In 2017, the industrial sector demanded the highest amount of energy worldwide in 2017, reaching some 213 quadrillion British thermal units. A projection for 2040 indicates that by this year, the electricity generation sector will demand the highest amount of energy, with around 277 quadrillion British thermal units.

Industrial activities, transportation, and buildings (including residential and commercial sector) each accounted for approximately 120 exajoules of energy consumed in 2022. The industrial sector had the largest final energy consumption that year.

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In 2022, the industrial sector accounted for the largest energy consumption worldwide, at 210 exajoules out of a total final energy consumption of 490 exajoules. Energy consumption is forecast to increase across all sectors in the current trajectory scenario by 2050, except for the transportation final energy consumption, which is projected to record a slight decline.

The global industrial sector uses more natural gas than any other type of fuel, consuming nearly 64 quadrillion British thermal units in 2022. The use of renewables is expected to almost double between 2022 and 2050, as the levelized cost for renewable energy technologies, such as wind and solar power, decreases. Global energy consumption outlook Global consumption of energy for industrial purposes is predicted to reach over 336 quadrillion British thermal units in 2050. Rising demand follows a trend of rising projected global energy consumption across all sectors until at least 2045. Despite the relative increase in renewable energy, it is expected that the overall demand for fossil fuels will continue growing. Gas will dominate the global industrial energy consumption over the next few decades. U.S. energy use by sector Since the 1970s, the industrial sector has been the largest consumer of energy in the United States. Transportation and commercial consumption have recorded the largest increase over the past 50 years, with consumption by the commercial sector nearly doubling since 1975. Primary energy consumption from fossil fuel sources in the U.S. is highest in the transportation sector.

This table contains figures on the supply and consumption of energy broken down by sector and by energy commodity. The energy supply is equal to the indigenous production of energy plus the receipts minus the deliveries of energy plus the stock changes. Consumption of energy is equal to the sum of own use, distribution losses, final energy consumption, non-energy use and the total net energy transformation. For each sector, the supply of energy is equal to the consumption of energy.

For some energy commodities, the total of the observed domestic deliveries is not exactly equal to the sum of the observed domestic receipts. For these energy commodities, a statistical difference arises that can not be attributed to a sector.

The breakdown into sectors follows mainly the classification as is customary in international energy statistics. This classification is based on functions of various sectors in the energy system and for several break downs on the international Standard Industrial Classification (SIC). There are two main sectors: the energy sector (companies with main activity indigenous production or transformation of energy) and energy consumers (other companies, vehicles and dwellings). In addition to a breakdown by sector, there is also a breakdown by energy commodity, such as coal, various petroleum products, natural gas, renewable energy, electricity and heat and other energy commodities like non renewable waste.

The definitions used in this table are exactly in line with the definitions in the Energy Balance table; supply, transformation and consumption. That table does not contain a breakdown by sector (excluding final energy consumption), but it does provide information about imports, exports and bunkering and also provides more detail about the energy commodities.

Data available: From: 1990.

Status of the figures: Figures up to and including 2022 are definite. Figures for 2023 are revised provisional.

Changes as of November 15th 2024: The structure of the table has been adjusted. The adjustment concerns the division into sectors, with the aluminum industry now being distinguished separately within the non-ferrous metal sector. This table has also been revised for 2015 to 2021 as a result of new methods that have also been applied for 2022 and 2023. This concerns the following components: final energy consumption of LPG, distribution of final energy consumption of motor gasoline, sector classification of gas oil/diesel within the services and transfer of energy consumption of the nuclear industry from industry to the energy sector. The natural gas consumption of the wood and wood products industry has also been improved so that it is more comparable over time. This concerns changes of a maximum of a few PJ.

Changes as of June 7th 2024: Revised provisional figures of 2023 have been added.

Changes as of April 26th of 2024 The energy balance has been revised for 2015 and later on a limited number of points. The most important is the following: 1. For solid biomass and municipal waste, the most recent data have been included. Furthermore data were affected by integration with figures for a new, yet to be published StatLine table on the supply of solid biomass. As a result, there are some changes in receipts of energy, deliveries of energy and indigenous production of biomass of a maximum of a few PJ. 2. In the case of natural gas, an improvement has been made in the processing of data for stored LNG, which causes a shift between stock changes, receipts of energy and deliveries of energy of a maximum of a few PJ.

