Key Market Indicators
Ireland's hydro power consumption is projected to reach approximately 2,750 terajoules by 2028, up slightly from 2,740 terajoules in 2023. This represents a stagnant compound annual growth rate (CAGR) of 0% year-on-year. Since 1995, Ireland has seen a modest annual increase of 1.9% in its hydro power demand. In the global ranking for 2023, Ireland secured the 27th position, narrowly trailing Macedonia, which also recorded 2,740 terajoules. In terms of hydro power generation, Ireland is expected to hit the same figure of 2,750 terajoules by 2028, up from 2,740 terajoules in 2023, maintaining a 0% average growth rate annually. The country has experienced a similar annual growth rate of 1.9% in hydro power supply since 1995. In the 2023 rankings, Ireland again stood at 27th, with Macedonia slightly ahead at 2,740 terajoules. Leading the list are Sweden, France, and Italy, occupying the 2nd, 3rd, and 4th positions respectively.
