In June 2024, the peak electrical demand in Singapore reached about **** thousand megawatts. This was a slight decrease from the previous month, and a continued rise over the measured period. The lowest power demand was recorded in January 2021, due to the impact of the coronavirus (COVID-19) pandemic.

Singapore Electricity Demand: Daily Average data was reported at 5,933.000 MWh in Sep 2018. This records a decrease from the previous number of 5,974.000 MWh for Aug 2018. Singapore Electricity Demand: Daily Average data is updated monthly, averaging 4,998.000 MWh from Mar 2003 (Median) to Sep 2018, with 187 observations. The data reached an all-time high of 6,031.000 MWh in May 2018 and a record low of 2,786.880 MWh in Jan 2004. Singapore Electricity Demand: Daily Average data remains active status in CEIC and is reported by Energy Market Company. The data is categorized under Global Database’s Singapore – Table SG.RB001: Electricity and Gas Statistics.

In 2023, approximately **** exajoules of primary energy were consumed in Singapore. Singapore’s total energy demand included an energy mix of coal and peat, petroleum products, natural gas and electricity generation. Singapore’s energy mix While electricity generation and natural gas accounted for about ** and ** percent respectively, petroleum products made up over ** percent of the primary energy consumption in Singapore. Petroleum products are materials derived from oil and mostly converted into several classes of fuel. Singapore’s industry sector is highly dependent on fuel supply, consuming about ** percent of the petroleum products. In 2022, Singapore imported about ****** ktoe (kilotons of oil equivalent) of petroleum products. Singapore’s electricity marketOver ** percent of the electricity was generated from natural gas. The remaining five percent were distributed across renewable sources, petroleum products and coal. The use of renewable sources was limited due to the lack of space in the country. However, Singapore has started to install solar panels on its many high-rise rooftops, to harness the many hours of sunshine to advance solar power generation.

Singapore Electricity Demand: Daily Maximum data was reported at 6,936.000 MWh in Sep 2018. This records a decrease from the previous number of 6,956.000 MWh for Aug 2018. Singapore Electricity Demand: Daily Maximum data is updated monthly, averaging 6,108.000 MWh from Mar 2003 (Median) to Sep 2018, with 187 observations. The data reached an all-time high of 7,071.000 MWh in May 2018 and a record low of 4,679.810 MWh in Dec 2003. Singapore Electricity Demand: Daily Maximum data remains active status in CEIC and is reported by Energy Market Company. The data is categorized under Global Database’s Singapore – Table SG.RB001: Electricity and Gas Statistics.

Global primary energy consumption has increased dramatically in recent years and is projected to continue to increase until 2045. Only hydropower and renewable energy consumption are expected to increase between 2045 and 2050 and reach 30 percent of the global energy consumption. Energy consumption by country The distribution of energy consumption globally is disproportionately high among some countries. China, the United States, and India were by far the largest consumers of primary energy globally. On a per capita basis, it was Qatar, Singapore, the United Arab Emirates, and Iceland to have the highest per capita energy consumption. Renewable energy consumption Over the last two decades, renewable energy consumption has increased to reach over 90 exajoules in 2023. Among all countries globally, China had the largest installed renewable energy capacity as of that year, followed by the United States.

Singapore SG: Fossil Fuel Energy Consumption: % of Total data was reported at 97.524 % in 2014. This records an increase from the previous number of 97.454 % for 2013. Singapore SG: Fossil Fuel Energy Consumption: % of Total data is updated yearly, averaging 98.951 % from Dec 1971 (Median) to 2014, with 40 observations. The data reached an all-time high of 99.992 % in 1979 and a record low of 97.454 % in 2013. Singapore SG: Fossil Fuel Energy Consumption: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Energy Production and Consumption. Fossil fuel comprises coal, oil, petroleum, and natural gas products.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Restricted use: Please contact the International Energy Agency for third-party use of these data.

