Bank of America: Data center demand is still underestimated

Glonghui June 30th | According to a research report by Bank of America, the outlook for the capital goods sector looks increasingly optimistic, with demand from data centers among major industrial enterprises still being underestimated. These companies include Schneider Electric, ABB, Siemens, and Siemens Energy. The analysts noted that in the coming years, the structural growth of AI-related infrastructure will significantly expand the size of the potential market. Stronger investments in power generation serve as a leading indicator for future orders in the electrical equipment sector, which should support the sustained growth of grid and electrification businesses. The most attractive opportunities are expected to come from high-value areas such as power conversion, grid equipment, and cooling systems.