算力狂飙背后的电力黄金赛道：AIDC浪潮下供配电系统价值跃升

Summary of AIDC Power Supply System Conference Call Industry Overview - The conference call focused on the AIDC (Artificial Intelligence Data Center) power supply system, which encompasses both traditional and non-traditional telecommunications sectors, involving various sub-industries [1][2]. Key Insights and Arguments - There is a divergence in market expectations regarding the long-term demand for AI computing power, with a consensus that demand is likely to increase due to accelerated application growth [2]. - The AIDC systems exhibit significant differences from traditional data centers, particularly in chip types, application scenarios, and cabinet power, with AIDC cabinets having power levels over five times that of standard cabinets [4]. - The global IDC installation scale is projected to grow at a CAGR of 73% from 2024 to 2028, with NIDC-related power demand expected to account for over 4% of global electricity consumption in five years [5]. - The report highlighted the importance of efficient power supply systems, including backup power solutions, to ensure stable operations in data centers [6][7]. Market Dynamics - The AIDC power supply market is expected to see rapid growth, particularly in high-power ACDC systems, with a projected CAGR of 240% over the next four years [7]. - The market structure indicates that ACDC systems are the most concentrated, followed by backup power systems and related equipment [8]. - The report recommends focusing on high-power density ACDC systems, HVDC, and backup power equipment due to their growth potential and market demand [8]. Technological Developments - The UPS (Uninterruptible Power Supply) systems are evolving, with HVDC (High Voltage Direct Current) solutions gaining acceptance due to their higher efficiency and lower losses compared to traditional systems [9][10]. - The OCP (Open Compute Project) solution is emerging, integrating battery systems directly into server power supplies, which enhances efficiency and reduces energy loss [10][11]. - The BPU (Battery Power Unit) is introduced as a new backup power solution, offering flexibility and higher efficiency compared to traditional UPS systems [20][21]. Competitive Landscape - Major players in the power supply market include Delta, which has a comprehensive product range, and other domestic companies like Zhongheng Electric and MaiKeMiTe, which are expanding their high-power server power offerings [18][19]. - The market for diesel generators, crucial for backup power in data centers, is projected to reach nearly 100 billion, with a growth rate of 6% [40][42]. - The competitive landscape shows a shift towards domestic companies gaining market share due to the high cost of foreign products, with a focus on local manufacturing and technological advancements [44][46]. Financial Projections - The ACDC market is expected to reach approximately 40 billion by 2025, with high-power density products accounting for around 30 billion [15]. - The UPS and HVDC markets are projected to grow, with HVDC expected to capture a larger share by 2028 [16][17]. - The demand for diesel generators is anticipated to exceed 50,000 units by 2028, driven by the increasing power requirements of AIDC systems [42][43]. Conclusion - The conference call provided a comprehensive overview of the AIDC power supply system, highlighting significant growth opportunities and technological advancements in the sector. The focus on high-efficiency solutions and the shift towards domestic production are key trends to watch in the coming years [48].