Key Market Indicators
Oman's energy consumption is set to increase by 2.3% each year, on average, over the next 5 years, reaching 1.7 exajoules by 2026. Since 1972, it has grown by 4.4% annually. In 2021, Oman was number 48 in the global rankings, while Austria overtook it with 1.5 exajoules. The United States, India and Russia respectively held the second, third and fourth spots. Oman's energy supply is set to increase by 1.1% each year, on average, over the next 5 years, reaching 26 million tonnes of oil equivalent by 2026. Since 1976, it has decreased by 0.4% annually. In 2021, Oman was number 58 in the global rankings, while Belarus came ahead with 24 million tonnes of oil equivalent. The United States, India and Russia respectively held the second, third and fourth spots.
Oman Energy Market Data and Forecasts
How much will Oman Energy Market grow to 2026?
More in Energy Industry for 2028Improve your Knowledge with the latest Indicators and Trends
-
Dairy Industry: Unveiling Profound Trends in Milk Fat, Oil, and Cream Markets
The dairy industry's dynamics have evolved remarkably in the recent years, with significant changes observed in the market segments of milk fat and oil. Demand modification has been fueled by evolving consumer preferences, partially attributable to an augmenting health and wellness trend. These shifts are disrupting traditionally held notions about...
Discover more insights -
Dairy Industry Dynamics: Exploring Trends in Global Milk Fat and Oil Markets
Market dynamics in the production and sale of milk fat and oil components are influenced by various significant factors. Predominantly, changes in dietary behaviors, health awareness, demand for organic products, and cultural preferences shape consumption trends. Moreover, technological advancements in processing and distribution, which offer efficiency and extended product lifecycle,...
Discover more insights -
Chemical Sector: Future Dimensions and Evaluations of Global Coal Tar Markets
The coal tar market forms an integral part of the chemical sector with implications for various industrial applications. Future prospects indicate a steady growth trajectory primarily driven by demand from the construction and building industry, heavy metallurgy, and healthcare segments. However, the trade-off between coal tar’s industrial use and its...
Discover more insights -
Oil and Gas: Navigating Emerging Trends and Future Predictions in Utilities and SCADA
Utilities within the oil and gas industry are undergoing tremendous transformation due to various emerging trends. Technology advancements including artificial intelligence, machine learning and Big Data are reshaping the operations of this sector. Digitalisation is simplifying processes while improving efficiency and sustainability. Incorporation of renewable energy sources reduces reliance on...
Discover more insights -
Energy Industry: Decoding Emerging Trends, Opportunities and Global Market Dynamics
The energy sector is presently in a state of continual transformation. The ongoing shift towards renewable resources like wind, solar, and hydropower is perhaps the most notable trend. This transformation is not only due to environmental considerations, but also in response to potential cost savings and energy independence offered by...
Discover more insights