中国GPU行业 独立市场研究报告 二零二五年六月六日 www.frostchina.com 2 目录 | 1 全球及中国AI芯片行业发展概况 | -------------------------------- | 05 | | --- | --- | --- | | 1.1 全球及中国集成电路市场规模 | -------------------------------- | 05 | | 1.2 主流AI芯片的分类及产品对比 | -------------------------------- | 05 | | 1.3 AI芯片的产业概况及现状分析 | -------------------------------- | 07 | | 1.3.1 AI芯片产业链 | -------------------------------- | 07 | | 1.3.2 中国算力规模 | -------------------------------- | 08 | | 1.3.3 AI芯片规模及GPU在其中的份额分析 | -------------------------------- | 09 | | 2 中国G ...

Investment Rating - The report indicates a positive investment outlook for the Chinese juice market, highlighting structural growth opportunities driven by consumer trends and technological advancements. Core Insights - The Chinese juice market is transitioning from "quantity" to "quality," with policy benefits and consumption upgrades driving growth. Companies with raw material control, cold chain technology, and high-end product innovation will lead the market [8][33]. - There is a significant shift in consumer preferences from traditional low-concentration beverages to natural, additive-free, and nutrient-rich pure juices, particularly in first-tier cities, while lower-tier markets are gradually upgrading [8][33]. - Advanced production technologies such as Non-Concentrated Juice (NFC) and High-Pressure Processing (HPP) are gaining traction, offering clear advantages in preserving the nutritional content and flavor of fruits, despite higher equipment and logistics costs compared to traditional methods [8][33]. - The improvement of cold chain logistics and multi-channel sales networks is enhancing the penetration of juice products in various consumption scenarios [8][33]. Chapter Summaries Chapter 1 – Overview of the Chinese Juice Market - The report defines juice categories based on juice content, including 100% pure juice, medium-concentration juice, and low-concentration juice, with a focus on the market's evolution and consumer trends [11][13][14]. Chapter 2 – Juice Industry Chain Analysis - The juice industry chain consists of raw materials, production processing, distribution, and sales terminals, with significant technical and financial barriers in raw material sourcing, manufacturing, and transportation [49][50]. Chapter 3 – Juice Consumption Trends - Consumer demand is shifting towards personalized, experiential, and health-oriented juice products, with a notable increase in the popularity of tropical fruit juices like mango and passion fruit [18][19][41]. Chapter 4 – Future Market Outlook - The retail market for juice is expected to grow from 143 billion RMB in 2020 to 158.4 billion RMB in 2024, with a compound annual growth rate of 2.6%. However, retail consumption volume is projected to decline due to a shift towards higher-priced products [33][39]. Chapter 5 – Case Studies of Juice Companies - The report highlights successful case studies of juice companies that have effectively leveraged technological advancements and consumer trends to capture market share and drive growth [8][33].

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The Chinese water purifier industry is experiencing steady growth driven by rising health awareness and technological advancements in smart water purification services [24][25] - The market size of the Chinese water purifier industry is projected to reach 143.18 billion yuan by 2024, with a compound annual growth rate of 8.0% from 2025 to 2029 [24][25] - The shift from traditional sales models to service-oriented models, including smart water purification services, is reshaping the competitive landscape [31][32] Summary by Sections 1. Overview of the Chinese Water Purifier Industry - Water purifiers are defined as devices that purify tap water using physical, chemical, or composite filtration technologies to remove harmful substances [6] - The industry has evolved from a focus on traditional sales to integrated product and service models, enhancing user experience and lifecycle value [12][14] 2. Overview of the Chinese Smart Water Purification Service Industry - Smart water purification services involve free deployment of devices and filters, with users paying based on water usage, significantly lowering initial costs [31] - The market for smart water purification services is expected to reach 880 million yuan by 2024, with a projected compound annual growth rate of 22.4% from 2025 to 2029 [37][38] 3. Key Participants in the Chinese Smart Water Purification Service Industry - Blue Password IoT Technology Co., Ltd. is a leading player in the smart water purification service sector, providing comprehensive services to over 4,000 institutions [42] - Sichuan Zhaoqian Yisheng Technology Co., Ltd. focuses on high-quality drinking water solutions and has developed a management service platform for public drinking water [44] - Shenzhen Kangxinyuan Intelligent Equipment Co., Ltd. specializes in smart health devices and offers innovative water purification solutions [45] - Yajing Intelligent Technology (Shanghai) Co., Ltd. integrates advanced purification technology with remote control systems to enhance user experience [48] - Suzhou Gudai Information Technology Co., Ltd. is dedicated to providing efficient and safe drinking solutions through technological innovation [49]

