The rapid evolution of AI and exponential growth of machine learning workloads have triggered a fundamental shift in the power distribution and supply system markets, creating compelling investment opportunities across the supply chain. We highlight four major technological transitions: high-voltage conversion, direct current deployment, higher power density and modular architecture. Accounting for 10-15% of the AI data centre (AIDC) capex, we estimate AIDC power systems could grow at 25% CAGR over 2025-28E ...