Data centers are mainly built in response to growing customer demand. However, the areas for the development and operation of data centers are identified based on factors such as power availability, fiber connectivity, and availability of skilled labor. Most of the modern data centers are built as per Tier III and Tier IV standards, thereby enabling high availability of service offerings. The Latin American market has grid power stability challenges. However, it supports free cooling, thereby reducing the power consumption by cooling systems. The major site selection criteria for data centers in Latin America are mentioned in the table below, along with the identified level of importance for each criterion and a description of the same.

工业机器人行业逐步回暖。中期来看，从工业机器人月度产量角度，我们认为自动化行业从2019 年四季度已经开始复苏了，工业机器人2019 年10-12 月份产量分别达到1.44、1.61、2 万台，同比增长1.7%、4.3%、15.3%，20 年1-2、1-3 月累计同比分别为-19.4%、-8.2%，3 月单月同比增长12.9%，尽管1、2 月份疫情影响，导致一季度有所下滑，但是3 月份产量情况良好，我们认为整体行业自2019 年见底后，复苏过程将会有2-3 年时间，因此尽管疫情对于短期的需求有所抑制，但是各行业需求正不断回暖，一般工业需求情况目前恢复良好，基本接近常态，汽车行业，3C 在逐渐缓慢恢复。

经过2015 年至今的快速推广，全国环卫行业新增年化订单已达550 亿，总合同额达到2223 亿元，连续两年环卫市场化新增合同总金额突破2000 亿元，市场化快速推广。2018-2019 年环卫市场化快速推进背后的主要原因，是垃圾分类强制实施的政策催化。