The Singapore Renewable Energy Market size was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, exhibiting a CAGR of 3.00">> 3.00 % during the forecasts periods. Renewable energy, also known as green energy, is derived from natural sources that are replenished faster than they are consumed. Common types of renewable energy include solar power, wind power, hydropower, geothermal energy, and biomass. These sources are abundant and produce minimal greenhouse gas emissions compared to fossil fuels, making them crucial in combating climate change. Solar and wind energy, in particular, have seen significant advancements and cost reductions, making them more competitive with traditional energy sources. Recent developments include: In July 2021, Sembcorp Industries unveiled one of the world's largest floating solar panel farms. The project is located on a reservoir in western Singapore, with a 60 MW peak solar photovoltaic (PV) farm installed capacity., In March 2021, Amazon announced its first renewable energy project in Singapore, a 62 megawatt (MW) solar project made up of a series of solar panels mounted on a ground system. The project is expected to generate 80,000-megawatt-hours (MWh) of clean energy annually, enough to power more than 10,000 homes in Singapore.. Key drivers for this market are: 4., Increased Government Investment in Establishing Water Treatment Infrastructure4.; Increase in Power Generation Using Steam. Potential restraints include: 4., The Emissions Regulations, High Capital and Operations Costs. Notable trends are: The Solar Energy Segment is Expected to Dominate the Market.

Singapore SG: Renewable Energy Consumption: % of Total Final Energy Consumption data was reported at 0.709 % in 2015. This records an increase from the previous number of 0.622 % for 2014. Singapore SG: Renewable Energy Consumption: % of Total Final Energy Consumption data is updated yearly, averaging 0.500 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 0.709 % in 2015 and a record low of 0.195 % in 1990. Singapore SG: Renewable Energy Consumption: % of Total Final Energy Consumption data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Energy Production and Consumption. Renewable energy consumption is the share of renewables energy in total final energy consumption.; ; World Bank, Sustainable Energy for All (SE4ALL) database from the SE4ALL Global Tracking Framework led jointly by the World Bank, International Energy Agency, and the Energy Sector Management Assistance Program.; Weighted average;

Singapore SG: Energy Consumption: % of Total Energy Consumption: Agriculture data was reported at 0.000 % in 2022. This stayed constant from the previous number of 0.000 % for 2021. Singapore SG: Energy Consumption: % of Total Energy Consumption: Agriculture data is updated yearly, averaging 0.000 % from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 0.040 % in 2001 and a record low of 0.000 % in 2022. Singapore SG: Energy Consumption: % of Total Energy Consumption: Agriculture data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Singapore – Table SG.OECD.GGI: Environmental: Energy Production and Consumption: Non OECD Member: Annual.

Singapore Electricity Demand: Daily Minimum data was reported at 4,849.000 MWh in Sep 2018. This records a decrease from the previous number of 4,875.000 MWh for Aug 2018. Singapore Electricity Demand: Daily Minimum data is updated monthly, averaging 3,810.000 MWh from Mar 2003 (Median) to Sep 2018, with 187 observations. The data reached an all-time high of 4,925.000 MWh in May 2018 and a record low of 2,668.190 MWh in Jan 2004. Singapore Electricity Demand: Daily Minimum data remains active status in CEIC and is reported by Energy Market Company. The data is categorized under Global Database’s Singapore – Table SG.RB001: Electricity and Gas Statistics.

Singapore SG: Energy Consumption: % of Total Energy Consumption: Transport data was reported at 12.220 % in 2022. This records a decrease from the previous number of 12.640 % for 2021. Singapore SG: Energy Consumption: % of Total Energy Consumption: Transport data is updated yearly, averaging 15.800 % from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 32.670 % in 1992 and a record low of 12.220 % in 2022. Singapore SG: Energy Consumption: % of Total Energy Consumption: Transport data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Singapore – Table SG.OECD.GGI: Environmental: Energy Production and Consumption: Non OECD Member: Annual.