Investment Rating - The report indicates a positive investment outlook for the Chinese medical aesthetics industry, highlighting structural growth opportunities driven by regulatory compliance and technological innovation [7][9][51]. Core Insights - The Chinese medical aesthetics market is entering a new cycle characterized by quality development and regulatory compliance, which is expected to enhance consumer trust and expand the market [5][7]. - The report emphasizes the importance of technology and innovation in driving the industry forward, particularly through AI applications that improve diagnostic efficiency and service customization [9][51]. - The consumer landscape is evolving, with a growing awareness of anti-aging treatments and a shift towards more personalized and systematic approaches to aesthetic services [34][50]. Market Overview - The Chinese medical aesthetics market is projected to see a significant increase in the share of private institutions, reaching approximately 86% by 2029, indicating a competitive advantage over public institutions [11]. - The market size is expected to grow at a CAGR of 10.0%, with private institutions leading the growth due to their ability to offer personalized services and efficient appointment systems [14][15]. Consumer Insights - The consumer base is categorized into three groups: anti-aging pioneers, progressive consumers, and the new generation, each with varying levels of awareness and experience regarding anti-aging services [20][21]. - There is a strong consensus among consumers regarding the importance of anti-aging treatments, with 100% of the surveyed groups recognizing its significance [23][24]. - Preferences for aesthetic services show a clear trend towards anti-aging and skin rejuvenation treatments, with a notable demand for less invasive options that provide immediate results [25][26]. Anti-Aging Analysis and Outlook - The report identifies a gap between medical consensus on anti-aging treatments and consumer understanding, highlighting the need for better education on comprehensive treatment plans [34][50]. - The future of the anti-aging market is expected to shift towards a layered approach, integrating various treatment modalities to address the multifaceted nature of aging [51][52]. - The industry is poised for transformation through technological advancements, digital empowerment, and a restructuring of market dynamics, leading to a more holistic approach to skin health management [51][52].

Investment Rating - The report does not explicitly state an investment rating for the ultrasound-assisted facial rejuvenation industry Core Insights - The ultrasound-assisted facial rejuvenation industry in China is experiencing significant growth due to increasing consumer demand for aesthetic procedures and the rising prevalence of facial overfilling issues [8][19][21] - The market is characterized by a growing number of private medical institutions, which are capturing a larger share of the market compared to public hospitals [19][21] - The integration of ultrasound technology in facial rejuvenation procedures enhances precision and reduces risks associated with traditional methods [46][48] Summary by Sections Industry Overview - The facial rejuvenation industry in China has evolved from public hospitals to private institutions, with a notable increase in demand for facial rejuvenation services due to the rising incidence of facial overfilling [8][19] - The industry is segmented into public hospitals and private institutions, with private institutions gaining a competitive edge due to better service quality and experienced practitioners [19][21] Industry Drivers and Trends - The increasing acceptance of minimally invasive aesthetic procedures among consumers is driving the growth of the facial rejuvenation market [14][18] - Technological advancements in injection materials and techniques are improving the safety and effectiveness of aesthetic procedures, further boosting consumer confidence [18][21] Competitive Landscape and Benchmark Cases - The competitive landscape is marked by a high concentration of private medical institutions, which dominate the market share, while public hospitals maintain a strong presence due to their established reputation [19][21] - The report highlights the importance of marketing strategies employed by medical institutions to attract clients, with a focus on digital platforms and word-of-mouth referrals [35][37] Industry Chain - The industry chain consists of upstream suppliers of drugs and equipment, midstream service providers (public hospitals and private institutions), and downstream consumers (facial rejuvenation clients) [24][25] - Upstream suppliers are primarily local for dissolving enzymes, while foreign suppliers dominate the market for radiofrequency devices [27][31] Market Size and Forecast - The number of patients receiving facial rejuvenation services in China is projected to grow significantly, from 10.5 million in 2024 to 18.6 million by 2029, indicating a robust market expansion [19][21] - The report estimates a compound annual growth rate (CAGR) of 57.4% from 2020 to 2024 for the facial rejuvenation industry [21] Regulatory Environment - The Chinese government is actively implementing regulations to ensure the safety and quality of medical aesthetic services, which is expected to enhance consumer confidence in ultrasound-assisted facial rejuvenation procedures [22][23]

