白银历史性大涨之际，白银协会出了份“重磅报告”

Core Viewpoint - The global silver industrial demand is expected to rise over the next five years, driven by accelerating growth in key technology sectors such as solar energy, electric vehicles, and data centers, as highlighted in a report by the World Silver Association [1] Group 1: Solar Industry - Silver's unique properties make it an essential material for photovoltaic (PV) cells, ensuring efficient energy conversion and long-term performance in harsh environments [2] - The global installed capacity of solar PV has increased over tenfold in the past decade, with China contributing 51% of the growth [2] - Silver demand from the solar sector is projected to rise from 11% of total industrial silver demand in 2014 to 29% by 2024, despite a threefold increase in silver demand compared to a tenfold increase in installed capacity, indicating significant technological "reduction" effects [2] Group 2: Electric Vehicles - The electrification trend in the automotive industry is expected to significantly increase silver demand, with battery electric vehicles (BEVs) consuming 67% to 79% more silver than traditional fuel vehicles [9] - By 2024, electric vehicles are projected to account for 21% of light vehicle production, up from just 3% in 2019, with a compound annual growth rate of 13% expected from 2025 to 2031 [10] - The global silver demand from the automotive sector is anticipated to grow at a compound annual growth rate of 3.4% from 2025 to 2031, reaching approximately 94 million ounces by 2031 [10] Group 3: Data Centers and Artificial Intelligence - The number of global data centers has increased elevenfold since 2000, with IT power capacity growing from 0.93 GW to nearly 50 GW by 2025, indicating a substantial rise in silver demand for servers and cooling systems [15] - Silver's properties are crucial for data centers, ensuring minimal energy loss and efficient cooling, which is vital for maintaining operational efficiency [17] - The demand for silver in industrial applications is expected to reach a record 680.5 million ounces in 2024, primarily driven by the electronic and electrical needs of artificial intelligence applications [18]