Analysis of Global Power Market
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Analysis of Global Power Market
Power Consumption
In the last 3 years, the power consumption of all these selected regions experienced growing trends, except for the UK, of which
the power consumption decreased by 0.7% from 304.0 TWh in 2016 to 299.6 TWh in 2018. China is the largest power consumer
among all countries in the world and the power consumption increased rapidly from 5,971.0 TWh in 2016 to 6,844.9 TWh in
2018, with a CAGR of 7.1%. The power consumption in SEA increased at a CAGR of 4.7% from 2016 to 2018.
In the following 5 years, the power consumption in China and SEA is predicted to keep the current growth trends due to the fast
economic growth in these two regions and reach 8,912.1 TWh and 1,185.6 TWh in 2023 respectively. In rest of the regions, the
power consumption will maintain at a relatively stable level.
Power Consumption, U.S., UK, Other European Countries, China and SEA, 2016-2023E
TWh
10,000
8,912.1
CAGR
CAGR
(16-18) (18-23E)
9,000
8,455.5
8,022.3
8,000
7,611.3
7,221.4
China
7.1%
5.4%
6,844.9
7,000
6,309.4
5,971.0
6,000
U.S.
0.5%
0.1%
5,000
3,902.3
3,864.5
3,942.0
3,887.3
3,916.5
3,934.3
3,931.9
3,947.0
Other
4,000
European
0.9%
1.0%
Countries*
3,000
3,052.0
3,070.3
3,106.9
3,140.1
3,170.0
3,203.9
3,236.8
2,000
845.9
881.4
927.0
975.4
1,022.8
1,074.8
1,129.1
3,269.6
1,185.6
SEA
4.7%
5.0%
1,000
UK
-0.7%
0.2%
304.0 299.6 299.6'
300.8▪
300.9
0
2016
U.S.
2017
-UK
2018
2019E
2020E
2021E
302.0-302.8 303.4
2022E
2023E
Other European Countries -China ➡SEA
*Other European Countries not including Russia, Ukraine, Moldova, Belarus, Lithuania, Latvia, and Estonia
FROST
Source: EIA, EGAT, MEIH, EMA, Frost & Sullivan
SULLIVAN
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