Renewable power consumption in North America has consistently grown from 4.44 Exajoules in 2013 to 10.41 Exajoules in 2023, an impressive leap reflecting an increasingly robust sector. From 2020 to 2022, there are significant year-on-year growth rates of 11.32% and 11.3%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years stands at 9.29%, highlighting a strong upward trend in renewable energy adoption.
- Between 2022 and 2023, the consumption rose by 9.97%.
- Forecasted data suggests ongoing growth, with a 2028 forecasted CAGR of 5.82% and an overall 32.7% growth rate from 2023 to 2028.
Future trends to watch for include technological advancements in renewable energy, policy support, and rising corporate and consumer demand, which will drive further growth in the sector.
