The 2024 data on Global Total Support for End-Use Electricity in residential sectors reveals substantial variations among countries. South Africa leads with the highest value of 2.16 billion USD, driven by a remarkable 62.05% increase in 2023. Noteworthy growth was also seen in Canada and Belgium, with 23.24% and 11.15% increases, respectively. Conversely, Indonesia and Colombia faced significant downturns of -19.83% and -7.53%, respectively. Smaller declines were observed in Greece, Ireland, and Argentina, reflecting varied regional dynamics.
Future trends to watch include:
- Continued demand increase in developing markets as electrification progresses.
- Technological advancements in energy efficiency potentially shifting support dynamics.
- Impact of regulatory changes and policies favoring renewable energy integration.
- Evolving consumer behavior towards sustainable energy consumption.
Top countries in Total Support on End-Use Electricity for Residential by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Africa | 2,160 | 2023 | +26.04% | +62.05% | View data |
| 2 | 2 Australia | 976.19 | 2023 | -1.4% | +7.34% | View data |
| 3 | 3 United States | 908.14 | 2023 | +0.93% | +3.78% | View data |
| 4 | 4 Mexico | 677.18 | 2023 | +7.81% | +10.06% | View data |
| 5 | 5 Greece | 623.52 | 2023 | +1.27% | -0.36% | View data |
| 6 | 6 Indonesia | 417.3 | 2023 | -33.91% | -19.83% | View data |
| 7 | 7 Spain | 271.11 | 2023 | +4.76% | -0.97% | View data |
| 8 | 8 Canada | 137.15 | 2023 | +8.19% | +23.24% | View data |
| 9 | 9 Ireland | 115.45 | 2023 | -1.2% | -3.04% | View data |
| 10 | 10 Azerbaijan | 104.41 | 2023 | +23.15% | -5.13% | View data |