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The development of the home installation and maintenance service market is driven by technological advancements and demand upgrades [7] - The market size of the home installation and maintenance service sector is continuously expanding, indicating steady industry growth [8] - Luban Daijia is recognized as a leading third-party service platform in the industry, ranking first in service order volume and third in both GMV and GTV in 2024 [9] Market Overview - The home installation and maintenance service market encompasses services related to furniture, appliances, and building materials, including installation, maintenance, and after-sales services [11] - The market has evolved through three stages: initial development (1990-2004), early expansion (2005-2012), and standardized development (2013-present) [15][16] - The market size reached approximately RMB 700 billion in 2024, with expectations to grow to RMB 896.1 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2029 [10][26] Market Drivers - The increase in internet penetration is driving online sales growth, which in turn amplifies service demand [30] - The rise of third-party service platforms, exemplified by Luban Daijia, is enhancing service standardization and efficiency [31] - Real estate policy adjustments and the active stock housing market are stimulating service demand, particularly for renovation and maintenance services [32] Market Trends - The industry is moving towards platform-based operations, integrating services across the entire supply chain [33] - Service demand is expanding into diverse daily scenarios beyond traditional installation and maintenance [34] - The service chain is evolving from single-point operations to comprehensive solutions covering delivery, installation, and maintenance [35] - Digitalization is driving industry upgrades, fostering new service paradigms through advanced technologies [36] Competitive Landscape - The competitive landscape is characterized by a mix of third-party service platforms, independent service platforms, offline repair shops, and individual operators [40] - In 2024, Luban Daijia ranked first in service order volume among home installation and maintenance service platforms [38] - The report highlights the importance of service quality metrics, including order fulfillment rates and customer satisfaction, in evaluating platform performance [40]

Investment Rating - The report does not explicitly provide an investment rating for the enzyme-based food industry. Core Insights - The enzyme-based food market is driven by the increasing demand for functional and clean-label foods, addressing consumer needs for health and natural products [31][50]. - The market is expected to grow significantly, with the functional food market projected to reach CNY 5,788.5 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.8% [47][50]. - Enzyme-based foods are positioned to meet the needs of various consumer segments, including the elderly and those with specific dietary requirements, by enhancing nutrient absorption and supporting chronic disease management [38][39]. Summary by Sections Enzyme Types and Applications - Enzyme-based foods utilize various enzyme types, including oxidoreductases, transferases, hydrolases, lyases, isomerases, and ligases, to enhance food quality and safety [7][8]. - The core characteristics of enzymes—efficiency, specificity, and controllability—enable targeted transformation, nutritional enhancement, and texture improvement in food products [10][11]. Market Dynamics - The enzyme-based food market is characterized by diverse product forms, with tablets and capsules dominating the market, accounting for nearly 70% in 2024 [12]. - The industry value chain consists of upstream suppliers of raw materials, midstream manufacturers, and downstream consumers, creating a comprehensive ecosystem [14][15]. Technological Development - The application of enzymes in the food industry has evolved through stages, from initial reliance on foreign technology to domestic innovation and development of enzyme-based foods [17][22]. - The report highlights the importance of policy support and national standards in fostering a conducive environment for the growth of the enzyme-based food industry [27]. Consumer Trends and Needs - There is a growing consumer preference for health-oriented and convenient food options, with enzyme-based foods offering quick nutrient release and improved ingredient stability [33][35]. - The aging population in China is driving demand for specialized dietary products that support health and manage chronic diseases [39][40]. Market Size and Growth Projections - The enzyme preparation market in China is projected to grow from 207.4 million tons in 2024 to 265.7 million tons by 2029, with a CAGR of 5.1% [46]. - The functional food market, which includes enzyme-based foods, is expected to see substantial growth, driven by increasing health awareness and the demand for diverse food options [50][51].

Investment Rating - The report does not explicitly state an investment rating for the spicy strip industry Core Insights - The spicy strip industry in China is experiencing continuous market expansion driven by strong consumer demand and evolving preferences towards healthier and higher-quality snacks [21][24] - The industry is supported by various factors including urbanization, increased disposable income, and the rise of e-commerce channels [19][26] - The implementation of standardized regulations in 2022 is expected to enhance food safety and product quality, facilitating the industry's entry into international markets [24] Summary by Sections Macroeconomic Review - The macroeconomic environment in China shows positive trends with stable domestic demand and consumption leading to GDP growth [9][10] Current State of the Spicy Strip Industry - The Chinese snack food market is growing, with the spicy snack segment showing significant growth rates [15][18] - The market size for spicy strips is projected to increase from 712.8 billion in 2020 to 1,323.8 billion by 2029, reflecting a compound annual growth rate (CAGR) of 3.6% [21][22] - The industry is characterized by a low market concentration, with the top four brands holding less than 20% market share [31] Trends and Outlook - The spicy strip market is expected to continue its growth trajectory, with a focus on flavor preferences such as spicy and sweet-spicy varieties [38][40] - By 2024, the leading brand, "Mala Wangzi," is projected to capture approximately 51.2% of the market share in terms of sales [45][46] - The report highlights the importance of digital marketing and e-commerce in expanding market reach and catering to diverse consumer preferences [25][26]

