International Energy Agency: Global electricity demand will accelerate in the next three years

Writer： Hengfeng you electric Time：2023-05-09 views：times

The 2023 Electricity Market Report released by the International Energy Agency on the 8th stated that global electricity demand growth will accelerate to an average of 3% per year from 2023 to 2025, with growth mainly coming from the Asian region. Renewable energy will dominate the growth of global electricity supply and, together with nuclear energy, meet the vast majority of incremental electricity demand.
 
The report points out that, affected by the energy crisis and abnormal weather conditions in some regions, the growth of global power demand will slow to 2% in 2022, lower than the level before the COVID-19 epidemic. Affected by the soaring energy prices, the EU's electricity demand in 2022 decreased by 3.5% year-on-year. Affected by strong economic recovery and high summer temperatures, India's electricity consumption increased by 8.4%. The demand for electricity in the United States increased by 2.6%.
 
The report predicts that global electricity demand growth will accelerate to an average of 3% per year in the next three years, with over 70% of the demand growth coming from some Asian regions.
 
The Director of the International Energy Agency, Fatih Birol, stated that global electricity demand growth is bound to accelerate, but the growth rate of renewable energy and nuclear energy can meet almost all new demand.
 
The International Energy Agency predicts that the proportion of renewable energy in the global power generation portfolio will increase from 29% in 2022 to 35% in 2025, while the proportion of coal-fired and gas-fired power generation will decrease. In the coming years, the carbon emissions intensity of global power generation will continue to decline.
 
With the development of global productivity and the continuous improvement of the economy, there is also a high demand for electricity. Hengfengyou electric engineers believe that the continuous development of electricity now enhances the functionality of dry-type transformers and promotes their continuous development. From the perspective of various industries, the development speed of dry-type transformers is relatively fast, and improving the overall operation of dry-type transformers is crucial, providing a continuous source of power for electricity.
 
Dry type transformers have the advantages of strong short-circuit resistance, low maintenance workload, high operating efficiency, small size, and low noise, and are commonly used in places with high performance requirements such as fire and explosion protection. Simply put, a dry type transformer refers to a transformer whose iron core and windings are not immersed in insulating oil.
 
For more details, please pay attention to Qingdao hengfengyou Electrical Engineering Co., Ltd. and feel free to contact: hfy@hengfengyou.com

The development of electricity has injected strong impetus into the development of the entire transmission and distribution equipment industry. Currently, the annual procurement volume of China's transmission and distribution equipment accounts for 32% of the world's total, and it has become a valuable target market for its peers worldwide.