone flooring, ceramic tiles, and PVC flooring, each with distinct characteristics and varying market penetration [2]. - The demand for flooring materials is influenced by factors such as practicality, aesthetics, and environmental considerations, with consumers increasingly favoring materials that are free from harmful substances [2]. Product Comparison - A comparative analysis of flooring products highlights the practical durability, safety, installation convenience, comfort, lifespan, and pricing of different materials [3]. - Stone crystal (SPC) flooring has surpassed bamboo and wooden flooring in sales volume, accounting for 47.7% of the market share in 2022, while bamboo flooring held 43.4% and wood-plastic (WPC) flooring represented 9% [7][9].

Investment Rating - The report indicates a strong investment potential in the flexible direct current (VSC-HVDC) transmission market, driven by the acceleration of ultra-high voltage (UHV) construction in China [1][3]. Core Insights - Flexible direct current transmission technology has significant advantages over conventional direct current transmission, including reactive power compensation, independence from supporting power sources, and flexible power control, making it a crucial component for future power systems [1]. - The total investment in flexible direct current projects is projected to approach 100 billion yuan in 2024, with the industry scale expected to reach 145.88 billion yuan by 2027, indicating a compound annual growth rate (CAGR) of 19.5% for the flexible direct current converter valve market [2]. - The "14th Five-Year Plan" emphasizes the construction of a new energy supply and consumption system, with a focus on large-scale wind and solar bases, which will significantly enhance the demand for converter valves and related industries [3]. Summary by Sections Section 1: Overview of Flexible Direct Current Transmission - Flexible direct current transmission (VSC-HVDC) is based on voltage source converters and has been developed for over 30 years, achieving significant application in various scenarios such as wind power transmission and interconnection of power grids [1]. Section 2: Market Size of Converter Valves - The converter valve market is expected to grow rapidly alongside the scaling of flexible direct current projects, with an estimated market size of 8.75 billion yuan in 2024, increasing to 14.92 billion yuan by 2027 [2]. Section 3: Investment in Ultra-High Voltage Projects - The "14th Five-Year Plan" outlines a significant increase in investment in ultra-high voltage projects, with a total investment of 380 billion yuan planned for the construction of 24 AC and 14 DC lines, covering over 30,000 kilometers [3].

Investment Rating - The report indicates a positive investment outlook for the autonomous driving industry, highlighting its rapid development and significant market potential [2][3]. Core Insights - The autonomous driving market is projected to grow from $121.78 billion in 2022 to approximately $2,353.93 billion by 2032, with a compound annual growth rate (CAGR) of 34.5% from 2022 to 2032 [3][5]. - The advanced driver assistance systems (ADAS) market is also expected to expand from $44.62 billion in 2022 to $158.24 billion by 2032, with a CAGR of 13.5% during the same period [3]. - In China, the autonomous driving market has grown from 68.1 billion yuan in 2017 to 330.1 billion yuan in 2023, with an average annual growth rate of approximately 30%, and is expected to reach 383.2 billion yuan in 2024 [5]. Summary by Sections Policy and Regulation - The development of autonomous driving technology is significantly driven by government policies, including the "Made in China 2025" initiative and various local government regulations aimed at promoting the industry [2][3]. Market Growth - The increasing penetration of electric vehicles and the demand for intelligent features are key drivers for the growth of the autonomous driving market [3][5]. - The current penetration rate of high-level autonomous driving systems in China is low, with only 9% of new cars sold in 2022 equipped with L3 autonomous driving technology, indicating substantial future market potential [5][8]. Technological Advancements - The report emphasizes the importance of advanced sensors and high-precision mapping in the development of autonomous driving systems, which enhance vehicle safety and performance [2][3].

Investment Rating - The report indicates a positive investment outlook for the solid-state battery industry, highlighting its potential to become a market favorite due to advancements in safety and energy density [2]. Core Insights - The transition from liquid lithium-ion batteries to solid-state batteries is driven by increasing safety concerns and the limitations of energy density in current technologies. Solid-state batteries are seen as a breakthrough in addressing these issues [2][4]. - The global market for solid-state batteries is projected to grow significantly, from 2 billion yuan in 2024 to 116.2 billion yuan by 2030, with an annual growth rate of 98% [5][7]. Summary by Sections Industry Overview - Lithium-ion batteries are currently dominant in various applications, including mobile phones and electric vehicles, but face challenges related to safety and energy density [2]. - Solid-state batteries, which replace liquid electrolytes with solid electrolytes, are gaining attention for their enhanced safety and energy density [3][4]. Comparison of Battery Technologies - Solid-state batteries offer higher safety due to the non-flammable nature of solid electrolytes, reducing risks of combustion and leakage associated with liquid electrolytes [4]. - They also provide greater energy density, allowing for the use of advanced electrode materials and enabling higher voltage configurations without the risk of decomposition [5]. Market Potential - The demand for high-safety, long-range batteries is increasing, particularly in the automotive sector, with major manufacturers expected to launch solid-state battery models between 2025 and 2030 [5][8]. - The solid-state battery market is positioned for rapid growth, driven by technological advancements and the rising need for efficient energy storage solutions [5][7].

