Increasing electrification: IEA: Worldwide electricity consumption increases vigorously

The growing energy hungry of threshold and developing countries as well as the increasing electricity needs of the economy will raise the global electricity consumption in the coming years. By 2027, an annual increase in consumption by almost four percent will be predicted, the International Energy Agency (IEA) said in Paris.

The increase is primarily due to the rapidly growing use of electricity for industrial production, the increasing demand for air conditioning systems, increasing electrification, especially in the traffic sector, and the rapid expansion of data centers. The IEA reports that the largest part of the additional demand is developing to threshold and developing countries.

Right -growing electricity demand in China

The trend in China is most clearly, where electricity demand has been growing faster than the overall economy since 2020. Chinese electricity consumption rose by seven percent in 2024 and is expected to increase by an average of around six percent annually by 2027. The rapidly expanding electricity-intensive production of solar panels, batteries and electric cars as well as the introduction of electric vehicles, data centers and 5G networks also contributes to demand growth in China.

The international energy agency assumes that the growth of low -emission energy sources – especially renewable energies and nuclear energy – is sufficient to cover the increase in global electricity demand in the next three years. It is expected that the electricity generation from photovoltaics covers about half of the global increase in demand.