Top Countries by Hydroelectricity Consumption

In 2023, China led hydroelectricity consumption with 263.11 MTOE, showing robust growth. Canada and Brazil followed closely, with values of 87.85 and 86.95 MTOE respectively. The United States consumed 59.23 MTOE, whereas Russia and Norway recorded 42.23 and 32.44 MTOE each. Significant consumers like India, Japan, Turkey, and Sweden consumed 29.14, 18.1, 15.2, and 14.11 MTOE, respectively. Over the past two years, hydroelectricity consumption showed modest growth in these countries with a steady CAGR over the last five years.

Future trends indicate increased consumption in emerging markets, emphasized by environmental policies favoring renewable energy. Technological advancements and infrastructure investments are expected to drive growth, especially in regions with abundant water resources. Monitoring economic developments and policies will be crucial for understanding future consumption patterns.