According to the current report of the International Energy Agency (IEA), the global demand for electricity will probably increase as much as in years. For the period 2025 to 2027, the IEA expects almost four percent annual growth.
This corresponds to an increase in global power consumption by around 3,500 Terawatt hours (TWH) – about as much as Japan consumed in one year.
- The grow is considerably driven by the increasing industrial production, the increasing use of air conditioning systems, accelerated electrification and the global expansion of data centers.
- In particular Rising market Just like China and India, around 85 percent contribute to the increase in demand for electricity. In China, demand will grow by an average of six percent in the coming years, while an increase of 6.3 percent is predicted in India. Electricity consumption is lagging behind in Africa.
-
In the advanced economies such as the US and the EU The electricity demand for years of stagnation is increasing again. Above all, the increasing use of electric vehicles, air conditioning systems, heat pumps and data centers will contribute to this increase. The modest growth of 1.4 percent in the EU in 2024 was worn by households and companies of the sectors.
- Where the Industry The most important driver of electricity consumption will remain. Sectors such as the production of solar modules, batteries and electric vehicles will also make a significant share in the increase in electricity consumption.
-
The growing demand for electricity also leads to challenges With regard to security security – for example after extreme weather. To guarantee security security, a robust infrastructure and sufficient storage capacities are required.
Request mainly from renewable energy
Electricity generation will cover the global increase in demand, mainly due to renewable energetic and nuclear energy. Wind, solar energy and hydropower are expected to cover about 95 percent of demand growth by 2027, whereby photovoltaïschen will make a decisive contribution annually with an increase in capacity by 600 TWH.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