Investment Rating - The report does not explicitly state an investment rating for the automotive parts industry Core Insights - The automotive parts industry is a crucial component of the automotive manufacturing sector, providing essential components beyond the vehicle chassis, and is fundamental to the development of the automotive industry [5] - The market for automotive parts in China is expected to grow significantly, driven by the increasing demand for electric vehicles and advancements in smart driving technologies [16][27] - The industry is characterized by high technical requirements and complexity, with significant barriers to entry due to the need for precision manufacturing and advanced materials [17][18] Summary by Sections 1. Market Analysis - The automotive parts market in China is categorized into fuel power system parts, general automotive parts, and new energy power system parts [5] - The market size for passenger vehicle parts is projected to increase from 2,894.68 billion CNY in 2020 to 4,037.82 billion CNY by 2024, with a compound annual growth rate (CAGR) of 8.7% [16] 2. Historical Development - The automotive parts industry has evolved through several phases, including initial dependency on state-owned manufacturers, the rise of joint ventures, and the emergence of domestic brands leading to technological advancements [7] - The current phase emphasizes the rapid growth of new energy vehicles and smart technologies, reshaping the industry landscape [7] 3. Regulatory Framework - The industry is regulated by several government bodies, including the National Development and Reform Commission and the Ministry of Industry and Information Technology, which oversee planning, policy formulation, and industry standards [10][12] 4. Technological Characteristics - The industry requires high precision and complex manufacturing processes, with significant emphasis on advanced materials and manufacturing techniques [17][18] - Key technological barriers include the need for extensive R&D investment and compliance with stringent safety and performance standards [32] 5. Market Drivers - Major drivers include supportive national policies, strong downstream demand, and the push for energy efficiency and lightweight materials [26] - The increasing consumer preference for intelligent and personalized vehicles is also driving the demand for advanced automotive parts [26] 6. Future Trends - The rise of domestic brands and their increasing market share is expected to continue, alongside a trend towards globalization in sourcing automotive parts [29] - The growth of the new energy vehicle market is anticipated to be a significant focus for the automotive parts industry, supported by government policies and consumer awareness [29]

Investment Rating - The report does not explicitly provide an investment rating for the global mobile energy storage industry Core Insights - The global energy storage market has accelerated since 2019, with a compound annual growth rate (CAGR) of 99.4% for new installations over the past five years, primarily driven by China, the US, and Europe, which together account for over 70% of the new installations [6][8] - In 2024, the global energy storage market is expected to reach 175.4 GWh in new installations, representing a year-on-year growth of 69.5%, with projections of 220.0 GWh by 2025 [8][6] - The mobile energy storage power industry is characterized by compact, high-capacity lithium-ion battery systems suitable for various applications, including outdoor activities, emergency power supply, and medical rescue [9][10] Market Overview - The global mobile energy storage power industry has transitioned from an early stage to a rapid growth phase, and is now experiencing a recovery driven by technological innovation, application expansion, and policy support [14] - The shipment volume of mobile energy storage devices is projected to reach 9.2 million units in 2024, with an expected increase to 20.4 million units by 2029, reflecting a CAGR of 17.3% from 2024 to 2029 [16][18] - The industry is expected to generate sales of $3.8 billion in 2024, with projections of $9.7 billion by 2029, indicating a CAGR of 20.6% during this period [21][23] Regional Insights - North America, Europe, and Japan are the primary markets for mobile energy storage, with respective market shares of 43.5%, 25.0%, and 19.6% in 2024 [19][20] - The demand in North America is driven by high outdoor activity frequency and increasing household backup power needs due to grid stability issues [20] - In Europe, government policies promoting renewable energy and storage solutions have significantly stimulated market growth [20] Technological Trends - The industry is witnessing a shift towards smart energy storage solutions, integrating IoT, big data, and AI technologies to enhance user experience and system efficiency [41][42] - There is a trend towards larger capacity products, driven by advancements in battery technology and increasing consumer demand for versatile applications [44] - Solid-state battery technology is emerging as a key innovation, offering improved energy density and safety [47][48] Competitive Landscape - The global mobile energy storage market is concentrated, with the top five companies accounting for 63.1% of the market by sales in 2024 [51][53] - Major players include EcoFlow, Jackery, Anker, Bluetti, and Goal Zero, with EcoFlow leading in both sales and shipment volume [50][53]