In 2023, the total support on end-use electricity for residential purposes in Italy was at a baseline before forecasted growth. Forecasts suggest a steady increase from 2024 through 2028, growing from $2.17 billion to $2.61 billion at a calculated CAGR of approximately 4.7% over these years. Year-on-year growth is consistent, indicating robust demand and investment in residential electricity support.
Future trends to watch:
- Government policies influencing renewable energy adoption in residential settings.
- Technological advancements contributing to energy efficiency and reduced costs.
- Fluctuations in global energy markets impacting local investments.
- Consumer behavior shifts towards more sustainable living practices driving further demand.