GITNUX REPORT 2024

Global Energy Industry Statistics: Growth Projections and Market Trends

Examining the Future: Key Global Energy Industry Stats Shape 2050 Outlook in Comprehensive Post.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

The global hydrogen market is projected to reach $201 billion by 2025.

Statistic 2

Biofuels production is expected to increase by 28% between 2021 and 2026.

Statistic 3

The global waste-to-energy market is expected to reach $50.1 billion by 2027.

Statistic 4

The global fuel cell market is projected to reach $33.1 billion by 2027.

Statistic 5

The global biogas market is projected to reach $31.69 billion by 2027.

Statistic 6

The global power-to-gas market is expected to reach $42.47 billion by 2026.

Statistic 7

The global green hydrogen market is projected to reach $9.8 billion by 2028.

Statistic 8

Global energy demand is projected to increase by 47% by 2050.

Statistic 9

The global electric vehicle market is projected to reach 26.8 million units by 2030.

Statistic 10

Global energy investment is expected to recover in 2021 and increase by 10% to $1.9 trillion.

Statistic 11

Global electricity demand is expected to grow by 4.5% in 2021.

Statistic 12

Global energy investment in power generation is expected to increase by 5% in 2021.

Statistic 13

Global energy investment in electricity networks is expected to increase by 3% in 2021.

Statistic 14

The global energy efficiency market is expected to reach $1.1 trillion by 2026.

Statistic 15

Carbon capture and storage capacity is expected to increase 100-fold by 2040.

Statistic 16

Energy-related CO2 emissions are projected to grow by 4.8% in 2021.

Statistic 17

The global energy management systems market is projected to reach $55.8 billion by 2025.

Statistic 18

Global energy intensity improved by 2% in 2020.

Statistic 19

Global energy-related CO2 emissions are projected to rebound and grow by 4.8% in 2021.

Statistic 20

The global energy harvesting system market is projected to reach $986 million by 2026.

Statistic 21

Global energy-related methane emissions are projected to increase by 5% in 2021.

Statistic 22

The global smart grid market size is expected to reach $92.97 billion by 2026.

Statistic 23

The global smart meter market is projected to reach $28.6 billion by 2025.

Statistic 24

The global microgrid market is projected to reach $47.4 billion by 2025.

Statistic 25

The global power transformer market is expected to reach $50.8 billion by 2027.

Statistic 26

The global power plant boiler market is projected to reach $22.8 billion by 2025.

Statistic 27

The global district heating market is projected to reach $204.7 billion by 2025.

Statistic 28

The global power rental market is projected to reach $14.5 billion by 2025.

Statistic 29

The global power distribution unit market is expected to reach $5.5 billion by 2025.

Statistic 30

The global power quality equipment market is expected to reach $46.1 billion by 2026.

Statistic 31

The global smart gas meter market is expected to reach $5.99 billion by 2026.

Statistic 32

The global power plant maintenance market is expected to reach $32.96 billion by 2027.

Statistic 33

The global power system simulator market is expected to reach $1.64 billion by 2025.

Statistic 34

The global virtual power plant market is expected to reach $2.85 billion by 2027.

Statistic 35

The global power rental market for oil and gas industry is expected to reach $1.7 billion by 2024.

Statistic 36

The global smart water meter market is expected to reach $3.5 billion by 2025.

Statistic 37

The global power monitoring market is expected to reach $5.5 billion by 2025.

Statistic 38

The global power electronics market is expected to reach $39.2 billion by 2025.

Statistic 39

The global gas turbine market is projected to reach $25.68 billion by 2027.

Statistic 40

The global power transmission towers and cables market is projected to reach $55.8 billion by 2026.

Statistic 41

The global energy storage market is expected to grow from $2.9 billion in 2020 to $12.1 billion by 2025.

Statistic 42

Oil remains the world's largest energy source, accounting for 31% of total energy consumption in 2019.

Statistic 43

China is the world's largest producer and consumer of coal, accounting for 50.5% of global coal consumption in 2020.

Statistic 44

Natural gas accounted for 24% of global electricity generation in 2020.

Statistic 45

Global oil demand is projected to recover to pre-pandemic levels by the end of 2022.

