"New infrastructure" is a super hot spot, with direct investment exceeding 10 trillion yuan and driving investment exceeding 17 trillion yuan

At the press conference of the National Development and Reform Commission on April 20, 2020, the government clarified the scope of "new infrastructure" for the first time, including information infrastructure, integrated infrastructure, and innovative infrastructure. It covers seven major areas: 5G infrastructure, ultra-high voltage, intercity high-speed railways and urban rail transit, new energy vehicle charging piles, big data centers, artificial intelligence, and industrial Internet.

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Previously, the CCID think tank of the Ministry of Industry and Information Technology released the "New Infrastructure Development White Paper", which analyzed in detail the investment estimates for the seven major areas of "New Infrastructure". The white paper shows that direct investment exceeds 10 trillion yuan, driving investment of more than 17 trillion yuan.

5G

Direct investment: Based on the current number of 4G base stations under construction and considering the coverage capacity of 5G base stations, it is estimated that by 2025, the number of 5G base stations under construction in my country will be about 5 million. Based on the bidding cost of mobile 5G base stations of 500,000 yuan per base station, the direct investment in 5G base stations will reach 2.5 trillion yuan.

Driving investment: The 5G industry chain covers a wide range. 5G base station infrastructure will drive the rapid growth of the market size of various types of terminals and industry applications such as artificial intelligence, virtual reality, and high-definition video. It is expected that by 2025, the cumulative investment in the entire 5G industry chain will exceed 5 trillion yuan.

Big Data Center

Direct investment: According to the National Data Center Application Development Guidelines, by the end of 2017, the scale of data center racks in my country was 1.66 million, with a growth rate of 33.4%. If the growth rate remains unchanged, 2.2 million racks will be added by 2022. Based on the cost of 700,000 per rack, the estimated new investment is 1.5 trillion yuan.

Driving investment: Big data centers, as the driving infrastructure, will drive the rapid development of cloud computing and the Internet of Things industries. It is estimated that related investments will exceed 3.5 trillion yuan in 2022.

AI

Direct investment: According to IDC data, the scale of my country's AI chip market was 12.2 billion yuan in 2019. Based on an average growth rate of 45%, it is estimated that by 2025, the new investment in AI chips will be around 100 billion yuan; the new investment in cloud platforms/data services/OS brought by sensors such as machine vision and AI will exceed 120 billion yuan, and the total new investment in artificial intelligence infrastructure construction will be about 220 billion yuan.

Driving investment: The construction of AI infrastructure will drive rapid progress in technologies such as computer vision and natural language processing, and promote the rapid development of industries such as smart healthcare, smart transportation, and smart finance. It is estimated that the scale of the core AI industry will exceed 400 billion yuan in 2025.

Industrial Internet

Direct investment: According to the "Industrial Internet Development Action Plan" and the "Industrial Internet Special Working Group 2018 Work Plan" of the Ministry of Industry and Information Technology, by 2025, the industrial Internet network infrastructure covering all regions and industries will be basically completed. Based on the scale of 611 billion yuan in the industrial Internet in 2019 and a compound growth rate of 13.3%, it is estimated that the scale of new investment will exceed 650 billion yuan by 2025.

Driving investment: Industrial Internet infrastructure empowers traditional industries to transform and upgrade to intelligent manufacturing, and it is expected to drive related investment of more than one trillion yuan by 2025.

UHV

Direct investment: According to data from the State Grid, there are 16 UHV projects currently under construction or awaiting approval, with an estimated total investment of RMB 257.7 billion. The UHV investment cycle is 2-3 years, and the total investment is expected to exceed RMB 500 billion by 2025.

Drive investment: Drive performance growth in equipment manufacturing, technical services, construction and installation, and promote the rapid development of smart networks such as power Internet and distribution networks. It is estimated that by 2025, it will drive related investments to exceed 1.2 trillion yuan.

Intercity high-speed rail and rail transit

Direct investment: According to data from the China Railway Corporation, at the end of 2019, the mileage of my country's high-speed railways was about 35,000 kilometers. Based on an average annual increase of 5,000 kilometers and an investment of 150 million yuan per kilometer, the investment scale is expected to be about 4.5 trillion yuan in 2025.

Drive investment: It will drive the rapid development of industries such as rail, road construction, electrical power grid, equipment manufacturing, rail transit vehicles and parts, and promote the economic development of urban agglomerations such as tourism, talents, and people's livelihood. It is estimated that by 2025, it will drive the cumulative related investment to exceed 5.7 trillion.

New energy vehicle charging pile

Direct investment: According to data released by the China Electric Vehicle Charging Infrastructure Promotion Alliance, as of January 2020, there were 531,000 public charging piles. Assuming an annual increase of 150,000 public charging piles and 300,000 private charging piles, the investment cost of public charging piles is 50,000 yuan and that of private charging piles is 25,000 yuan. It is estimated that by 2025, the investment scale will reach 90 billion yuan.

Driving investment: It will drive the rapid development of charging pile/charging station components, make charging operations more rational, and increase the number of new energy vehicles. It is estimated that by 2025, it will drive related investments to exceed 270 billion yuan.