The Global Total Support on Petroleum for Residential purposes highlights notable variations across countries. In 2023, India leads with the highest support amounting to $59.83 million, despite a decrease of 3.1% from the previous year. Ireland and Portugal experienced significant increases of 3.48% and 24.91%, respectively. Conversely, notable declines were observed in the United States, Italy, and Spain, each decreasing by approximately 2.39%, 5.92%, and 7.16%. Despite China's policy shifts to diversify energy sources, support grew by 8%. This landscape indicates a divergence in funding priorities linked to national energy policies.
Future trends to watch include the potential impact of green energy adoption and policy changes in countries like China and India. Emerging economies may continue reallocating resources towards renewable energy, while legislative measures in Europe could further decrease dependence on petroleum for residential purposes.
Top countries in Total Support on Petroleum for Residential Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 59.83 | 2023 | +18.22% | -3.1% | View data |
| 2 | 2 Belgium | 17.16 | 2023 | -0.5% | -2.39% | View data |
| 3 | 3 United States | 7.84 | 2023 | -0.4% | -2.39% | View data |
| 4 | 4 Greece | 5.1 | 2023 | +5.21% | +10.91% | View data |
| 5 | 5 United Kingdom | 4.02 | 2023 | -2.23% | -2% | View data |
| 6 | 6 Ireland | 3 | 2023 | +2.8% | +3.48% | View data |
| 7 | 7 Italy | 2.68 | 2023 | -4.57% | -5.92% | View data |
| 8 | 8 China | 0.87 | 2023 | +9.48% | +8% | View data |
| 9 | 9 Ukraine | 0.45 | 2023 | +25.06% | +3.86% | View data |
| 10 | 10 Lithuania | 0.32 | 2023 | +2.01% | +2.36% | View data |
