The Zhitong Finance App learned that Morgan Stanley recently released the global power industry in-depth research report “Investigating AI: Agents, Aircons, Allshoring: All Not Incurable In”, which proposes a different judgment from the mainstream market narrative: the electricity consumption upgrade dominated by data centers and semiconductor fabs in the past three years is spreading to the industrial sector and the residential sector, AI agents (Agentic), air conditioning (Aircons), and industrial backflow/supply chain restructuring ( The “Three A” forces formed by (Allshoring) will push the global power shortage to exceed expectations. The bank raised its forecast for global electricity consumption growth from 2025 to 2030 by 10%. It is estimated that global electricity consumption will be about 36.3 trillion kilowatts by 2030, which is about 60 basis points higher than the IEA forecast, and said it is about 15% faster than market expectations.

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