, predicts GlobalData, a London-based data provider. During the last decade, electricity consumption fell by 9%, to 127.3 terawatts, GlobalData says. Looking ahead, Pavan Vyakaranam, a GlobalData executive, cited several factors for the big drop in the 2020s: “One of the most prominent is its declining population. A slowdown in the commercial and industrial sectors will continue to impact demand in future.”