Changes as of March 25th of 2024: The energy balance has been revised and restructured. This concerns mainly the following: 1. Different way of dealing with biofuels that have been mixed with fossil fuels 2. A breakdown of the natural gas balance of agriculture into greenhouse horticulture and other agriculture. 3. Final consumption of electricity in services

1. Blended biofuels Previously, biofuels mixed with fossil fuels were counted as petroleum crude and products. In the new energy balance, blended biofuels count for renewable energy and petroleum crude and products and the underlying products (such as gasoline, diesel and kerosene) only count the fossil part of mixtures of fossil and biogenic fuels. To make this clear, the names of the energy commodities have been changed. The consequence of this adjustment is that part of the energy has been moved from petroleum to renewable. The energy balance remains the same for total energy commodities. The aim of this adjustment is to make the increasing role of blended biofuels in the Energy Balance visible and to better align with the Energy Balances published by Eurostat and the International Energy Agency. Within renewable energy, biomass, liquid biomass is now a separate energy commodity. This concerns both pure and blended biofuels.

2. Greenhouse horticulture separately The energy consumption of agriculture in the Netherlands largely takes place in greenhouse horticulture. There is therefore a lot of attention for this sector and the need for separate data on energy consumption in greenhouse horticulture. To meet this need, the agriculture sector has been divided into two subsectors: Greenhouse horticulture and other agriculture. For the time being, we only publish separate natural gas figures for greenhouse horticulture.

3. Higher final consumption of electricity in services in 2021 and 2022. The way in which electric road transport is treated has improved, resulting in an increase in the supply and final consumption of electricity in services by more than 2 PJ in 2021 and 2022. This also works through the supply of electricity in sector H (Transport and storage).

Changes as of November 14th 2023: Figures for 2021 and 2022 haven been adjusted. Figures for the Energy Balance for 2015 to 2020 have been revised regarding the following items: - For 2109 and 2020 final consumption of heat in agriculture is a few PJ lower and for services a few PJ higher. This is the result of improved interpretation of available data in supply of heat to agriculture. - During the production of geothermal heat by agriculture natural gas is produced as by-product. Now this is included in the energy balance. The amount increased from 0,2 PJ in 2015 to 0,7 PJ in 2020. - There are some improvements in the data for heat in industry with a magnitude of about 1 PJ or smaller. - There some other improvements, also about 1 PJ or smaller.

Changes as of June 15th 2023: Revised provisional figures of 2022 have been added.

Changes as of December 15th 2022: Figures for 1990 up to and including 2019 have been revised. The revision mainly concerns the consumption of gas- and diesel oil and energy commodities higher in the classification (total petroleum products, total crude and petroleum produtcs and total energy commodities). The revision is twofold: - New data for the consumption of diesel oil in mobile machine have been incorporated. Consequently, the final energy consumption of gas- and diesel oil in construction, services and agriculture increases. The biggest change is in construction (+10 PJ from 1990-2015, decreasing to 1 PJ in 2019. In agriculture the change is about 0.5-1.5 PJ from 2010 onwards and for services the change is between 0 and 3 PJ for the whole period. - The method for dealing with the statistical difference has been adapted. Earlier from 2013 onwards a difference of about 3 percent was assumed, matching old data (up to and including 2012) on final consumption of diesel for road transport based on the dedicated tax specifically for road that existed until 2012. In the new method the statistical difference is eliminated from 2015 onwards. Final consumption of road transport is calculated as the remainder of total supply to the market of diesel minus deliveries to users other than road transport. The first and second item affect both final consumption of road transport that decreases consequently about 5 percent from 2015 onwards. Before the adaption of the tax system for gas- and diesel oil in 2013 the statistical difference was positive (more supply than consumption). With the new data for mobile machines total consumption has been increased and the statistical difference has been reduced and is even negative for a few years.

Changes as of 1 March 2022: Figures for 1990 up to and including 2020 have been revised. The most important change is a different way of presenting own use of electricity of power-generating installations. Previously, this was regarded as electricity and CHP transformation input. From now on, this is seen as own use, as is customary in international energy statistics. As a result, the input and net energy transformation decrease and own use increases, on average about 15 PJ per year. Final consumers also have power generating installations. That's why final consumers now also have own use, previously this was not so. In the previous revision of 2021, the new sector blast furnaces was introduced for the years 2015 up to and including 2020, which describes the transformation of coke oven coke and coking coal into blast furnace gas that takes place in the production of pig iron from iron ore. This activity was previously part of the steel industry. With this revision, the change has been put back to 1990.