The Southeast Asia power industry is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 3.00% from 2025 to 2033. While the exact market size in 2025 is not provided, considering the significant energy demand driven by rapid economic development and expanding populations across the region, a conservative estimate places the market value at approximately $150 billion USD. This growth is fueled by several key drivers. Increasing urbanization and industrialization necessitate a substantial expansion of power generation capacity. Furthermore, government initiatives promoting renewable energy sources, such as solar and wind power, are significantly impacting the market landscape. The shift towards cleaner energy solutions is being driven by environmental concerns and a desire to reduce reliance on fossil fuels. However, the industry faces challenges such as the need for significant infrastructure investment to support grid modernization and the integration of renewable energy sources. The geographical diversity of the region also presents challenges in terms of resource allocation and project implementation. Despite these constraints, the long-term outlook remains positive, supported by consistent economic growth and the region’s commitment to sustainable energy development. The competitive landscape is characterized by a mix of state-owned enterprises and private players. Key players like Singapore Power, PetroVietnam Power Corporation, Electricity Generating Authority of Thailand, and Tenaga Nasional Berhad hold significant market shares, leveraging their established infrastructure and expertise. However, the increasing participation of international players like Iberdrola and AC Energy reflects the attractiveness of the Southeast Asian power market. The industry is witnessing a strategic shift towards diversification, with companies investing in both conventional and renewable energy sources to meet evolving energy demands and regulatory requirements. This dynamic interplay of established players and new entrants ensures a competitive and innovative environment, contributing to the sustained growth of the Southeast Asia power sector. Key drivers for this market are: The primary driver is the rising demand for electricity due to population growth, economic development, and industrial expansion, coupled with the increasing adoption of renewable energy to meet sustainability goals.. Potential restraints include: High infrastructure development costs, energy security concerns, and reliance on fossil fuels in some countries pose challenges to the transition to cleaner energy.. Notable trends are: A notable trend is the growing investment in smart grids, energy storage solutions, and decentralized energy systems, which improve grid reliability and integrate renewable sources efficiently..

As of June 2024, Singapore produced about **** percent of its electricity from natural gas. Natural gas is the cleanest form of fossil fuel and is therefore used to lower the emissions through power generation in Singapore. Singapore’s energy sector  Up until 50 years ago, Singapore’s power generation relied heavily on coal. However, economic development had led to an increase in the demand for electricity. Current challenges such as climate change and digitalization, which will further increase the need for electricity, has led to the decision to switch mainly to natural gas and renewable power sources. Unsurprisingly, this resulted in a rise in natural gas consumption, reaching about **** billion cubic meters in 2023. Due to a lack of land, renewable power sources are limited. Currently, Singapore is trying to expand its solar power generation. As of 2022, Singapore’s solar energy capacity reached about ***** megawatts.    The future of Singapore’s electricity consumption To further improve its electricity generation, the government has decided to slowly liberalize the energy market. The variety of providers was intended to help households and companies to take a closer look at their consumption and to be able to manage it better. The government has also started to provide more information on the subject and is trying to further improve the efficiency of the power generation system. 

The Singapore data center power market, valued at $1.61 billion in 2025, is poised for steady growth, projected to expand at a compound annual growth rate (CAGR) of 3.20% from 2025 to 2033. This growth is fueled by several key drivers. The burgeoning digital economy in Singapore necessitates robust and reliable power infrastructure for data centers, driving demand for UPS systems, generators, power distribution solutions (PDUs, switchgear, etc.), and associated services. Increasing adoption of cloud computing and the rise of edge computing further contribute to this expansion. Government initiatives promoting digital transformation and attracting foreign investments in the technology sector also play a significant role. The market is segmented across various end-user industries, with IT and telecommunications, BFSI (Banking, Financial Services, and Insurance), and the government sectors being major consumers of data center power solutions. Competition in the market is intense, with established players like ABB, Caterpillar, Cummins, Eaton, Legrand, Schneider Electric, and Vertiv vying for market share alongside regional and specialized providers. While challenges such as increasing energy costs and the need for sustainable power solutions exist, the overall market outlook remains positive, driven by the relentless expansion of the digital landscape in Singapore. The historical period (2019-2024) likely witnessed a growth trajectory similar to the projected future, though possibly with some year-on-year fluctuation based on economic factors and specific investment cycles. Considering the consistent CAGR, we can project a continued expansion, with the market potentially exceeding $2 billion by 2033. The market's diverse segmentation across power infrastructure solutions and end-user verticals indicates numerous opportunities for specialized vendors. Further growth could be fueled by innovations in energy efficiency technologies and the adoption of renewable energy sources within data center operations. This will require data center operators to invest further in sophisticated power management and monitoring solutions to enhance their energy efficiency and reduce their environmental footprint. Recent developments include: January 2024: Caterpillar Inc. partnered with Microsoft and Ballard Power Systems to test the use of large-format hydrogen fuel cells as a reliable and eco-friendly backup power source for multi-megawatt data centers. Hydrogen fuel cells are seen as a possible low-carbon alternative to diesel backup generators, which is expected to drive the growth of DC generators., March 2024: Schneider Electric announced the expansion of its US manufacturing facilities at two locations to support critical infrastructure of data centers and other industries. At both locations, the company planned to manufacture electrical switchgear and medium-voltage power distribution products.. Key drivers for this market are: The Rising Adoption of Mega Data Centers and Cloud Computing, Increasing Demand to Reduce Operational Costs. Potential restraints include: The Rising Adoption of Mega Data Centers and Cloud Computing, Increasing Demand to Reduce Operational Costs. Notable trends are: The IT and Telecom Segment is Expected to Maintain a Significant Market Share.

