Forecast data indicates a rising support for end-use electricity, expressed as a percentage of GDP from 2024 to 2028. The projected growth pattern shows a steady year-on-year increase: from 0.015 in 2024 to 0.022 by 2028. The compounded annual growth rate (CAGR) over this period is indicative of sustained investment in this sector.
Future trends to watch for include:
- Evolving regulations and policies affecting electricity consumption.
- Technological advancements in energy efficiency and smart grid technologies.
- Possible shifts in consumer behavior towards renewable energy sources.
- Impact of global economic climate on energy investment and consumption.
