Asia’s power consumption to grow 3.5% annually in the next decade

The region has the world’s largest growing electricity demand, Fitch Solutions said.

Power consumption in Asia is expected to grow an average of 3.5% annually in the next 10 years, Fitch Solutions reported. 

Over this period, Fitch forecast that consumption will grow to 18,406 terawatt-hour in 2032 from 13,073TWh in end-2022. 

“Asia has the world's largest growing electricity demand, supported by strongly growing energy-intensive sectors following expanding economic activities and manufacturing bases,” the report read in part. 

Read more: China’s power consumption up 3.6% YoY in 2022

Fitch added that the total electricity consumption from Asian markets will account for more than 50% of the global consumption. 

This is largely driven by Mainland China and India, which will contribute around 69% and 17% of the 5,333TWh increase in electricity consumption in the region, respectively. 


Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


PLN Icon Plus provides bundling solutions to expand PV Rooftop services
The company utilised the PLN app, downloaded by 43 million users, to streamline installations and monitor energy consumption efficiently.  
Cambodia’s 18-year energy plan sets ambitious targets for renewables
To attain energy security, Cambodia will have to overcome investment challenges, cut wasteful consumption, and review pricing policies.