Data Center Power Demand Projected to Grow at ~19% CAGR Through 2032 Driven by AI Servers

{"visible_text": "EXHIBIT 24: Data center power demand is expected to grow at ~19% CAGR, driven by AI servers that consume more power. Data Center Power Demand (TWh). Source: IAE, Bernstein estimates and analysis.", "image_type": "bar_chart", "companies": [], "industries": ["Data Centers", "AI Infrastructure", "Power/Utilities", "Semiconductors"], "key_numbers": {"cagr": "19%", "start_value": 400, "end_value": 1570, "unit": "TWh", "time_period": "2024-2032E"}, "table_data": [["Year", "Power Demand (TWh)"], ["2024", "400"], ["2025E", "470"], ["2026E", "578"], ["2027E", "705"], ["2028E", "853"], ["2029E", "1,024"], ["2030E", "1,208"], ["2031E", "1,390"], ["2032E", "1,570"]], "chart_insights": "Data center power demand projected to nearly quadruple from 400 TWh in 2024 to 1,570 TWh in 2032E, representing a ~19% CAGR. Growth accelerates in later years with absolute increases growing from ~70 TWh (2024-2025) to ~180 TWh (2031-2032). AI servers cited as the primary demand driver.", "key_information": "Forecast of surging global data center electricity consumption through 2032, driven primarily by AI server proliferation. The ~19% CAGR significantly outpaces overall electricity demand growth, implying data centers will represent an increasing share of global power consumption.", "source_date_clues": "Source: IAE (likely International Energy Agency) and Bernstein estimates; 2024 actual data with 2025E-2032E projections; exhibit from a Bernstein research report.", "research_relevance": "Highly relevant for AI infrastructure, power generation, utilities, cooling systems, semiconductor (GPU/AI chips), and data center REITs. Highlights long-term tailwinds for power providers, grid equipment makers, and AI compute suppliers. Investment implications for companies benefiting from data center capex surge."}

Long-term forecast showing data center electricity consumption will nearly quadruple (400 TWh to 1,570 TWh) at ~19% CAGR through 2032, with growth accelerating in absolute terms in later years.