Forecast: Energy Consumption in Industry in South Africa

In 2023, the energy consumption in industry in South Africa stood at 38.03% of total energy consumption. Forecasts from 2024 to 2028 indicate a slight decline, with values consistently around 38.02% to 38.01%. This represents minimal year-on-year variation, and a virtually flat CAGR over the five-year span, essentially indicating a stable trend with negligible changes in energy consumption percentages.

Future trends to watch for:

• Adoption of renewable energy sources and its impact on industrial energy consumption.
• Government policies and regulations aimed at energy efficiency in the industrial sector.
• Technological advancements that may influence energy usage patterns.