[Market Trend] The explosive growth of the solar-storage industry brings a hundred-billion-yuan essential market for DCDC modules.

双碳政策持续落地，分布式光伏整县推进、工商业储能普及、新能源大基地建设全面提速，国内光储行业进入规模化爆发期。随之而来的，是核心配套 DCDC 模块的刚需爆发。

 The dual carbon policies continue to be implemented. The county-wide promotion of distributed photovoltaics, popularization of commercial & industrial energy storage, and accelerated construction of large-scale new energy bases have pushed China’s solar-storage industry into a period of large-scale explosive growth. This triggers surging market demand for supporting core DCDC modules.

数据显示，全国工商业光储、户用光储装机量逐年翻倍增长，1500V 高压光伏系统已成行业主流，高压、大功率、高效率 DCDC 模块替代需求持续释放。 

Statistics show that the installed capacity of commercial & industrial and residential solar-storage systems nationwide doubles year by year. The 1500V high-voltage photovoltaic system has become the industry mainstream, driving continuous replacement demand for high-voltage, high-power and high-efficiency DCDC modules.

不同于传统电源产品，光储专用 DCDC 模块兼顾发电优化、储能调度、电网适配多重功能，是光储系统不可或缺的核心单元，暂无替代方案。

 Different from conventional power supplies, solar-storage dedicated DCDC modules integrate multiple functions including power generation optimization, energy storage dispatch and grid adaptation. As an indispensable core component of solar-storage systems, they have no viable alternatives at present.

随着新能源就地消纳、峰谷套利、备用保电需求持续升级，市场对 DCDC 模块的可靠性、功率密度、智能化程度要求不断提高。 

With rising demands for local consumption of new energy, peak-valley arbitrage and backup power supply, the market puts forward increasingly higher requirements on DCDC modules in terms of reliability, power density and intelligence level.

高端 SiC DCDC 模块、智能双向储能 DCDC 成为行业主流趋势，市场溢价能力持续提升，赛道前景广阔。 

High-end SiC DCDC modules and intelligent bidirectional energy storage DCDC converters have become major industry trends, with growing market premium and promising prospects for this sector.