WEMO 2025 (complet) - Flipbook - Page 5
W E M O 202 5
O U T LO O K
2024 Market Outlook
FIGURE 1
EU Electricity Consumption ( 2017 - 2024 )
Global energy consumption grew:
2950
Surge in global energy consumption Global energy
consumption in 2024 rose by 2.2%, driven largely by a 4.3%
surge in electricity demand. This growth outpaced the 2%
increase in 2023. Emerging and developing economies
accounted for over 80% of the 2024 electricity demand
increase, with extreme weather, such as heatwaves
in China and India, adding 0.3 percentage points to
demand growth. Advanced economies saw a rebound in
electricity consumption with nearly 1% demand growth
reversing a 2% decline in 2023, led by the United States
(+1.7%) and the European Union, which grew for the
昀椀rst time since 20213,4 but is still lower than in 2017.
2850
2800
2750
2700
2650
2018
2019
2020
2021
Year
1 https://www.iea.org/reports/global-energy-review-2025
2 https://www.iea.org/news/growth-in-global-energy-demand-surged-in-2024-to-almost-twiceits-recent-average
3 https://www.iea.org/reports/electricity-2025/demand
4https://ember-energy.org/latest-insights/european-electricity-review-2024/
eu-electricity-trends/#electricity-generation
2022
2023
2024
WEMO 2025
2017
4
China’s energy demand growth slowed to under
3% from 6.6% in 2023, reflecting a post- Covid
normalization, yet it remained a major driver.
Renewables led the supply growth in global
energy supply at 38%, followed by natural gas
(28%), coal (15%), oil (11%), and nuclear (8%).
Energy-related CO2 emissions rose by 0.8% to 37.8
billion tonnes, slower than the 1.2% increase in 2023,
mitigated by clean energy deployment avoiding 2.6 billion
tonnes annually.
2900
EU Electricity Consumption (TWh)
•
1,2
