By 2030, global data center computing power (measured in gigawatts of power consumption) is expected to increase from 55 GW in 2023 to 171 ~ 298 GW, which is more than a threefold increase.
Energy demand is surging: By 2030, data center power consumption could approach that of a mid-sized country.
AI is the main driver: the rise of large models and inference services has significantly increased the demand for computing power.
Sustainability challenges: Without improving energy efficiency or expanding the use of clean energy, the pressure on carbon emissions will be significant.
Investment opportunities: Chips, data center construction, power infrastructure, and renewable energy are all likely to experience accelerated development.
Driving factors: Rapid popularization of AI (training & inference requires a lot of computing power) Growth in shipments of different types of chips (GPU, ASIC, etc.) Corresponding energy consumption (power consumption is an intuitive proxy for data center scale) Increased demand for computing, storage and network