Key Market Indicators
Iran's electricity generation is projected to reach approximately 402 terawatt-hours by 2028, up from around 360 terawatt-hours in 2023. This marks an average annual growth rate of 1.8%. Since 1990, Iran's electricity supply has been increasing at an average rate of 2.9% per year. As of 2023, the country ranks 12th globally in electricity production. In a notable shift, Saudi Arabia surpassed Iran's electricity generation, also recording 360 terawatt-hours. Leading the global rankings in electricity production are the United States, India, and Russia, holding the second, third, and fourth positions, respectively.