In 2024, South Africa leads in Global Direct Transfer on End-Use Electricity for residential use, valued at 2.22 billion USD, followed by Australia at 1.1 billion USD. Mexico ranks third with 0.716 billion USD, and Indonesia follows at 0.66055 billion USD. Notably, South Africa experienced a significant year-on-year increase of 67.42%, indicating robust growth. Other notable increases include Belgium (12.13%) and Armenia (48.42%). Decreases include Indonesia (-11.6%) and Argentina (-10.41%), signaling potential market contractions.
Future trends to watch for include potential growth in emerging markets and stability in mature markets. Regions experiencing year-on-year increases suggest a positive outlook, whereas markets with declining values may require strategic adjustments or indicate shifting consumer behavior patterns. Monitoring policy changes, technological advancements, and economic factors will be crucial for anticipating future market dynamics globally.
Top countries in Direct Transfer on End-Use Electricity for Residential by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Africa | 2,220 | 2023 | +26.72% | +67.42% | View data |
| 2 | 2 Australia | 1,100 | 2023 | +1.31% | +11.09% | View data |
| 3 | 3 Mexico | 716 | 2023 | +7.39% | +10.66% | View data |
| 4 | 4 Indonesia | 660.55 | 2023 | -19.28% | -11.6% | View data |
| 5 | 5 Spain | 308.32 | 2023 | +6.54% | +1.8% | View data |
| 6 | 6 Ukraine | 302.68 | 2023 | +7.84% | -0.41% | View data |
| 7 | 7 Ireland | 111.1 | 2023 | -2.33% | -2.75% | View data |
| 8 | 8 Azerbaijan | 110.51 | 2023 | +27.58% | -2.32% | View data |
| 9 | 9 Belgium | 66.14 | 2023 | +6.71% | +12.13% | View data |
| 10 | 10 Colombia | 58.49 | 2023 | +1.14% | +8.96% | View data |