Statistic 46

Global natural gas demand is projected to grow by 3.6% in 2021.

Statistic 47

Global coal demand is projected to increase by 4.5% in 2021.

Statistic 48

The global nuclear power capacity is projected to grow by 2.5% annually through 2040.

Statistic 49

Nuclear power generated 10% of global electricity in 2020.

Statistic 50

Renewable energy sources accounted for 29% of global electricity generation in 2020.

Statistic 51

Solar PV capacity additions are forecast to reach 162 GW in 2022, a 13% increase from 2021.

Statistic 52

Wind power capacity is projected to grow by 17% annually between 2021 and 2026.

Statistic 53

Hydropower remains the largest renewable source of electricity, generating 16% of global electricity in 2020.

Statistic 54

Geothermal power capacity is expected to grow by 26% between 2020 and 2025.

Statistic 55

Offshore wind capacity is expected to increase 15-fold by 2040.

Statistic 56

The global smart solar market is expected to reach $5.5 billion by 2025.

Statistic 57

Tidal and wave energy capacity is expected to reach 2.9 GW by 2030.

Statistic 58

The global biomass power generation market is projected to reach $66.2 billion by 2027.

Statistic 59

The global concentrated solar power market is projected to reach $62.87 billion by 2026.

Statistic 60

The global offshore wind cable market is projected to reach $3.9 billion by 2027.

Statistic 61

The global floating solar panels market is projected to reach $2.7 billion by 2025.

Statistic 62

The global small wind power market is projected to reach $8.9 billion by 2026.

Statistic 63

Global renewable energy capacity additions are set to rise by 45% in 2021.

Statistic 64

The global offshore wind turbine market is expected to reach $68.9 billion by 2026.

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Summary

  • Global energy demand is projected to increase by 47% by 2050.
  • Renewable energy sources accounted for 29% of global electricity generation in 2020.
  • Oil remains the world's largest energy source, accounting for 31% of total energy consumption in 2019.
  • The global energy efficiency market is expected to reach $1.1 trillion by 2026.
  • China is the world's largest producer and consumer of coal, accounting for 50.5% of global coal consumption in 2020.
  • The global nuclear power capacity is projected to grow by 2.5% annually through 2040.
  • Solar PV capacity additions are forecast to reach 162 GW in 2022, a 13% increase from 2021.
  • Natural gas accounted for 24% of global electricity generation in 2020.
  • The global smart grid market size is expected to reach $92.97 billion by 2026.
  • Wind power capacity is projected to grow by 17% annually between 2021 and 2026.
  • The global energy storage market is expected to grow from $2.9 billion in 2020 to $12.1 billion by 2025.
  • Hydropower remains the largest renewable source of electricity, generating 16% of global electricity in 2020.
  • The global electric vehicle market is projected to reach 26.8 million units by 2030.
  • Carbon capture and storage capacity is expected to increase 100-fold by 2040.
  • The global hydrogen market is projected to reach $201 billion by 2025.

Buckle up, energy enthusiasts, because the world of power is about to get a whole lot more electrifying! From the booming rise of renewable energy sources to the staggering projections for oil, coal, and natural gas, its clear that the global energy industry is a hotbed of innovation and transformation. With stats like a 47% projected increase in energy demand, a $1.1 trillion energy efficiency market, and China reigning supreme in coal consumption, its time to plug in and power up for an electrifying ride through the latest industry trends. Get ready to delve into the high-voltage world of energy statistics that will shock and energize you in equal measure!

Alternative Fuels

  • The global hydrogen market is projected to reach $201 billion by 2025.
  • Biofuels production is expected to increase by 28% between 2021 and 2026.
  • The global waste-to-energy market is expected to reach $50.1 billion by 2027.
  • The global fuel cell market is projected to reach $33.1 billion by 2027.
  • The global biogas market is projected to reach $31.69 billion by 2027.
  • The global power-to-gas market is expected to reach $42.47 billion by 2026.
  • The global green hydrogen market is projected to reach $9.8 billion by 2028.