Investment Rating - The report indicates a positive investment outlook for the biodiesel industry, driven by increasing carbon neutrality policies and technological advancements in biodiesel production [1]. Core Insights - The biodiesel industry is positioned for growth due to its environmental benefits, including reduced greenhouse gas emissions and improved fuel performance compared to traditional fossil fuels [1][4]. - The global biodiesel consumption is projected to grow from approximately 41.27 million tons in 2021 to an estimated 56.19 million tons by 2027, reflecting a compound annual growth rate (CAGR) of about 5.7% [4][6]. - The European Union is the largest consumer of biodiesel, accounting for 35% of global consumption, highlighting the region's commitment to renewable energy targets [4][6]. Industry Overview - Biodiesel is produced from various feedstocks, including vegetable oils, animal fats, and waste oils, through a process called transesterification [1]. - The industry is categorized into three generations of biodiesel technology: - First-generation biodiesel, which is widely used but has limitations in terms of feedstock ratios and performance [1]. - Second-generation biodiesel, which utilizes hydrogenation processes to enhance performance and compatibility with engines, is gradually being commercialized [1]. - Third-generation biodiesel, which is still under research, aims to broaden feedstock options but currently has higher production costs [1]. - The upstream market participants include suppliers of raw materials such as waste oils and methanol, while the midstream consists of biodiesel production and manufacturing companies [2].

数据产量迅猛增长，大数据产业发展前景广阔 汉鼎智库咨询 2024-04-24 大数据行业可分为基础设施支撑层、数据服务层和融合应用层。 数据资源 合应 电力大数据 H绿大数据 信用大数据 数据 e a 近年来,大数据行业在全球范围内得到了广泛关注和飞速发展。2023年 全球大数据行业市场规模达 3,075.10 亿美元,预计 2032 年将达 9,243.90 亿美元。 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2032 2023 2024 2025 2026 2027 2028 2029 2030 2031 ■ 全球大数据产业市场规模(亿美元) 图表 1 全球大数据行业市场规模 数据来源： Fortune Business Insights l 2022 年我国数据产量达 8.1ZB，同比增长 22.7%，占全球数据总产量 10.5%，位居世界第二。截至 2022 年年底，我国存力总规模超 1000EB， 数据存储量达 724.5EB，同比增长 21.1%，占全球数据总存储量的 14.4%。 11. 00% 9 10. 50 ...

Market Overview - The scale of China's public opinion big data market reached 14.91 billion yuan in 2022, showing a rapid growth trend supported by technologies like 5G and cloud computing[2] - The market is expected to continue growing under the support of policies such as the "14th Five-Year Plan"[2] Cloud Computing Segmentation - In 2022, the IaaS market size was 244.2 billion yuan, three times larger than the combined PaaS and SaaS markets[4] - The PaaS market size was 34.2 billion yuan, while the SaaS market size was 47.2 billion yuan[4] Digital Transformation Trends - The digital economy in China is accelerating, forcing enterprises to transform and integrate their value chains[9] - SaaS applications are categorized into six major types, including business management, office communication tools, and data analysis services[9] Future Projections - The SaaS market is expected to experience a surge due to policies driving the digital transformation of small and medium-sized enterprises[4] - The integration of SaaS and PaaS is a current trend in the cloud computing market, reflecting the evolving needs of the digital era[3]

Investment Rating - The report indicates a positive investment outlook for the data governance and data intelligence industry, highlighting significant growth potential driven by digital transformation and AI applications [2][3]. Core Insights - The demand for data governance is expected to increase as enterprises undergo digital transformation, with a particular focus on the value of unstructured data and the optimization of multi-source heterogeneous data governance modules [2]. - The Chinese data governance market was approximately 13.3 billion yuan in 2022 and is projected to reach 30.2 billion yuan by 2027, while the AI-focused data governance market is expected to grow from 4.5 billion yuan in 2022 to 12.1 billion yuan by 2027 [3]. - The commercial data intelligence foundational applications include big data analytics platforms, reporting/analysis/visualization platforms, and AI development platforms for enterprises, with the big data analytics platform being the largest segment at 20.7 billion yuan in 2022 [6]. Market Size and Growth - The data security market in China has seen substantial growth, increasing from 2.29 billion yuan in 2017 to 9.92 billion yuan in 2022, with a compound annual growth rate of 32.6% [3]. - The report emphasizes the increasing importance of data security, driven by government focus and the need to protect data throughout its lifecycle [3].

Investment Rating - The report indicates a positive investment outlook for the film capacitor industry, driven by the growth in the new energy sector and increasing demand for electronic components [1]. Core Insights - The film capacitor market in China is experiencing robust growth, with a sales revenue of approximately 14.5% year-on-year increase in 2022, reaching about 14.91 billion yuan, and is projected to grow to 22.28 billion yuan by 2027, reflecting an average annual growth rate of 8.4% from 2022 to 2027 [2]. - The market size for film capacitors in China was 12.88 billion yuan in 2022, with expectations to reach 18.14 billion yuan by 2027, indicating a compound annual growth rate of 7.1% over the same period [4]. - The film capacitor industry is characterized by intense competition, with over a hundred manufacturers in China, producing a wide range of capacities from millions to tens of billions of units [1]. Summary by Sections Industry Overview - Film capacitors are essential components in various sectors, including new energy vehicles, photovoltaic systems, and wind power generation, due to their stability, low loss, and high reliability [1]. - The production of film capacitors in China is primarily focused on polyester and polypropylene types, with significant domestic and international market presence [2]. Market Dynamics - The growth of the film capacitor market is closely linked to advancements in the new energy sector and the increasing demand for consumer electronics, which has been further accelerated by government investments in infrastructure and renewable energy [4][5]. - Despite some challenges in traditional applications, the demand for film capacitors is expected to rise due to the ongoing upgrades in consumer electronics and industrial control technologies [5].