Power demand in India, China to touch 40% in 2030
The combined share of electricity demand from India, China and Asean is expected to grow from 27.5 per cent in 2010 to 40.1 per cent in 2030. The traditionally developed countries will eventually lose ground in electricity demand to these emerging countries.
That’s not all. According to Frost & Sullivan, the growth of coal-fired generation is expected to fall massively during the subsequent decade, as developed countries decommission capacity and emerging nations become more diversified in their fuel mix.
“Rapid urbanisation and the creation of a middle class will drive electricity consumption in these emerging economies, as a wealthier population takes up electric appliances that are considered standard in the developed world,” the annual global power generation forecasts 2012 by Frost & Sullivan mentioned.