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Electric Power Market Outlook 2024 - 2028

Daily Updated Industry Statistics and Top Emerging Trends about the Electric Power Industry

Global Electric Power Trends in 2024

Electric Power is part of Energy and includes a number of sub-sectors such as Electric Power Generation. You may also be interested in Renewable Energy, Nuclear Power and Coal.

Global electricity generation is projected to climb to approximately 32,840 terawatt-hours by 2028, up from around 29,650 terawatt-hours in 2023. This represents an annual growth rate of 1.6%. Since 1990, global electricity supply has increased at an average annual rate of 2.1%. China led the world in electricity generation in 2023, producing around 9,280 terawatt-hours. The United States, India, and Russia followed as the second, third, and fourth largest producers, respectively. Notably, Turkmenistan saw a significant year-on-year increase of 7%, while Estonia experienced a decline of 7.5% annually since 1990.

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In 2024 major markets in the Electric Power Industry were:

Electric Power Market Data and Forecasts

How much the Electric Power industry is expected to grow to 2028?

Forecast: World Electricity Generation
Forecast: Electricity Generation in Europe
Forecast: Electricity Generation in the EU
Forecast: Electricity Generation in Russia
Forecast: Electricity Generation in Germany
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Global Electric Power Statistics

Global Electric Power Industry Database