1. Market Research
  2. > Energy & Environment Market Trends
  3. > Energy

Energy Market: Complete Sector Overview

  • Currently 5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
7 votes

Global Energy Industry

The global market for energy consumption is forecast to grow almost 55% by 2035, according to the US Energy Information Administration’s International Energy Outlook 2011. The fastest rate of growth in energy consumption is represented by nations outside of the Organization for Economic Cooperation and Development (OECD) showing signs of economic growth: within the OECD, growth is expected to remain inferior to 20% and outside the OECD it is forecast to rise by 85%.

Factors impacting the global energy industry and its rate of growth include different rates of recovery from the worldwide 2008 recession, setbacks due to natural disasters and rising oil prices. Japan’s earthquake and tsunami crisis in March 2011 have had a knock-on effect on the use of nuclear power both in Japan and around the globe. Scarcity and political tension combined to drive oil prices higher in 2010, which have now hit $112 per barrel in early April 2011, marking a $40 per barrel rise in less than five months.

Leading Market Segments

World Energy Consumption *In Quadrillion Btu (1990-2035)

Oil Energy: Oil prices continue to climb thanks to slow growth in supply and rapid growth in emerging-market demand. With oil prices around the $100/bbl mark, strained energy budgets and governments wary of political issues that will potentially impact prices further, this segment of the global energy market remains especially volatile. In September 2011, oil prices from West Texas Intermediate (WTI) and Brent saw an increasing gap with the former at $86/bbl and the latter at $111/bbl, reports the International Energy Agency (IEA). Oil supply in countries outside the Organization of the Petroleum Exporting Countries (OPEC) was revised to 52.8 mb/d in 2011, increasing to 53.8 mb/d for 2012. Oil stocks within the OECD rose to almost 2688 mb in July 2011, but fell under the five-year average for the first time in over three years. Worldwide Gross Domestic Product growth is currently estimated at less than 4% in 2011 and 4.2% in 2012, with oil demand estimated at close to 89.5 mb/d in 2011 and almost 91 mb/d in 2012. Global refinery crude oil runs are believed to rise almost 2 mb/d in the third quarter of 2011 on the preceding quarter to over 75.5 mb/d, and are expected to fall only slightly in the fourth quarter.

Gas Energy: Around 20% of the world’s electricity is generated from gas, according to the IEA. Global gas markets have seen demand rebound to higher levels than before the global recession in most areas. US gas prices are around half those of Asia and the EU. The IEA reports demand for gas dropped 3% in 2009, representing the largest drop in three decades. There is huge demand disparity between different regions, with OECD country demand for gas falling almost 3.5% in 2009 to 1,495 billion cubic meters (bcm) whereas demand in China and India grew between 10% and 20%.

Nuclear Energy: The nuclear energy market is forecast to grow at a compound annual growth rate of more than 4.5% in the five-year period from 2010 to exceed $272 billion at the close fo 2015, according to MarketLine. In September 2011, there were almost 435 nuclear reactors for the generation of electricity in operation throughout 30 countries worldwide, with 65 new plants being built across less than 15 countries, reports the Nuclear Energy Institute. More than 13% of global electricity produced in 2010 came from nuclear power plants, with 15 countries meeting over 25% of their electricity demand with nuclear energy. France generated close to three quarters of its electricity from nuclear energy followed by Slovakia and Belgium at almost 52% and just over 51%, respectively. The Ukraine generated close to half its electricity from nuclear energy at 48%, and Hungary relied on nuclear for 42% of its electricity needs. Japan came in at less than 30% of its electricity, and around 27% for both Finland and Germany. The US was the world’s top nuclear generating country in 2010, producing close to 810 billion kilowatt hours (kWh), followed by France at almost 408 billion kWh. In third place was Japan at close to 280 billion kWh, followed by Russia, Korea and Germany, according to the International Atomic Energy Agency.

Renewable Energy: Renewable energy encompasses different markets including geothermal, wind, hydro, solar, and combustion of wood and waste. In 2010, revenue from the global renewable energy market was in excess of $322 billion, reports MarketLine, showing a compound annual growth rate of almost 6.5% in the four-year period to 2010. In the five following years, MarketLine forecasts higher growth of close to 8.5%, hitting almost $480 billion at the close of 2015.

Coal Energy: The IEA estimates the world’s coal reserves are adequate to last more than 120 years at today’s rate of production. Coal accounts for 40% of the world’s electricity and use is forecast to rise more than 60% by 2030 from 2006 figures. Developing countries are the heaviest consumers, believed to use 97% of the projected total. The main drawback of coal energy is its negative impact on the environment: coal accounts for 40% of CO2 released from energy generation and consumption. Carbon Capture Storage is being looked to in the global move to combat climate change.

World Industrial Sector Energy Consumption by Fuel, *In Quadrillion Btu (2008 and 2035)

Read more »

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 174 000 reports

Global Renewable Energy Industry

  • June 2016
    15 pages
  • Renewable Energ...  

    Renewable Energ...  

    Hydropower  

  • World  

View report >

Renewable Energy Industry Analysis in the US

  • June 2016
    10 pages
  • Photovoltaics  

    Solar Panel  

    Solar Power  

  • United States  

View report >

Energy Industry in Europe

  • June 2016
    12 pages
  • Energy  

  • Europe  

    World  

View report >

The future of the Energy Industry in Asia

  • June 2016
    31 pages
  • Energy  

  • Asia  

    World  

    Indonesia  

View report >

The future of the Energy Industry in Japan

  • June 2016
    12 pages
  • Biomass  

    Wood  

  • Japan  

    United Kingdom  

    Europe  

View report >

Renewable Energy Industry in France

  • May 2016
    12 pages
  • Renewable Energ...  

  • France  

    Europe  

View report >

Renewable Energy Industry in the Netherlands and Germany - Forecast

  • June 2016
    6 pages
  • Renewable Energ...  

  • Netherlands  

    Germany  

View report >

Energy Industry in Italy

  • June 2016
    9 pages
  • Energy  

  • Italy  

View report >

Energy Markets in the UK

  • June 2016
    20 pages
  • Energy  

    Roofing  

    Supermarket  

  • United Kingdom  

    Europe  

View report >

Energy Industry in Canada

  • June 2016
    7 pages
  • Energy  

  • Canada  

View report >


About 18 000 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 25 - $ 18 000)

Gas Equipment Market by Industrial Gas, Type, Process - Forecast to 2021

Gas Equipment Market by Industrial Gas, Type, Process - Forecast to 2021

  • $ 18 000
  • Industry report
  • April 2016
  • by MarketsandMarkets

The global industrial gas handling equipment market size will grow from USD 51.93 billion in 2016 to reach USD 72.22 billion by 2021, at a projected CAGR of 6.82%. Increasing demand for industrial gases ...

Hydraulic Turbine And Water Wheel Markets In The World ...

May 2016 $ 17 144

Opportunity In The Inverter Drives Market In India - 20 ...

April 2016 $ 12 000

Hydraulic Turbine And Water Wheel Markets In Europe To ...

May 2016 $ 10 494

Oil Sector And Business Plan For A 250,000 Bbls/day Ref ...

April 2016 $ 8 500

Mega Trends In Russia 

April 2016 $ 8 500

Future Of The Smart Grid Industry 

May 2016 $ 8 000

Global Oil And Gas Exploration Market Research Guide (h ...

May 2016 $ 8 000

Global Oil Storage Industry Outlook To 2020 - Capacity ...

April 2016 $ 8 000

Hydraulic Turbine And Water Wheel Markets In Asia To 20 ...

May 2016 $ 8 366

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.