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Electricity demand is expected to surge by nearly 4 per cent annually through 2027, driven by industrial production, electrification, data center expansion, and air conditioning usage.
Emerging and developing economies, including China, India, Southeast Asia, and others, are expected to experience significant growth, according to International Energy Agency (IEA) .
Electricity 2025 analyses trends and policy developments as electrification accelerates globally. China's electricity consumption has been growing faster than its economy since 2020, while India's demand has increased due to heat waves.
Renewable power generation is expected to rise to nearly 27 per cent by 2027.
However, Africa faces challenges due to a lack of generation capacity, with nearly 600 million people in sub-Saharan Africa still lacking access.
Kenya is on track to achieve universal access to electricity by 2030, and ongoing projects in Senegal, such as a new substation in Touba, will ensure renewables meet over 40 per cent of demand growth until 2027.