天天财经

AI 电源商机2年暴增10 倍!辉达携CSP大推HVDC,「台系双雄」坐拥兆元红利

2026-10-11 09:22:48 网络 阅读(1)

随着 AI 晶片算力与功耗极限攀升,辉达联手 CSP 巨头全面推动高压直流(HVDC)架构,引爆资料中心电力革命,从独立电源柜到备援系统升级,伺服器电源价值大增10倍,相关市场产值迎来爆发成长,掌握核心系统整合技术的台系电源大厂将迎来关键黄金期。

AI 电源商机2年暴增10 倍!辉达携CSP大推HVDC,「台系双雄」坐拥兆元红利

〈HVDC架构升级,驱动电源产品内容价值倍增〉
在AI电力架构革命中,电源厂商的内容价值迎来惊人成长,AC/DC PSU随着功率密度与瓦数提升(自5.5KW升级至30KW),加上第三代半导体SiC、GaN的扩大采用,带动单颗ASP指数型成长,为解决机柜空间不足,产业趋势将电源组件独立为Power Rack,集中式管理推升CSP客户对统包方案的需求,预估AI伺服器的电源内容价值,将从GB200/300世代的5.9万美元,大幅跃升至Rubin Ultra世代的64.4万美元。

〈备援电池与超级电容,成为稳定电压的关键核心〉
在资料中心备援系统方面,传统UPS面临空间占用大、转换效率低与反应速度慢等痛点,具备高转换效率与毫秒级反应的锂电池备援单元(BBU)正加速取代传统UPS成为市场主流,为应对成上万颗GPU同时运算造成的剧烈功率波动,反应速度达1微秒的超级电容(Super Capacitor)成为维持电压稳定的新解方,与BBU共同发挥削峰填谷的作用,进一步推升电源厂的零组件商机。

〈免费下载【陈智霖分析师APP】,掌握第一手盘势资讯与信用筹码名单〉APP选股会员每月仅限额招收,名额有限,每周都会提供最新「信用筹码疑虑名单」,邀请您点选连结下载【陈智霖分析师APP】:https://lihi.cc/zwrii

〈技术门槛筑高护城河,台系电源龙头长线受惠〉
在HVDC电力架构的高门槛下,具备全方位量能与整合实力的电源厂商将脱颖而出:台达电(2308-TW)作为全球PSU龙头,不仅在White Space产品线齐全,更领先布局18KW PSU与HVDC Power Rack,预估2026/27年AI相关营收年增197%/125%,稳居市场最大赢家;光宝科(2301-TW)则透过并购南京能利芯等方式补强DC/DC技术,积极完善HVDC系统产品组合,2026年起Power Rack将陆续放量,带动高毛利的云端运算营收占比大幅提升。邀请投资人下载智霖老师的APP并锁定直播,一起掌握产业最前线的产业脉动!

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文章来源:陈智霖分析师/凯旭投顾

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