The 2024 forecast data for Global Direct Transfer on End-Use Electricity for Residential across countries shows South Africa leading with $2.14 billion, followed by Australia and Mexico. South Africa recorded the highest growth in 2023 with a 62.05% increase. Conversely, Spain, Ukraine, Ireland, Azerbaijan, and other countries displayed negative growth, notably, Azerbaijan with a -5.13% decrease. Long-term analysis highlights Canada's stability and positive growth, while Italy showed modest growth. Armenia experienced a remarkable rise in direct transfer, increasing by 48.1%. Moldova remains the smallest contributor, with minor fluctuations.
Future trends to watch include increasing energy investments in South Africa, technological advancements in Australia, and potential policy adjustments in Mexico. Continuous growth in efficient energy consumption and renewable adoption might drive these nations’ progress. Monitoring regulatory policies and economic factors affecting residential electricity usage will also be crucial for understanding future dynamics in this sector.
Top countries in Direct Transfer on End-Use Electricity for Residential by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Africa | 2,140 | 2023 | +26.04% | +62.05% | View data |
| 2 | 2 Australia | 976.19 | 2023 | -1.4% | +7.34% | View data |
| 3 | 3 Mexico | 706.71 | 2023 | +7.81% | +10.06% | View data |
| 4 | 4 Spain | 271.09 | 2023 | +4.76% | -0.97% | View data |
| 5 | 5 Ukraine | 224.48 | 2023 | +6.21% | -2.49% | View data |
| 6 | 6 Ireland | 109.79 | 2023 | -1.21% | -3.06% | View data |
| 7 | 7 Azerbaijan | 103.54 | 2023 | +23.15% | -5.13% | View data |
| 8 | 8 Canada | 44.4 | 2023 | +7.07% | +8.52% | View data |
| 9 | 9 Italy | 18.55 | 2023 | +8.18% | +5.26% | View data |
| 10 | 10 Argentina | 10.2 | 2023 | +3.64% | -6.4% | View data |