When will new figures be published? Revised provisional figures: June/July of the following year. Definite figures: December of the second following year.

According to Cognitive Market Research, the global Electricity Generation market size will be USD 2154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 861.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 646.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 495.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 107.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 43.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Thermal Generation is the market leader in the Electricity Generation industry

Market Dynamics of Electricity Generation Market

Key Drivers for Electricity Generation Market

Rising need for cooling boosts the electricity generation market

The increased demand for cooling is projected to drive the electricity generating market in the future years. Cooling is the process of lowering the temperature of an object or environment, which is usually accomplished by transporting heat away from the intended location, typically utilizing air or a cooling medium. Power generation can be utilized to cool by running air conditioning (AC) and fans to keep indoor temperatures comfortable. For instance, According to the International Energy Agency, an autonomous intergovernmental body located in France, in July 2023, more than 90% of households in the United States and Japan had an air conditioner. Cooling accounts for around 10% of global electricity use. In warmer countries, this might result in a more than 50% increase in power demand during the summer months. As a result, increased demand for cooling is likely to drive expansion in the power generating industry.

Increasing applications of electricity in the transportation industry

The growing use of energy in the transportation industry is predicted to increase demand for electricity, hence pushing the power generation market. The electrification of railways in underdeveloped and developing countries, the establishment of public transportation networks such as rapid metro transit systems, and the growing use of electric vehicles in developed countries will all create significant market opportunities for power generation companies. For instance, in order to achieve net-zero carbon emissions, the Office of Rail and Road (ORR) predicts that 13,000 track kilometers - or roughly 450 km per year - of track in the UK will need to be electrified by 2050, with 179 km electrified between 2020 and 2021. According to the Edison Electric Institute (EEl), yearly electric car sales in the United States are estimated to exceed 1.2 million by 2025. Electric vehicles are projected to account for 9% of worldwide electricity demand by 2050.

Restraint Factor for the Electricity Generation Market

High initial capital investment for renewable projects

The high initial capital for renewable projects is indeed a limiting factor for the market growth of the electricity generation sector, as most such technologies, infrastructure, and installation depend on significant up-front funding. For instance, most renewable energy technologies are highly capital intensive-solar, and wind, in particular, scares investors away from taking action, especially if they are small or developing firms. There is thus an economic limitation that restricts competition and contributes toward slower development of cleaner energy solutions. Moreover, funding can be quite tricky and challenging-especially for a poor economic climate. The payback times attached to these investment options are long, leading to uncertainty and making stakeholders reluctant to commit. These financial constraints are, therefore, blighting the transition to renewable energy as well as, more broadly, the overall electricity generation market

Impact of Covid-19 on the E...

Global primary energy consumption has increased dramatically in recent years and is projected to continue to increase until 2045. Only hydropower and renewable energy consumption are expected to increase between 2045 and 2050 and reach 30 percent of the global energy consumption. Energy consumption by country The distribution of energy consumption globally is disproportionately high among some countries. China, the United States, and India were by far the largest consumers of primary energy globally. On a per capita basis, it was Qatar, Singapore, the United Arab Emirates, and Iceland to have the highest per capita energy consumption. Renewable energy consumption Over the last two decades, renewable energy consumption has increased to reach over 90 exajoules in 2023. Among all countries globally, China had the largest installed renewable energy capacity as of that year, followed by the United States.

The industrial sector accounts for the greatest final electricity consumption in the world. As of 2018, the industry is responsible for roughly 42 percent of total electricity consumption. By comparison, a little over one fourth of global power use was related to households.

According to Cognitive Market Research, the worldwide Energy Management Systems market will be USD 57.31 billion in 2024 and will expand at a compounded annual growth rate (CAGR) of 14.3% from 2024 to 2031. Market Dynamics of Energy Management Systems Market

Key Drivers for Energy Management Systems Market

Government initiatives to combat climate change and improve energy efficiency - Energy-efficient factories use less energy to make things, and power-efficient dwellings and structures use less energy for cooling, heating, and power appliances and electronics. Organizations are understanding the value of advertising their energy conservation measures as the Go Green movement gains traction. Establishing themselves as an environmentally conscious business gives them a competitive advantage by fostering consumer trust and community recognition. Leading international corporations are now deeply committed to sustainable energy and are concentrating on becoming environmentally friendly.
In the ensuing decades, digital technology will revolutionize the global energy system, bringing forth increased connectivity, dependability, and sustainability. Massive data sets, pervasive connectivity, and advances in AI are opening up new commercial opportunities and applications.

Key Restraints for Energy Management Systems Market

Every industry seeks to reduce its expenditures on consumption. Energy management systems are needed to track the energy usage of various machinery and plants. While implementing it may result in significant long-term cost and energy savings, significant upfront investments are necessary.
The main issue with energy efficiency is that small and medium-sized enterprises around the world are largely unaware of it. They are reluctant to spend money on energy-saving devices and need to be made aware of the advantages and policies that energy management systems can help them achieve.

Introduction of the Energy Management Systems Market

Power transmission system operation can be observed, evaluated, and optimized with the use of an EMS. Numerous sectors and EMS implementations use this system extensively. A surge in strategic investments to control energy usage has led to an increase in demand across public, commercial, residential, and industrial sectors of businesses. Regional governments all over the world have passed several rules and regulations to lower energy usage and raise public awareness of energy conservation. The EMS market is propelled forward by these laws and policies in sectors including the commercial, residential, and industrial ones. Governments in several nations are pursuing decarbonization, which entails many procedures. Many nations have implemented or are in the process of implementing energy consumption and carbon footprint reduction guidelines and rules in response to the sharp increase in carbon emission rates. Reducing carbon footprints at a reasonable cost can be achieved through efficient energy utilization.

United States US: Renewable Energy Consumption: % of Total Final Energy Consumption data was reported at 8.717 % in 2015. This records a decrease from the previous number of 8.754 % for 2014. United States US: Renewable Energy Consumption: % of Total Final Energy Consumption data is updated yearly, averaging 5.454 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 8.754 % in 2014 and a record low of 4.089 % in 1994. United States US: Renewable Energy Consumption: % of Total Final Energy Consumption data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Energy Production and Consumption. Renewable energy consumption is the share of renewables energy in total final energy consumption.; ; World Bank, Sustainable Energy for All (SE4ALL) database from the SE4ALL Global Tracking Framework led jointly by the World Bank, International Energy Agency, and the Energy Sector Management Assistance Program.; Weighted Average;

The Global Energy as a Service Market size was valued at around USD 70 billion in 2022 & is projected to grow at a CAGR of about 10.3% during the forecast period 2024-30. By Type,End Users - Industry Forecast

Global primary energy consumption reached around 620 exajoules in 2023. This represented an increase of roughly two percent in comparison to 2022. In 2020, the coronavirus pandemic and its impact on transportation fuel demand and the overall economic performance resulted in primary energy consumption declining to 2016 levels. Nevertheless, worldwide energy consumption is projected to increase over the next few decades. Most common types of fuel Oil is the main primary energy fuel in the world, followed by other fossil fuels such as coal and natural gas. Each of these three sources had consumption levels of more than 140 exajoules in 2023, while other fuel types were consumed considerably less. However, in recent years, renewables have become more frequently used as worldwide investment in clean energy has more than double since 2014. Energy industry performance Energy use rose consistently every year over the last two decades except for 2009 and 2020, following the global financial crisis and the aforementioned coronavirus pandemic. As fossil fuels remain the largest source of energy consumption, the prices of these commodities serve as an indicator of overall energy industry performance.

Kuwait KW: Renewable Energy Consumption: % of Total Final Energy Consumption data was reported at 0.000 % in 2015. This stayed constant from the previous number of 0.000 % for 2014. Kuwait KW: Renewable Energy Consumption: % of Total Final Energy Consumption data is updated yearly, averaging 0.000 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 0.354 % in 1991 and a record low of 0.000 % in 2015. Kuwait KW: Renewable Energy Consumption: % of Total Final Energy Consumption data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Kuwait – Table KW.World Bank: Energy Production and Consumption. Renewable energy consumption is the share of renewables energy in total final energy consumption.; ; World Bank, Sustainable Energy for All (SE4ALL) database from the SE4ALL Global Tracking Framework led jointly by the World Bank, International Energy Agency, and the Energy Sector Management Assistance Program.; Weighted average;

Global Integrated Energy Model is a comprehensive energy demand model, covering long-term energy demand outlook at the country, sector and fuel levels.

