Core Insights - The rapid iteration of AIGC applications has led to a significant increase in the demand for AI model training and inference, resulting in a substantial rise in power density in data center cabinets, with single cabinet power density exceeding 20kW, which is several times higher than traditional data centers [1][7] - The traditional data center power supply and distribution solutions are inefficient and pose safety risks, while integrated power modules with a unified design are becoming the preferred solution for intelligent computing centers [1][3] - The Chinese power module market is projected to reach 2.13 billion yuan in 2024, with a year-on-year growth rate of 25.6%, indicating a significant acceleration in market growth compared to 2023 [1][4] Market Overview - The power module market is characterized by rapid deployment, space-saving, and intelligent management features, leading to a continuous increase in market interest and application scope [1][3] - The market structure shows that telecom and internet sectors have a high recognition of power module products, with market shares of 48.3% and 27.9% respectively in 2024 [3] - Major players like Huawei, Delta, and others dominate the market, with the top three companies holding nearly 65% of the market share in 2024, indicating a highly concentrated industry [3][4] Development Trends - The Chinese power module market is expected to accelerate, with projections indicating it will exceed 10 billion yuan by 2030 [4] - Industry standards are continuously improving, leading to higher standardization of power module products [4] - Future development trends will focus on "intelligent" and "high-density" solutions in power modules [4] Product Classification - Power modules are categorized into three types based on installation methods and application scenarios: semi-closed prefabricated cabin power modules, fully closed prefabricated cabin power modules, and skidded power modules [3][5] - A complete power module typically includes a power supply and distribution system and auxiliary support systems, ensuring a comprehensive solution for large data centers [5][6] Industry Background - The surge in AI model training and inference demands has led to a significant increase in the supply scale of intelligent computing centers in China, with over 500 projects in operation or under construction by the end of 2024 [7][8] - The supply scale of intelligent computing centers in China is expected to reach 2485MW by the end of 2024, reflecting the growing infrastructure needs [7][8]