Global electricity demand in 2040 | Estasta (2023)

Benefit from additional functions in your personal account

You are using a shared account. To use personal features (e.g. bookmarking statistics, setting statistics notifications), log in with your personal account. If you are an administrator, log in again to authenticate.



What is the demand for electricity in 2040? ›

By 2040, it is expected that global electricity demand will reach around 35.3 petawatt hours.

What is expected to happen to global energy consumption by 2040? ›

EIA projects world energy consumption will increase 56% by 2040. Source: U.S. Energy Information Administration, International Energy Outlook 2013.

Is the demand for energy predicted to double in year 2040? ›

Demand Growth: Energy demand between 2012 and 2040 is expected to grow by nearly half worldwide. EIA expects developed country demand will rise a not insignificant 18% while developing country demand jumps 71%, with Indian, Southeast Asian, and African demand more than doubling (see the nearby chart).

What percentage of energy will be renewable by 2040? ›

In the Stated Policies Scenario, nearly 8 500 GW of new power capacity is added globally by 2040, of which two-thirds is renewables.

What will be in demand in 2040? ›

10 Future Jobs of 2040
  • Artificial Intelligence Ethicist. As our society evolves, so will the role of artificial intelligence in our day-to-day. ...
  • Artificial Intelligence Psychologists. ...
  • Data Detectives. ...
  • Environmental Engineer. ...
  • Extinct Species Revivalist. ...
  • Metaverse Architects. ...
  • Space Pilot. ...
  • Specialist in Renewable Energies.

What will be the top energy source in 2040? ›

In the Stated Policies Scenario, oil will be the largest energy source in 2040, making up about 28% of the global energy mix — and natural gas will be right behind it, for 25% of supply.

Will we have enough electricity for our future needs? ›

California needs three times more power capacity to reach 100% clean energy by 2045. An initial analysis suggests the goal is technically feasible but only with a sustained high pace of construction: 6 GW annually for the next 25 years.

Is electricity demand increasing? ›

Residential and commercial buildings

Buildings energy demand is projected to rise by around 15% through 2050. Led by the growing economies of developing nations, average worldwide household electricity use will rise about 75% between 2021 and 2050.

What is the future global energy demand? ›

Global electricity demand is projected to grow between 62 and 185 percent by 2050 compared with 2021 levels. The share of fossil fuels in the electricity mix declines from 59 percent in 2021 to 2–55 percent by 2050, but in some Reference scenarios, the aggregate level of fossil fuels used for power generation grows.

What is the outlook for energy a perspective to 2040? ›

In 2040, oil and natural gas will likely be nearly 60 percent of global supplies, while nuclear and renewables will be approaching a 25 percent share. We can expect that new technologies will continue to create new energy options for our growing world.

How much more electricity will we need in 2050? ›

EIA projects that worldwide electricity generation will grow by 1.8% per year through 2050. EIA projects that total world electricity generation will reach nearly 45 trillion kilowatthours (kWh) by 2050, almost 20 trillion kWh more than the 2018 level.

What are the 2 main reasons why the world energy demand is expected to double by the year 2050? ›

Growth in the world's population and economy, coupled with rapid urbanisation, will result in a substantial increase in energy demand over the coming years. The United Nations (UN) estimates that the world's population will grow from 7.8 billion in 2020 to around 8.5 billion in 2030 and 9.7 billion by 2050.

Can the world reach a 100% renewable energy system by or before 2050? ›

Recent studies show that a global transition to 100% renewable energy across all sectors – power, heat, transport and desalination well before 2050 is feasible.

Which US state has proposed to commit to 100% renewable energy electricity? ›

Table of 100% Clean Energy States
StateThe GoalComments
2California100% carbon-free electricity by 2045
3Colorado100% carbon-free electricity by 2050 for Xcel Energy
4Connecticut100% carbon-free electricity by 2040
5District of Columbia100% renewable energy by 2032 through the RPS
20 more rows

Is 100% renewable possible by 2050? ›

By 2050, we could get all the energy we need from renewable sources. This report shows that such a transition is not only possible but also cost-effective, providing energy that is affordable for all and producing it in ways that can be sustained by the global economy and the planet.

What will be the demand of electricity by 2050? ›

Global demand reaches about 660 quadrillion Btu in 2050, up about 15% versus 2021, reflecting a growing population and rising prosperity. Residential and commercial primary energy demand declines by approximately 15% to 2050 as efficiency improvements offset the energy needs of a growing population.

What is the projected electricity consumption by 2050? ›

Our projections of residential consumption of purchased electricity increase between about 14% and 22% from 2022 to 2050 across all cases, reaching between 5.9 quads and 6.3 quads.

How much will energy demand increase by 2050? ›

EIA projects that total world electricity generation will reach nearly 45 trillion kilowatthours (kWh) by 2050, almost 20 trillion kWh more than the 2018 level.

What is the expected growth of electricity demand? ›

The global growth rate for energy consumption is set to slow to slightly less than 2% in 2023, down from 2.3% in 2022, which was also down from the five-year pre-COVID 19 average of 2.4%. For 2024, the rate is expected to rise to 3.3%, as the economic outlook improves, the IEA data showed.


Top Articles
Latest Posts
Article information

Author: Allyn Kozey

Last Updated: 05/24/2023

Views: 5997

Rating: 4.2 / 5 (63 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Allyn Kozey

Birthday: 1993-12-21

Address: Suite 454 40343 Larson Union, Port Melia, TX 16164

Phone: +2456904400762

Job: Investor Administrator

Hobby: Sketching, Puzzles, Pet, Mountaineering, Skydiving, Dowsing, Sports

Introduction: My name is Allyn Kozey, I am a outstanding, colorful, adventurous, encouraging, zealous, tender, helpful person who loves writing and wants to share my knowledge and understanding with you.