The global power market, valued at approximately $XX million in 2025, is projected to experience a Compound Annual Growth Rate (CAGR) of 2.51% from 2025 to 2033. This growth is driven by several key factors, including the increasing global energy demand fueled by population growth and industrialization, particularly in developing economies across Asia and Africa. Furthermore, the ongoing transition towards renewable energy sources, such as solar and wind power, is significantly impacting market dynamics. Government policies promoting clean energy and stringent environmental regulations are accelerating the adoption of sustainable power generation technologies. However, the market faces certain restraints, including the high initial investment costs associated with renewable energy infrastructure and the intermittency challenges inherent in solar and wind power. Effective grid management and energy storage solutions are crucial to mitigate these challenges and ensure a stable and reliable power supply. The market is segmented by type (e.g., renewable, fossil fuels, nuclear) and application (e.g., residential, commercial, industrial), with significant growth anticipated in renewable energy segments across various applications. Competitive dynamics are shaped by the strategies employed by major players like Acciona SA, ACWA Power International, and Shell plc, encompassing mergers and acquisitions, technological innovation, and geographic expansion. The competitive landscape is characterized by a mix of established players and emerging companies vying for market share. Leading companies are focusing on diversifying their portfolios, leveraging technological advancements to improve efficiency and reduce costs, and forging strategic partnerships to expand their reach. Consumer engagement is increasingly important, with companies emphasizing transparent communication regarding sustainability initiatives and providing consumers with options to choose renewable energy sources. Regional variations exist, with North America and Europe representing mature markets, while regions like Asia-Pacific and the Middle East & Africa exhibit substantial growth potential driven by rapid economic development and infrastructure investments. The forecast period of 2025-2033 suggests continued growth driven by the factors mentioned above, albeit at a moderated pace due to potential economic fluctuations and technological advancements that may influence future energy consumption patterns. This detailed analysis provides a comprehensive overview of the power market, offering valuable insights for stakeholders and investors.

Iran IR: Renewable Energy Consumption: % of Total Final Energy Consumption data was reported at 0.913 % in 2015. This records a decrease from the previous number of 0.939 % for 2014. Iran IR: Renewable Energy Consumption: % of Total Final Energy Consumption data is updated yearly, averaging 0.926 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 1.528 % in 1993 and a record low of 0.438 % in 2000. Iran IR: Renewable Energy Consumption: % of Total Final Energy Consumption data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iran – Table IR.World Bank: Energy Production and Consumption. Renewable energy consumption is the share of renewables energy in total final energy consumption.; ; World Bank, Sustainable Energy for All (SE4ALL) database from the SE4ALL Global Tracking Framework led jointly by the World Bank, International Energy Agency, and the Energy Sector Management Assistance Program.; Weighted Average;

Brazil Energy: Consumption: Industry: Electricity data was reported at 19,304.328 TOE th in 2023. This records an increase from the previous number of 18,810.923 TOE th for 2022. Brazil Energy: Consumption: Industry: Electricity data is updated yearly, averaging 11,406.868 TOE th from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 19,304.328 TOE th in 2023 and a record low of 1,680.010 TOE th in 1970. Brazil Energy: Consumption: Industry: Electricity data remains active status in CEIC and is reported by Ministry of Mining and Energy. The data is categorized under Global Database’s Brazil – Table BR.RBC010: Energy Consumption: by Sector: Industry: All.

Brazil Energy: Consumption: Energetic: Sector data was reported at 24,886.243 TOE th in 2023. This records an increase from the previous number of 23,450.148 TOE th for 2022. Brazil Energy: Consumption: Energetic: Sector data is updated yearly, averaging 13,385.338 TOE th from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 27,718.102 TOE th in 2019 and a record low of 1,551.498 TOE th in 1970. Brazil Energy: Consumption: Energetic: Sector data remains active status in CEIC and is reported by Ministry of Mining and Energy. The data is categorized under Global Database’s Brazil – Table BR.RBC002: Energy Consumption: by Sector.

Taiwan Electricity Consumption: Energy Sector Own Use data was reported at 1,739.705 kWh mn in Sep 2018. This records a decrease from the previous number of 1,841.196 kWh mn for Aug 2018. Taiwan Electricity Consumption: Energy Sector Own Use data is updated monthly, averaging 1,595.664 kWh mn from Jan 2008 (Median) to Sep 2018, with 129 observations. The data reached an all-time high of 1,859.896 kWh mn in Aug 2017 and a record low of 1,253.538 kWh mn in Feb 2016. Taiwan Electricity Consumption: Energy Sector Own Use data remains active status in CEIC and is reported by Bureau of Energy, Ministry of Economic Affairs. The data is categorized under Global Database’s Taiwan – Table TW.RB005: Energy Consumption: Electricity: Bureau of Energy, Ministry of Economic Affairs.