In 2023, China’s electricity demand rose by 6.4%, driven by the services and industrial sectors. Global electricity demand rose moderately in 2023 but is set to grow faster through 2026Ībout 85% of additional electricity demand through 2026 is set to come from outside advanced economies, with China contributing substantially even as the country’s economy undergoes structural changes. Updated regulations and technological improvements, including on efficiency, will be crucial to moderate the surge in energy consumption from data centres. This demand is roughly equivalent to the electricity consumption of Japan. After globally consuming an estimated 460 terawatt-hours (TWh) in 2022, data centres’ total electricity consumption could reach more than 1 000 TWh in 2026. Data centres are significant drivers of growth in electricity demand in many regions. In the IEA’s Net Zero Emissions by 2050 Scenario, a pathway aligned with limiting global warming to 1.5 ☌, electricity’s share in final energy consumption nears 30% in 2030.Įlectricity consumption from data centres, artificial intelligence (AI) and the cryptocurrency sector could double by 2026. While this is progress, electrification needs to accelerate rapidly to meet the world’s decarbonisation targets. The share of electricity in final energy consumption is estimated to have reached 20% in 2023, up from 18% in 2015. Particularly in advanced economies and China, electricity demand will be supported by the ongoing electrification of the residential and transport sectors, as well as a notable expansion of the data centre sector. The gains will be driven by an improving economic outlook, which will contribute to faster electricity demand growth both in advanced and emerging economies. Global electricity demand is expected to rise at a faster rate over the next three years, growing by an average of 3.4% annually through 2026. While China, India and numerous countries in Southeast Asia experienced robust growth in electricity demand in 2023, advanced economies posted substantial declines due to a lacklustre macroeconomic environment and high inflation, which reduced manufacturing and industrial output. The world’s demand for electricity grew by 2.2% in 2023, less than the 2.4% growth observed in 2022. Falling electricity consumption in advanced economies restrained growth in global power demand in 2023.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |