Electricity consumption in the United States totaled ***** terawatt-hours in 2023, one of the highest values in the period under consideration. Figures represent energy end use, which is the sum of retail sales and direct use of electricity by the producing entity. Electricity consumption in the U.S. is expected to continue increasing in the next decades. Which sectors consume the most electricity in the U.S.? Consumption has often been associated with economic growth. Nevertheless, technological improvements in efficiency and new appliance standards have led to a stabilizing of electricity consumption, despite the increased ubiquity of chargeable consumer electronics. Electricity consumption is highest in the residential sector, followed by the commercial sector. Equipment used for space heating and cooling account for some of the largest shares of residential electricity end use. Leading states in electricity use Industrial hub Texas is the leading electricity-consuming U.S. state. In 2022, the Southwestern state, which houses major refinery complexes and is also home to nearly ** million people, consumed over *** terawatt-hours. California and Florida trailed in second and third, each with an annual consumption of approximately *** terawatt-hours.
Over the past half a century, the world's electricity consumption has continuously grown, reaching approximately 27,000 terawatt-hours by 2023. Between 1980 and 2023, electricity consumption more than tripled, while the global population reached eight billion people. Growth in industrialization and electricity access across the globe have further boosted electricity demand. China's economic rise and growth in global power use Since 2000, China's GDP has recorded an astonishing 15-fold increase, turning it into the second-largest global economy, behind only the United States. To fuel the development of its billion-strong population and various manufacturing industries, China requires more energy than any other country. As a result, it has become the largest electricity consumer in the world. Electricity consumption per capita In terms of per capita electricity consumption, China and other BRIC countries are still vastly outpaced by developed economies with smaller population sizes. Iceland, with a population of less than half a million inhabitants, consumes by far the most electricity per person in the world. Norway, Qatar, Canada, and the United States also have among the highest consumption rates. Multiple contributing factors such as the existence of power-intensive industries, household sizes, living situations, appliance and efficiency standards, and access to alternative heating fuels determine the amount of electricity the average person requires in each country.
New York Electric Generation By Fuel Type, GWh dataset provides data on total electricity requirements and in-state generation for New York State in giga-watt hours. Sources of electricity include coal, natural gas, petroleum products, hydro, nuclear, waste, landfill gas, wood, wind, solar, and net imports of electricity. How does your organization use this dataset? What other NYSERDA or energy-related datasets would you like to see on Open NY? Let us know by emailing OpenNY@nyserda.ny.gov.
Global electricity generation has increased significantly over the past three decades, rising from less than 12,000 terawatt-hours in 1990 to over 30,000 terawatt-hours in 2024. During this period, electricity generation worldwide only registered an annual decline twice: in 2009, following the global financial crisis, and in 2020, amid the coronavirus pandemic. Sources of electricity generation The share of global electricity generated from clean energy sources –including renewables and nuclear power- amounted to almost 40 percent in 2024, up from approximately 32 percent at the beginning of the decade. Despite this growth, fossil fuels are still the main source of electricity generation worldwide. In 2024, almost 60 percent of the electricity was produced by coal and natural gas-fired plants. Regional differences Water, wind, and sun contribute to making Latin America and the Caribbean the region with the largest share of renewable electricity generated in the world. By comparison, several European countries rely on nuclear energy. However, the main electricity sources in the United States and China, the leading economic powers of the world, are respectively natural gas and coal.
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Serbia Energy Balance: Electricity: GWh: Final Consumption: Energy Use: Other Users data was reported at 5,005.000 GWh in 2016. This records an increase from the previous number of 4,920.000 GWh for 2015. Serbia Energy Balance: Electricity: GWh: Final Consumption: Energy Use: Other Users data is updated yearly, averaging 4,956.000 GWh from Dec 2004 (Median) to 2016, with 13 observations. The data reached an all-time high of 5,615.000 GWh in 2008 and a record low of 4,566.000 GWh in 2014. Serbia Energy Balance: Electricity: GWh: Final Consumption: Energy Use: Other Users data remains active status in CEIC and is reported by Statistical Office of the Republic of Serbia. The data is categorized under Global Database’s Serbia – Table RS.RB002: Energy Balance: Electricity and Hydro Energy.
Of the leading ten technology companies worldwide based on market capitalization, Samsung is the company consuming the most electricity at nearly ** million megawatt-hours (MWh) based on the company's most recent 2023 figures. Google, Taiwan Semiconductor Manufacturing Company (TSMC), and Microsoft came in second, third, and fourth place in electricity consumption, respectively.
Geothermal energy is used for electric power generation and direct utilization in the United States. The present installed capacity for electric power generation is 3,064 MWe with only 2,212 MWe in operation due to reduction at The Geysers geothermal field in California; producing approximately16,000 GWh per year. Geothermal electric power plants are located in California, Nevada, Utah and Hawaii. The two largest concentrations of plants are at The Geysers in northern California and the Imperial Valley in southern California. The direct utilization of geothermal energy includes the heating of pools and spas, greenhouses and aquaculture facilities, space heating and district heating, snow melting, agricultural drying, industrial applications and ground-source heat pumps. The installed capacity is 4,000 MWt and the annual energy use is 20,600 billion Btu (21,700 TJ - 6040 GWh).
Geothermal energy is used for electric power generation and direct utilization in the United States. The present installed capacity (gross) for electric power generation is 3168 MWe1 (installed) with 1,748 MWe net (running) delivering power to the gird producing approximately 14,974 GWh per year for a 0.54 gross capacity factor and a 0.98 net capacity factor. Geothermal electric power plants are located in California, Nevada, Utah and Hawaii with recent installation in Alaska, Idaho, New Mexico, Oregon, and Wyoming, with 500 MWe being added the last five years. The two largest concentrations of plants are at The Geysers in northern California and the Imperial Valley in southern California. The Geysers continues to receive waste water from Clear Lake and Santa Rosa, California that is injected into the field and has resulted in the recovery of approximately 200 MWe of power generation. The lowest temperature installed plant is at Chena Hot Springs in Alaska, where binary cycle plants uses 74oC geothermal fluids to run three units for a total of 730 kW (gross). With the recent passing of the production tax credit by the federal government (2.0 cents/kWh) and renewable portfolio standards requiring investments in renewable energy, the annual growth rate for electric power generation over the past five years is 3.7 percent. The direct utilization of geothermal energy includes the heating of pools and spas, greenhouses and aquaculture facilities, space heating and district heating, snow melting, agricultural drying, industrial applications and ground-source heat pumps. The installed capacity is 12,611 MWt and the annual energy use is 56,552 TJ or 15,709 GWh. The largest application is ground-source (geothermal) heat pumps (84% of the energy use), and the next largest direct-use is fish farming and swimming pool heating. Direct utilization (without heat pumps) remainded static over the past five years with gains balancing losses; however, ground-source heat pumps are being installed at a 13% annual growth rate with one million units (12 kW size) in operation. The energy saving from all geothermal energy use is about 6.9 million tonnes of equivalent fuel oil per year (45.7 million barrels) and reduces air pollution by almost 6.0 million tonnes of carbon and 17.0 million tonnes of CO2 annually (compared to fuel oil).
Asia is the world's region with the greatest electricity consumption. In 2023, countries within that region consumed a combined 12,868 terawatt-hours of electricity. The region is home to China, the world's largest electricity consuming country. North America and Europe trailed in second and third, with 4,623 and 3,223 terawatt-hours consumed, respectively.
An overview of the trends in the UK’s gas sector identified for the previous quarter, focusing on:
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Equinix, a global leader in colocation data center services, listed 247 International Business Exchange (IBX) data centers worldwide in 2024. This marked an increase of five facilities from the previous year, reflecting the company's efforts to meet growing global demand for data center capacity. The Americas housed 107 facilities in 2024, with the firm generating 3.9 billion U.S. dollars in the region that year. Efficiency and Sustainability Efforts As Equinix expands its footprint, the company is also focused on improving operational efficiency. In 2023, the average annual Power Usage Effectiveness (PUE) of Equinix data centers worldwide decreased to 1.42 from 1.46 in 2022, indicating enhanced energy efficiency. Despite this improvement, global electricity consumption rose by over five percent to 8,170 GWh in 2023, reflecting the challenges of balancing growth with sustainability. Notably, Equinix maintained its commitment to renewable energy, with 96 percent of its total electricity consumption coming from renewable sources. Competitive Landscape in Data Center Equipment While Equinix focuses on providing data center infrastructure, the equipment within these facilities plays a crucial role in their performance. A 2023 survey revealed that Dell EMC was the leading manufacturer for both data center storage and server equipment among U.S. and European organizations. Hewlett Packard Enterprise (HPE) secured the second position in both categories, highlighting the competitive nature of the data center equipment market. This information underscores the importance of partnerships between data center operators like Equinix and equipment manufacturers to meet evolving customer needs.
