The United States' energy production reached an estimated 104.38 quadrillion British thermal units (Btu) in 2024, while consumption amounted to approximately 93.51 Btu. The country's energy production is projected to reach around 109 Btu by 2050.

By 2050, approximately ***** quadrillion British thermal units of renewable energy are expected to be consumed in the United States, more than double the estimated renewable energy consumed in the country in 2024. Renewables accounted for the largest share of power capacity additions in the U.S. in recent years.

In the United States, consumption of energy derived from fossil fuels came to approximately 77.4 quadrillion British thermal units in 2024.This represented a slight increase in comparison to the previous year. The peak in fossil fuel consumption was recorded in 2018, at 81.28 quadrillion British thermal units. Fossil fuel energies and their use today Fossil fuels are hydrocarbon-containing natural resources formed from the remains of dead plants or animals that have been subject to immense pressure from a buildup of layers over millions of years. There are three major forms of fossil fuels: coal, oil, and natural gas, which are sources of primary energy. The energy demand in the U.S. is largely covered by fossil fuels. In 2024, net electricity generation amounted to 4,304 terawatt hours. Natural gas is the most common fuel type used for electricity generation. Combined with the coal share, fossil fuels account for 76 percent of all power production in the country.Apart from natural gas and coal consumed within the power sector, oil is one of the main energy sources in the U.S. The liquid is predominantly used in the transportation sector as it is refined into petroleum products such as gasoline, diesel, and jet fuel. Oil and natural gas also serve as feed stocks in the petrochemical industry and are the building blocks for a variety of products such as plastics. Despite its prominent use since the Industrial Revolution, fossil fuels are finite resources and burning these fuels has severely impacted Earth's climate. Under the threat of climate change, the pollution caused by fossil fuels has put the whole industry under scrutiny. Burning any fossil fuel produces carbon dioxide, a greenhouse gas which contributes to global warming.

The United States consumed approximately 94.2 quadrillion British thermal units of primary energy in 2024. This was an increase in comparison to the previous year of roughly 0.6 quadrillion British thermal units. Primary energy refers to energy harvested directly from natural resources and includes both fossil fuels and renewable sources. U.S. has one of the highest energy consumptions in the world The U.S. has had a consistently strong demand for energy over the past two decades, ranking second among the largest primary energy consuming countries in the world, following China. As energy consumption has increased, so have energy efficiency and the use of renewable energy, causing a decrease in greenhouse gas emissions in the country. Energy market shifts Over the last few years, the fluctuations of the international fossil fuel market and President Trump's administration caused a shift in the country's energy policy, from a focus on renewable energies and green tech to fossil fuels. This led the U.S. to invest more in domestic shale oil and natural gas production than ever before.

Fossil fuel consumption in the United States amounted to 77.41 quadrillion British thermal units in 2024, a slight increase in comparison to the previous year. Renewables consumption has progressively increased within the period of consideration, reaching 8.6 quadrillion British thermal units that in 2024.

United States Biodiesel: Consumption: BTU data was reported at 12.004 BTU tn in Jan 2025. This records a decrease from the previous number of 20.197 BTU tn for Dec 2024. United States Biodiesel: Consumption: BTU data is updated monthly, averaging 11.684 BTU tn from Jan 2001 (Median) to Jan 2025, with 289 observations. The data reached an all-time high of 27.871 BTU tn in Aug 2016 and a record low of 0.064 BTU tn in Feb 2001. United States Biodiesel: Consumption: BTU data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB037: Biodiesel Production, Sales and Stocks.

In 2024, roughly ***** trillion British thermal units of energy derived from wind were consumed in the United States, up from ***** trillion British thermal units consumed in the previous year. In the period under consideration, wind energy consumption presented a trend of growth.

The electric power sector is the greatest consumer of primary energy in the United States, ahead of the transportation sector. In 2024, power utilities used almost 33 quadrillion British thermal units of primary energy, an increase compared to the previous year. Meanwhile, the transportation sector used 28 quadrillion British thermal units worth of primary energy, such as oil used for motor fuels.

Renewable energy production in the United States reached an all-time high of 8,788 trillion British thermal units in 2024. Consumption followed closely behind at 8,581 trillion British thermal units. U.S. investment in clean energy The United States' investment in renewables has greatly increased in the past two decades. Clean energy in the United States currently comes primarily from wind, solar, and hydropower, with significant contributions from biofuel and biomass - also known as biopower. Investments are motivated not only by environmental concerns, but also by unstable markets for traditional fossil fuels. Crisis in oil markets When oil prices peaked during the 2008 financial crisis, investors turned toward developing renewables as well as increasing domestic oil production as a more economically viable source. During the 2010s oil glut, oversupply of shale oil followed the expansion of extraction methods such as hydraulic fracturing, used to access the country’s large reserves of sandstone deep underground.

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Vacuum Insulated Piping Market Size 2024-2028

The vacuum insulated piping market size is forecast to increase by USD 234.2 billion at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth due to the increasing global demand for LNG and the expansion of the rapid surface chilling process in the poultry industry. Standard type vacuum insulated pipes are commonly used in LNG applications, while custom-built types are preferred in the poultry industry. However, the market faces challenges such as limited awareness and uncertainties associated with crude oil prices. Emerging economies, particularly in Asia Pacific, are expected to drive market growth due to their increasing energy demands and infrastructure development. Vacuum insulated piping offers energy efficiency and cost savings, making it an attractive solution for various industries.

