BAKU, Azerbaijan, November 14. Asia Pacific region is expected to see the largest growth in terms of electricity demand, the International Energy Agency (IEA) said, Trend reports via the World Energy Outlook from the IEA.
According to the forecast, the electricity demand in the Asia Pacific is expected to grow from 12,164 terawatt-hours (TWh) in 2021 to 16,208 TWh, and to 23,475 TWh by 2050, as of the Stated Policies Scenario (STEPS).
The Announced Pledges Scenario (APS) expects a large growth for Asia Pacific - to 16,371 TWh by 2030, and to 27,638 TWh by 2050, the report said.
North America ranks second in terms of electricity demand. According to the STEPS, the demand is expected to increase to 5,266 TWh by 2030, and to 6,830 TWh by 2050 (4,852 TWh in 2021). As of the APS, there is a slight difference in the 2030 projection, while by 2050 the demand almost doubles to 8,786 TWh, the IEA added.
European electricity demand is expected to grow from 3,645 TWh in 2021 to 4,182 TWh by 2030, and to 5,060 TWh by 2050 (STEPS). The APS envisages a higher growth to 4,639 TWh by 2030, and a surge to 6,561 TWh by 2050.
As of the global outlook, “Electricity demand increases at 2.4 percent per year in the STEPS over the rest of this decade to reach more than 30,600 TWh by 2030. Demand grows faster in the APS, reaching around 31,750 TWh in 2030. Between 2030 and 2050, electricity demand growth in the STEPS slows to 1.8 percent per year to reach around 43,700 TWh by 2050. In the APS, annual demand growth is 2.7 percent after 2030 to reach nearly 54,000 TWh by 2050,” the report added.
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