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 389284661.8(USD Billion) |
MARKET SIZE 2024 | 415483519.54(USD Billion) |
MARKET SIZE 2032 | 700000000.0(USD Billion) |
SEGMENTS COVERED | Technology ,Power Capacity ,Application ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | 1 Increasing demand for grid stability 2 Growing renewable energy integration 3 Government incentives and regulations 4 Technological advancements 5 Cost reduction |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Beacon Power ,Calnetix Technologies ,Energy Storage Systems Inc. ,Flybrid ,General Electric ,Hitachi ,LG Chem ,Momentum Technologies ,Nedstack ,Power-Gen Systems ,Punch Flybrid ,Siemens ,Statera Energy ,Stornetic |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | 1 Increasing Demand for Renewable Energy Sources 2 Growing Awareness of Energy Storage Systems 3 Government Incentives for Sustainable Energy 4 Advancement in Flywheel Technology 5 Rising Adoption in OffGrid and Microgrid Applications |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.73% (2024 - 2032) |
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The North America battery market is projected to reach a value of $12.40 million by 2033, expanding at a CAGR of 16.65% during the forecast period (2023-2033). The market growth is primarily driven by the increasing adoption of electric vehicles, the rising demand for batteries in industrial applications, and the growing popularity of consumer electronics. Additionally, government initiatives promoting the adoption of renewable energy sources and the development of energy storage systems are further fueling the market growth. The automotive segment accounted for the largest share of the market in 2023 due to the increasing production and sales of electric vehicles. The industrial segment is also expected to witness significant growth during the forecast period, driven by the increasing demand for batteries in uninterrupted power supply (UPS) systems and energy storage applications. The consumer electronics segment is also projected to grow at a steady pace due to the rising demand for smartphones, laptops, and other portable devices. The United States is the largest market for batteries in North America, followed by Canada and the Rest of North America. Key market players include BYD Co Ltd, Contemporary Amperex Technology Co Limited, Duracell Inc, EnerSys, Johnson Controls International PLC, LG Chem Ltd, Panasonic Corporation, Saft Groupe SA, Samsung SDI Co Ltd, Sony Corporation, and Tesla Inc. Recent developments include: August 2022: Honda Motor Company announced the development of a lithium-ion battery plant for electric vehicles in the United States with Korean battery supplier LG Energy Solution Ltd for a USD 4.4 billion investment. As part of the partnership, the companies aim to produce approximately 40 GWh of batteries annually for use exclusively in North America's Honda and Acura electric vehicles., May 2022: Stellantis N.V. and Samsung SDI announced the construction of an electric-vehicle lithium-ion battery manufacturing facility in Kokomo, Indiana, United States. It is anticipated that the plant will be operational in 2025, with an initial capacity of 23 GWh, with an aim to increase to 33 GWh in the next few years. The joint venture company is going to invest over USD 2.5 billion in the manufacturing plant.. Key drivers for this market are: 4., Declining Lithium-ion Battery Prices4.; Increasing Adoption of Electric Vehicles and Renewable Energy projects. Potential restraints include: 4., Declining Lithium-ion Battery Prices4.; Increasing Adoption of Electric Vehicles and Renewable Energy projects. Notable trends are: Automotive Application to Witness Significant Growth.
Google’s energy consumption has increased over the last few years, reaching 25.9 terawatt hours in 2023, up from 12.8 terawatt hours in 2019. The company has made efforts to make its data centers more efficient through customized high-performance servers, using smart temperature and lighting, advanced cooling techniques, and machine learning. Datacenters and energy Through its operations, Google pursues a more sustainable impact on the environment by creating efficient data centers that use less energy than the average, transitioning towards renewable energy, creating sustainable workplaces, and providing its users with the technological means towards a cleaner future for the future generations. Through its efficient data centers, Google has also managed to divert waste from its operations away from landfills. Reducing Google’s carbon footprint Google’s clean energy efforts is also related to their efforts to reduce their carbon footprint. Since their commitment to using 100 percent renewable energy, the company has met their targets largely through solar and wind energy power purchase agreements and buying renewable power from utilities. Google is one of the largest corporate purchasers of renewable energy in the world.
Over 40 terawatt hours of electricity were generated in Nigeria in 2023, up from around 35 terawatt hours in the previous year. Notable producing companies in the country include Egbin and Azura-Edo. Fossil fuels form a major part of the overall production. In 2023, 32.3 terawatt hours of electricity were from fossils. That year, gas and hydro sources accounted for the largest share of the fossil fuel power generation. Lack of electricity despite unceasing annual supply As of 2022, close to 61 percent of Nigeria's population had access to electricity. Since 2011, the population with electricity access has kept stable at around 50 to 60 percent. The absence of electricity is most visible among households in the North-East and North-Central zones, contrary to those in the South-East and South-South regions. Nonetheless, to ensure continuous electricity use, generating companies (DiSCos) in the country supply over 19,000 gigawatt hours of power every year on average, since 2021. For instance, in 2023, DisCos distributed approximately 24,000 gigawatt hours of electrical energy to the population. The country exports electricity Despite the high electricity demand in Nigeria, the country exports a proportion of the energy it produces to other countries. For instance, in 2019, electrical power exports to Benin and Niger reached around 1,300 gigawatt hours and one thousand gigawatt hours, respectively. Overall, Nigeria’s revenue from electricity exports amounted to approximately 156 million U.S. dollars in 2022.
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Electricity consumption in the United States totaled ***** terawatt-hours in 2023, one of the highest values in the period under consideration. Figures represent energy end use, which is the sum of retail sales and direct use of electricity by the producing entity. Electricity consumption in the U.S. is expected to continue increasing in the next decades. Which sectors consume the most electricity in the U.S.? Consumption has often been associated with economic growth. Nevertheless, technological improvements in efficiency and new appliance standards have led to a stabilizing of electricity consumption, despite the increased ubiquity of chargeable consumer electronics. Electricity consumption is highest in the residential sector, followed by the commercial sector. Equipment used for space heating and cooling account for some of the largest shares of residential electricity end use. Leading states in electricity use Industrial hub Texas is the leading electricity-consuming U.S. state. In 2022, the Southwestern state, which houses major refinery complexes and is also home to nearly ** million people, consumed over *** terawatt-hours. California and Florida trailed in second and third, each with an annual consumption of approximately *** terawatt-hours.