Energy consumption to rapidly grow 1.8% in 2024 driven by Asian demand | Asian Business Review

Energy consumption to rapidly grow 1.8% in 2024 driven by Asian demand

Asia’s energy demand will expand by 3.1% in 2024.

Energy demand is expected to get healthier as it reports an accelerated growth of 1.8% in 2024, up from 1.2% in 2023, an Economist Intelligence report showed.

“This will be supported by strong demand in Asia, where consumption is expected to expand by 3.1%, despite the clouds over China’s economic outlook,” read the statement.

For the rest of the world, the Middle East’s energy consumption will also be strong due to the warm climate, pushing demand for air conditioning.

“Energy demand in Europe, meanwhile, will record its third consecutive year of decline
as the region continues to battle against high energy prices and limited gas supply,” read the report. 

In North America and Latin America, meanwhile, growth will be marginal, where soft economic growth is expected. 

Join Asian Business Review 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!


Embracing technology and personalisation drives e-commerce in Indonesia
3 retail executives compare notes on rapid tech-driven growth of e-commerce at Retail Asia Forum.
Embracing hyperlocal retailing in Indonesia
Retail Asia Forum in Jakarta delved on the complexities of implementing hyperlocal retail strategies in a country as diverse as Indonesia.
PT ABC President Indonesia touts retail with personalised digital campaign
COO Dwi Hatmadji showcases successful Gen Z and millennial engagement strategy at Retail Asia Forum 2024