Electric Motors Consumed 53% of Global Electricity in 2023, IEA Data Shows
Electric motors drew 13,462 TWh of electricity in 2023, with motor-driven loads accounting for 72% of power use in industry and 87% in agriculture. Many still run at constant speed even when demand fluctuates, and researchers say demand-based speed control could cut motor electricity use by as much as 25%, trimming global consumption by about […]
IEA data shows electric motors consumed 13,462 TWh of electricity in 2023, representing 53% of global electricity use, with motor-driven loads at 72% of industrial power and 87% of agricultural power. Researchers note many motors run at constant speed regardless of demand, and demand-based speed control could cut motor electricity use by up to 25%. The story is an energy-efficiency explainer with no direct crypto market catalyst, so it is unlikely to move digital asset prices.
