亚太地区数据中心市场洞察-整体服务器-Hardware Technology Asia Pacific Datacenter Market Insights – Part 1 Overall Servers

Summary of Datacenter Market Insights – Part 1: Overall Servers Industry Overview - The report focuses on the Datacenter Market within the Hardware Technology sector in the Asia Pacific region, specifically analyzing server shipments and trends in 2Q25 [1][9]. Key Insights - Total Server Shipments: Global server shipments reached 4.2 million units in 2Q25, reflecting a 16% year-over-year (y/y) growth and a 7% quarter-over-quarter (q/q) increase. The growth is primarily driven by cloud demand, with expectations for continued growth in AI server shipments throughout 2025 [2][16]. - AI Server Demand: AI server yields are improving, with significant increases in average selling prices (ASPs) for major Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs). High-value server shipments for Dell increased by 181% q/q, while its overall server shipments declined by 4% q/q [3][15]. - Market Dynamics: The demand for AI servers remains robust, particularly for GB200 racks, which saw shipments grow from 1.1k in 1Q to approximately 4.9k in 2Q. Expectations for 3Q shipments are projected to reach 8-9k [5][6]. - Regional Performance: The US market outperformed others with a 32% y/y increase in shipments, while regions like Japan and Rest of the World (RoW) saw declines of 12% y/y and 13% y/y, respectively [12][20]. - Segment Performance: High-end server shipments grew 399% y/y in 2Q, mid-range servers increased by 85% y/y, and entry-level servers saw a modest growth of 8% y/y. This trend aligns with the ramp-up of AI server demand [13][14]. Vendor Performance - ODM Direct Shipments: ODM direct shipments increased by 46% y/y and 3% q/q in 2Q25, with ASPs rising to approximately US$34.3k, driven by AI server contributions [15][16]. - Market Share Changes: ODM direct market share decreased to 45.4%, down 2 percentage points from the previous quarter. Dell's market share fell to 8.2%, while HP's share increased to 7.7% [16]. Investment Preferences - The report suggests a preference for components over ODMs/OEMs, highlighting companies such as Hon Hai, Wistron, Quanta, and Giga-Byte as favorable investment opportunities [7]. Additional Considerations - Tariff Impact: The report notes that tariffs have influenced both enterprise and cloud demand, with expectations of a 5-10% y/y decline in full-year enterprise demand [2][6]. - Future Outlook: Overall momentum for general servers is expected to slow in the second half of 2025, influenced by earlier pull-ins due to tariffs, although actual shipment momentum appears stronger than previously anticipated [6][16]. This summary encapsulates the critical insights and data from the conference call regarding the datacenter market and server shipments, providing a comprehensive overview of current trends and future expectations.