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Global Power Demand to Skyrocket 30% by 2035
Market Intelligence Analysis
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Why This Matters
Global electricity demand is expected to increase by 30% by 2035, driven by growing demand for data centers, electric vehicles, and heating/cooling. Renewable energy, particularly solar, is expected to play a crucial role in meeting this demand growth. Renewable energy's share is forecast to rise to 55% by 2035.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The world’s electricity demand is expected to surge by 30% over the next decade as data centers, electric vehicles, and demand for heating and cooling drive increased consumption, a new report by Rystad Energy says. Renewable power generation, especially solar energy, is expected to be crucial to meeting the electricity demand growth, found the report cited by Bloomberg. Renewable energy is forecast to provide 55% of all electricity globally by 2035, raising its share from 34% today, according to the energy intelligence…
Original article published by
OilPrice.com
on October 30, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.