What will be the Size of the Market During the Forecast Period?

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The market is witnessing significant growth due to the increasing demand for energy efficiency and temperature control in various industries. This market caters to the needs of sectors such as oil and gas, liquefied natural gas (LNG), pharmaceutical, food and beverage industry, and petrochemical industries. In cold regions, the demand for vacuum insulated pipes is high due to their ability to maintain low temperatures and prevent heat loss. These pipes are essential for transporting liquefied gases and cryogenic fluids. The energy sector is another major consumer of vacuum insulated piping, as these pipes help in reducing energy consumption and improving overall system efficiency. The adoption of vacuum insulated piping is driven by several factors. The need for energy efficiency and temperature control is a significant factor. Additionally, the growing trend of automation and predictive analytics in industries is leading to increased demand for these pipes.

However, the high initial investment required for vacuum insulated piping systems is a limiting factor for their widespread adoption. The lack of awareness about the benefits of these pipes, particularly in emerging economies, is another challenge. The market can be segmented into standard type vacuum insulated pipes and custom-built type vacuum insulated pipes. Standard type vacuum insulated pipes are mass-produced and offer cost-effectiveness, while custom-built type vacuum insulated pipes are tailor-made to meet specific requirements. The market for vacuum insulated piping is expected to grow steadily in the coming years.

Further, the increasing demand for energy efficiency and temperature control in various industries, coupled with the growing trend of automation and predictive analytics, will drive the growth of this market. In conclusion, the market is an essential component of various industries, including oil and gas, LNG, pharmaceutical, food and beverage, and petrochemical industries. The market is driven by the need for energy efficiency and temperature control, and the trend of automation and predictive analytics. Despite the high initial investment, the market is expected to grow steadily due to its numerous benefits.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  LNG transportation and distribution
  Food and beverage packaging and freezing
  Aerospace
  Electronic manufacturing and testing
  Others


Geography

  APAC

    China
    India
    Japan


  North America

    US


  Europe

    UK


  South America



  Middle East and Africa

By Application Insights

The LNG transportation and distribution segment is estimated to witness significant growth during the forecast period. According to Environmental Impact Assessments, global energy consumption is projected to increase from 575 quadrillion British thermal units (BTU) in 2015 to 736 quadrillion Btu by 2040, representing a 28% rise. This growth in energy demand will necessitate the expansion of power generation facilities. Given the escalating climate concerns, there is a growing emphasis on sustainable energy sources. However, non-fossil fuels are anticipated to witness a faster growth rate than fossil fuels, while fossil fuels are expected to account for 77% of the total energy consumption in 2040, as per the Energy Information Administration. The Vacuum Insulated Piping (VIP) market is poised to benefit significantly from this energy transition.

VIP systems are increasingly being adopted for transporting gases and liquids in various industries, including oil and gas, power generation, and chemicals, due to their energy efficiency and ability to maintain low temperatures. Major players in the VIP market include companies such a

In 1999, North America's coal production volume came to 25.28 exajoules. By 2024, it decreased to 11.88 exajoules. North America's role in global coal energy Coal production has decreased in North America in recent years. In 2000, the continent as a whole produced 24.65 exajoules of coal and had reduced production some 53 percent by 2024. However, globally, there has been a significant increase in coal production, from 96.5 exajoules in 2000 to 182.23 exajoules in 2024. This global increase is largely due to the coal production and energy consumption in China. The country accounts for almost half of both the world’s production and consumption of this fossil fuel. China’s coal production has more than doubled, from 29.6 exajoules in 2000 to 94.48 exajoules in 2024. North American coal consumption and environmental backlash The consumption of coal in the United States decreased to 7.89 quadrillion British thermal units (Btu) in 2024. The United States consumed almost 18 quadrillion Btu of coal in 2014 and 2.47 quadrillion Btu from conventional hydroelectric energy. Coal companies face competition from the growing renewable energy industries and increasing demands for cleaner energy from consumers. In Canada, the province of Ontario had shut down all of its coal-generated plants as of April 2014, the first jurisdiction in North America to do so.

United States' electricity producers paid about 2.75 U.S. dollars per million British thermal unit for natural gas in 2024. Meanwhile, coal power plant operators paid an average of 2.48 U.S. dollars. In the last decade, the price of natural gas used for electricity generation has seen a net decrease, followed by a considerable rise in 2022. Coal, on the other hand, has consistently been among the cheapest fuel types used in the power sector. Natural gas prices and the influence of oil demand As it is often produced alongside oil, prices for natural gas are shaped by overall market developments of the oil and gas industry. When an overproduction of oil led to the oil glut between 2015 and 2016, natural gas prices fell notably. The same circumstance could be observed in 2020 when a fall in oil demand brought many benchmarks such as WTI and Brent to historic lows and also resulted in the Henry Hub price falling to a 21-year low. Apart from petroleum, which is an expensive and inefficient means of power production, fossil fuel costs for electricity generation have declined since 2022. Shift away from conventional energy sources Although renewable technologies were once thought to be very expensive, greater investments have quickly rendered their levelized cost of energy generation on par with fossil fuels, especially when deployed on a utility-scale. The aging coal fleet is a prime example of the increasing necessity to switch to carbon neutral technologies. Older coal plants are dealing with increasing maintenance costs as well as environmental regulations forcing the installation of pollution controls.