Core Insights - The International Energy Agency (IEA) released the "2025 Mid-Year Update on the Electricity Market" report, indicating strong growth in global electricity demand despite economic pressures [1] Demand Growth Forecast - Global electricity demand is projected to grow by 3.3% in 2025 and 3.7% in 2026, which is a slowdown from the 4.4% growth expected in 2024 but still significantly higher than the average growth rate of 2.6% from 2015 to 2023 [1] - The sustained growth in electricity demand is driven by increasing needs in sectors such as factory and appliance power supply, building cooling, data center operations, and electric vehicle charging [1]

Core Insights - The International Energy Agency (IEA) projects that global electricity demand will continue to grow at a strong pace, with an expected increase of 3.3% in 2025 and 3.7% in 2026, which is more than double the growth rate of primary energy demand during the same period [1] Group 1: Demand Drivers - Key drivers for the increase in electricity demand include industrial electricity usage, the proliferation of air conditioning, the growth of data centers, and the rising demand for electric vehicles [1] Group 2: Energy Sources - The IEA anticipates that renewable energy will surpass coal as the largest source of electricity generation globally by 2026 [1] - Nuclear power generation is expected to reach a historical high, while natural gas generation will continue to grow steadily [1] Group 3: Infrastructure Needs - The expansion of renewable energy and nuclear power is reshaping the electricity market, necessitating increased investments in grid infrastructure, energy storage, and peak-shaving capabilities to ensure supply security and affordability amid rising demand [1]