Worldwide electricity consumption is growing rapidly: challenges for 2027!

Worldwide electricity consumption is growing rapidly: challenges for 2027!

The International Energy Agency (IEA) warns of a dramatic increase in global power consumption. By 2027, an annual growth of almost four percent will be forecast, which corresponds to the increase of around 3,500 terawatt hours (TWH) - this is roughly the entire electricity consumption of Japan in one year. The increasing use of electric vehicles, air conditioning systems and data centers that drive this demand boom is particularly noteworthy. This was discussed in detail in a recent report by krone.at

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The renewed increase in demand, especially in developed countries such as the USA and the EU, not only represents significant growth, but also brings challenges for security of supply. Weather extremes can endanger the power supply and to counter these risks, a robust infrastructure is essential. It is expected that the generation of electricity is increasingly covered by renewable energies and nuclear power with a note that wind, solar and hydropower will be managed about 95 percent of demand growth by 2027. Zeit.de made it clear that photovoltaics will make a particularly important contribution by increasing capacity annually by 600 TWH.

A particularly remarkable increase in electricity needs can be seen in China, where consumption has grown faster than the overall economy since 2020. An increase of seven percent in 2024 and the forecast of average growth of six percent annually illustrated the urgency to meet the energy requirements sustainably. The Chinese market for energy -intensive products, such as solar panels and electric cars, contributes significantly to this development. However, the crucial question remains whether the low -emission energy sources will be sufficient to secure this rapidly increasing need.