A comprehensive research report released by CICC (China International Capital Corporation) highlights the profound potential of the AI server power supply market, projecting it to emerge as the next hundred billion yuan-scale industry. Forecasts indicate a surge in growth between 2025 and 2027, with the module and chip segments expected to record compound annual growth rates (CAGR) of 110% and 67%, respectively. Key beneficiaries of this expansion encompass devices like power supply units (PSUs), power distribution units (PDUs), battery backup units (BBUs), and DC-DC converters (PDB+VRM). As GaN and SiC technologies gain traction, the implementation of the 800V HVDC+SST architecture becomes widespread, and intelligent power management systems become ubiquitous, industry leaders are poised to expand their market footprints and enhance their performance capabilities. Meanwhile, second-tier manufacturers may capitalize on overflow orders, further diversifying the competitive landscape.