info@marketresearchfuture.com   đź“ž  +1 (855) 661-4441(US)   đź“ž  +44 1720 412 167(UK)

Asia to Use More than Half of the Global Electricity by 2025

By Snehal Singh , 22 February, 2023

By the year 2025, Asia will be the biggest consumer of electricity in the world. according to the survey reports of International Energy Agency, the share of Asia in the global electricity consumption is rising rapidly just from around a quarter in the year 2000.

China is the top most factor in this transformation, as in the year 2000, China used just 10 per cent of the world’s energy whereas by 2025 the share is expected to reach 33 percent.

As China is known for its population growth, it has now reversed its image, a rising living standard is still driving the rising demand for electricity. Air conditioners remain the important example to it. Other Asian countries are supposed to be growing with population until the next half of the century. This implies more demand of electricity as the nations are growing in the number of their people and the development too.

Asia is emphasizing more on renewable electricity sources but when it comes to great demand it is also trying to rely on the coal-fired electricity in many places. China is the major example of huge growth on both electricity sources in tandem.

On the other hand, the ongoing construction in coal-power plants, emissions in China are supposed to fall soon while remaining on a high stature.  But from the view of developmental timelines, other Asian nations in the field of emissions are expected to keep rising.

Asia Accounts for Nearly Half of Global Wind and Solar Generation

Generation.jpg

Latest News

2019.png
United States Missing in the IMD List of Competitive Economies for 2024

Globally, the economies are facing different scenarios in 2024. This is due to the changing dynamics of various sectors in the market. Along with that, the oil and gas industry's price fluctuations can be one of the reasons. A good economy demands…

Read More

2024.png
Industrial Market Faces Drop in Demand for Copper and Nickel in 2024

Transition metals like copper and nickel are important in the industrial sector. Both of these metals contribute an excellent part in the energy market. Copper and nickel have important roles in the electrification process. Hence, it helps electric…

Read More

2024.png
Digital Transformation Slows Down the Global Economy

Globally, the nations are facing downward momentum in their economic activities. The financial condition of advanced economies is declining rapidly in 2024. Surveys suggest that advanced economies are facing economic challenges due to various…

Read More

systems.png
German Companies’ Joint Venture to Boost Large Scale Storage in 2024

The growing clean energy transition process is forcing companies to make significant decisions regarding the storage of clean energy. Germany's energy market surges in power with necessary steps towards uplifting clean energy. The increasing…

Read More

Gamble.png
Consumers Behavior Makes Food and Beverage Companies World Leaders in FMCG Rankings

Fast moving consumer goods (FMCG) are the important goods that consumers use in their daily activities. These products are otherwise known as consumer-packaged goods, thus, they include a range of products, such as food and beverages, healthcare…

Read More

Author Pic
Snehal Singh

Assistant Manager - Research