The analysis of Global Direct Transfer on End-Use Electricity for Consumers reveals that in 2023, Mexico led with substantial market share at $51.69 million, recording a 10.77% increase. Indonesia followed at $24.62 million but experienced a significant decrease of 13.28%. Spain, with a value of $6.75 million, showed an upward trend with an 8.34% rise. While Ukraine and Ireland saw minor declines, Azerbaijan's market slightly reduced by 2.32%. Noteworthy are Belgium's and Netherlands’ strong growth rates of 12.13% and 9.81%, respectively. Armenia stands out with a significant 48.42% increase, though starting from a low base. Over the past years, Canada and Colombia also showed positive growth increases, despite lower overall shares.
Looking forward, trends to monitor include the ongoing market expansion in developing nations like Mexico and potential rebounds in Indonesia and Argentina as they seek to stabilize their economies. Moreover, the consistent growth in European countries such as Belgium signals the continent's increasing focus on energy efficiency and consumer support policies. Potential economic and policy shifts in consumer-heavy countries, especially those currently facing growth challenges, may have substantial impacts on these trends.
Top countries in Direct Transfer on End-Use Electricity for Consumers Share by Country (Million US Dollars, Constant = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 51.69 | 2023 | +7.55% | +10.77% | View data |
| 2 | 2 Indonesia | 24.62 | 2023 | -20.83% | -13.28% | View data |
| 3 | 3 Spain | 6.75 | 2023 | +24.97% | +8.34% | View data |
| 4 | 4 Ukraine | 4.72 | 2023 | +7.08% | -1.17% | View data |
| 5 | 5 Ireland | 1.73 | 2023 | -2.33% | -2.75% | View data |
| 6 | 6 Azerbaijan | 1.72 | 2023 | +27.58% | -2.32% | View data |
| 7 | 7 Belgium | 1.03 | 2023 | +6.71% | +12.13% | View data |
| 8 | 8 Netherlands | 1 | 2023 | +31.46% | +9.81% | View data |
| 9 | 9 Colombia | 0.91 | 2023 | +1.14% | +8.96% | View data |
| 10 | 10 Canada | 0.69 | 2023 | +6.68% | +8.53% | View data |