The Southeast Asia Solar Energy Market size was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, exhibiting a CAGR of 10.20 % during the forecast's periods. The market of solar energy in Southeast Asia is growing day by day due to rising demand in energy requirements as well as adopting green energy solutions to mitigate climatic change impact. This group of countries consist of Thailand, Vietnam, Malaysia, Indonesia, Philippines, among others, all of which are harnessing their huge solar power potential to address the diversification of energy sources away from fossil related products. There is high solar radiation and lots of sunshine in the region, consequently, this favors the use of solar energy. It is the stimuli of government policies & incentives that can make the sector of solar energy to grow in the region of the Southeast Asia. Numerous countries have adopted policies such as feed-in tariff, tax credit, and targets for the share of renewable energy to promote the establishment of solar projects. Secondly, the solar energy has gradually become cheaper due to favorable cost reduction of the implementable solar technology and improved PV conversion efficiency. However, this forward-trending phenomenon seems to be a challenge for the Southeast Asia solar energy market that has to sort out certain problems like the lack of an appropriate grid system, additional constraints, and the problem of finance accumulation. But, ongoing capital investment, technology advancement and favourable policies, the market for solar energy is set to expand in Southeast Asia positively impacts the security of supply, development of economy and sustainability of the environment of the region. Recent developments include: October 2022: Acwa Power secured a contract from Indonesia's state-owned utility, PT Perusahaan Listrik Negara (PLN), to build two floating solar photovoltaic (PV) power plants. The deal encompassed the 60 MW Saguling and 50 MW Singkarak floating solar projects. The two projects were likely to have a combined capacity of 110 MW and cost USD 105 million to build., April 2022: The Sunseap Group of Singapore signed an agreement with the provincial administration of Indonesia's Riau Islands to build large-scale solar energy and storage projects to supply power to the islands and Singapore.. Key drivers for this market are: 4., Increasing Renewable Energy Installation to Reduce the Carbon Emission4.; The Decreasing Price of Solar PV Modules. Potential restraints include: 4., Increasing Adoption of Alternative Renewable Technologies like Hydropower. Notable trends are: Solar Photovoltaic Expected to Dominate the Market.

In 2023, the amount of electricity consumed in Singapore reached about ** thousand gigawatt hours. Singapore consumes a large amount of electricity to power the city's infrastructure and economy. The industrial sector consumed the largest amount of electricity with a share of around ** percent. The Singapore electricity market The electricity sector is regulated by the Energy Market Authority (EMA). This institution operates under the Ministry of Trade and aims to promote effective competition in the energy market. As of June 2022, Tuas Power Generation Pte had the largest share of the energy, followed by Senoko Energy and YTL PowerSeraya. However, up until 2001, all consumers had to buy electricity at a regulated tariff. In 2001, EMA started to slowly liberalize the market. To better meet the demands of Singaporean consumers, they launched the Open Electricity Market in April 2018, with a soft launch in Jurong. This allowed households and businesses to decide from which retailer and at what price they wanted to buy their electricity. This program was then expanded at a national level in late 2018. Today, the consumer can choose between the regulated tariffs or an individual solution.

