Proof Point
Annual world energy consumption anticipated to grow to 18.6 billion tons of oil equivalent by 2040 from 11.3 billion tons of oil equivalent in 2006, an annual growth of 1.5%
Annual World Energy Consumption
2006 – 2040F (billion tons of oil equivalent (Gtoe))
Proof Point Findings
- Energy Consumption – Energy consumed from conventional (e.g. coal, oil, natural gas) and renewable resources (e.g. solar, wind, hydro)
- World Energy Consumption – Forecasted to increase 1.5% annually between 2006 and 2040, from 11.3 to 18.6 billion tons of oil equivalent
- Consumption Mix – Non-members of Organization for Economic Cooperation and Development (OECD) expected to increase consumption share from 58% in 2015 to 64% in 2040, with China and India driving consumption growth
- Key Growth Drivers – Include emerging markets' growing energy demand to support economic growth, expanding world population, increasing adoption of electronic devices, and increasing deployment of robots to automate industrial processes
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Accelerator |
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Sector |
Energy
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Source |
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Date Last Updated |
February 25, 2018
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