Core Insights - The rapid expansion of data centers in China, driven by the "East Data West Computing" initiative and the AI wave, is significantly increasing the demand for Uninterruptible Power Supply (UPS) systems, which are critical for power stability in high-performance computing scenarios [1] - The market for data center batteries is projected to see a substantial increase in shipments, with total battery shipments expected to reach 14.7 GWh in 2024, marking a growth of 20.2% [1] - Lead-acid batteries will continue to dominate the market, with shipments expected to be 13.7 GWh (an 18.1% increase), while lithium batteries are anticipated to grow by 58.5% to reach 1.0 GWh, increasing their market penetration from 1.7% in 2021 to 7.0% in 2024 [1] Market Dynamics - The current landscape for lead-acid batteries in data centers is characterized by intense competition, driven by the scale expansion of data centers and higher standards from downstream clients such as internet companies and financial institutions [3] - Leading manufacturers in the lead-acid battery market for data centers include Danden, Shengyang, and Nandu, with the top five companies positioned in the leadership quadrant [3] - The lithium battery market is primarily targeted at internet companies, with a trend of technology and application experiences being imported from overseas to domestic markets, indicating a future increase in lithium battery shipments and intensified market competition [3]

Core Insights - The rapid expansion of data centers in China, driven by the "East Data West Computing" initiative and the AI wave, is significantly increasing the demand for Uninterruptible Power Supply (UPS) systems and their components, particularly batteries [1][4] - According to the latest reports, the battery shipment volume for data centers in China is projected to reach 14.7 GWh in 2024, marking a growth of 20.2% [1] - Lead-acid batteries are expected to remain the primary driver of battery shipment growth, while lithium batteries will see a substantial increase in their market penetration from 1.7% in 2021 to 7.0% in 2024 [1][4] Market Overview - The data center lead-acid battery market is characterized by intense competition, with major players like Danden, Shengyang, and Nandu leading in shipment volumes [4] - The demand for lead-acid batteries is being fueled by the large-scale expansion of data centers, as well as the increasing standards and requirements from downstream clients such as internet companies and operators [4] - The lithium battery market for data centers is primarily driven by internet companies, with a trend of overseas experience gradually penetrating the domestic market [4] Future Trends - The shipment volume of lithium batteries is expected to grow significantly as technology standards improve and overseas experiences are integrated into the domestic market [4] - The competition in the lithium battery market is anticipated to intensify as more players enter the space and existing companies enhance their offerings [4]