Singapore SG: Electric Power Consumption: per Capita data was reported at 8,844.688 kWh in 2014. This records an increase from the previous number of 8,680.606 kWh for 2013. Singapore SG: Electric Power Consumption: per Capita data is updated yearly, averaging 5,368.306 kWh from Dec 1971 (Median) to 2014, with 44 observations. The data reached an all-time high of 8,844.688 kWh in 2014 and a record low of 1,154.811 kWh in 1971. Singapore SG: Electric Power Consumption: per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Energy Production and Consumption. Electric power consumption measures the production of power plants and combined heat and power plants less transmission, distribution, and transformation losses and own use by heat and power plants.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Restricted use: Please contact the International Energy Agency for third-party use of these data.

Fossil fuel energy consumption of Singapore reduced by 0.18% from 98.1 % in 2021 to 97.9 % in 2022. Since the 0.09% increase in 2020, fossil fuel energy consumption dipped by 0.11% in 2022. Fossil fuel comprises coal, oil, petroleum, and natural gas products.

The Southeast Asia power transmission and distribution market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 8% from 2025 to 2033. This expansion is driven by several key factors. Firstly, rapid economic development across the region, particularly in Vietnam, Indonesia, Malaysia, and Thailand, fuels increasing energy demand for industrialization and urbanization. Secondly, governments are investing heavily in upgrading aging infrastructure and expanding grid capacity to meet this growing demand and improve reliability. This includes initiatives focused on renewable energy integration, necessitating robust transmission and distribution networks. Finally, the region's rising population and improving living standards contribute to increased electricity consumption in both residential and commercial sectors. While challenges remain, such as the need for significant capital investment and potential regulatory hurdles, the long-term outlook for the market remains positive. The market segmentation reveals Vietnam, Indonesia, Malaysia, and Thailand as leading contributors. Considering a 2025 market size of (let's assume) $50 billion (this is a reasonable estimate given the high CAGR and the size of the Southeast Asian economies), and applying the 8% CAGR, we can anticipate substantial growth across the identified segments. Companies like Vietnam Electricity, Toshiba, Romelectro, Mitsubishi Electric, and General Electric are key players, competing through technological innovation, project execution capabilities, and strategic partnerships. The "Rest of Southeast Asia" segment, while smaller individually, collectively contributes meaningfully to the overall market size. Future growth will likely be influenced by factors such as government policies supporting renewable energy integration, technological advancements in smart grids, and the evolving regulatory landscape in each country. Recent developments include: In March 2022, the SunCable led 'Australia-Asia PowerLink' HVDC project, received a significant boost as Australian billionaires Mike Cannon-Brookes and Andrew Forrest invested a further USD 152 million into the undersea cable link construction meant to deliver solar-generated power from Australia to Singapore. According to Sun Cable, the solar energy developer in Australia, the USD 152 million will accelerate the construction of Australia-Asia PowerLink (AA PowerLink)., In 2021, the Indonesian government awarded the subsea permit to the Australia-Asia PowerLink (AAPowerLink) HVDC project, a proposed high voltage direct current (HVDC) power cable between Darwin, in Northern Australia, and Singapore, and recommended the project route through Indonesian waters. The proposed Australia Singapore Power Link includes a 17-20 GWp solar park in Tennant Creek, a 36-42 GWh battery storage facility, and a 4,200 km long power transmission line to supply power to Singapore.. Notable trends are: Transmission Type Segment to Witness Significant Growth.

Singapore Primary Energy Consumption per Capita data was reported at 160,276.984 kWh/Person in 2023. This records an increase from the previous number of 147,572.328 kWh/Person for 2022. Singapore Primary Energy Consumption per Capita data is updated yearly, averaging 104,456.758 kWh/Person from Dec 1965 (Median) to 2023, with 59 observations. The data reached an all-time high of 164,802.547 kWh/Person in 2017 and a record low of 25,737.217 kWh/Person in 1965. Singapore Primary Energy Consumption per Capita data remains active status in CEIC and is reported by Our World in Data. The data is categorized under Global Database’s Singapore – Table SG.OWID.ESG: Environmental: CO2 and Greenhouse Gas Emissions: Annual.