Interpretation

In a world scrambling to find sustainable energy sources, the global energy industry is ablaze with eye-popping figures and ambitious projections. With the hydrogen market set to balloon to $201 billion by 2025, biofuels gearing up for a 28% surge by 2026, and waste-to-energy, fuel cells, biogas, power-to-gas, and green hydrogen all vying for their slice of the multi-billion dollar pie, it's clear that green is the new gold in the fiercely competitive world of energy. Whether it's turning trash into treasure or harnessing the power of the elements, these figures reveal a planet desperately seeking a cleaner, greener energy future – one market projection at a time.

Energy Demand

  • Global energy demand is projected to increase by 47% by 2050.
  • The global electric vehicle market is projected to reach 26.8 million units by 2030.
  • Global energy investment is expected to recover in 2021 and increase by 10% to $1.9 trillion.
  • Global electricity demand is expected to grow by 4.5% in 2021.
  • Global energy investment in power generation is expected to increase by 5% in 2021.
  • Global energy investment in electricity networks is expected to increase by 3% in 2021.

Interpretation

As the world hurtles towards a future of increased energy demand and a boom in electric vehicles, one thing is clear: the global energy industry is revving up for a dynamic transformation. With investments set to surge and electricity demand on the rise, it seems we are all plugging into a future where power generation and networks will play key roles in shaping our energy landscape. So buckle up, folks, because it looks like the energy industry is gearing up for quite the electrifying ride!

Energy Efficiency

  • The global energy efficiency market is expected to reach $1.1 trillion by 2026.
  • Carbon capture and storage capacity is expected to increase 100-fold by 2040.
  • Energy-related CO2 emissions are projected to grow by 4.8% in 2021.
  • The global energy management systems market is projected to reach $55.8 billion by 2025.
  • Global energy intensity improved by 2% in 2020.
  • Global energy-related CO2 emissions are projected to rebound and grow by 4.8% in 2021.
  • The global energy harvesting system market is projected to reach $986 million by 2026.
  • Global energy-related methane emissions are projected to increase by 5% in 2021.

Interpretation

In the ever-evolving world of global energy, it seems we're on a rollercoaster ride of progress and setbacks. As the energy efficiency market gears up to hit the dazzling $1.1 trillion mark by 2026 and carbon capture and storage capacity gets set to skyrocket 100-fold by 2040, it's easy to feel optimistic. However, the looming dark clouds of a 4.8% growth in energy-related CO2 emissions in 2021 and a projected 5% increase in methane emissions remind us that our journey towards a cleaner and greener future is far from smooth sailing. With the energy management systems market looking to soar to $55.8 billion by 2025 and energy intensity showing a promising 2% improvement in 2020, it's clear that the battle for sustainable energy practices is a tale of two steps forward, one step back. So, buckle up as we navigate this turbulent yet hopeful landscape of global energy dynamics.

Energy Infrastructure

  • The global smart grid market size is expected to reach $92.97 billion by 2026.
  • The global smart meter market is projected to reach $28.6 billion by 2025.
  • The global microgrid market is projected to reach $47.4 billion by 2025.
  • The global power transformer market is expected to reach $50.8 billion by 2027.
  • The global power plant boiler market is projected to reach $22.8 billion by 2025.
  • The global district heating market is projected to reach $204.7 billion by 2025.
  • The global power rental market is projected to reach $14.5 billion by 2025.
  • The global power distribution unit market is expected to reach $5.5 billion by 2025.
  • The global power quality equipment market is expected to reach $46.1 billion by 2026.
  • The global smart gas meter market is expected to reach $5.99 billion by 2026.
  • The global power plant maintenance market is expected to reach $32.96 billion by 2027.
  • The global power system simulator market is expected to reach $1.64 billion by 2025.
  • The global virtual power plant market is expected to reach $2.85 billion by 2027.
  • The global power rental market for oil and gas industry is expected to reach $1.7 billion by 2024.
  • The global smart water meter market is expected to reach $3.5 billion by 2025.
  • The global power monitoring market is expected to reach $5.5 billion by 2025.
  • The global power electronics market is expected to reach $39.2 billion by 2025.
  • The global gas turbine market is projected to reach $25.68 billion by 2027.
  • The global power transmission towers and cables market is projected to reach $55.8 billion by 2026.

Interpretation

In a world where numbers speak louder than words, the booming global energy industry seems to be hitting all the right digits. With markets projected to reach billions by the mid-2020s, it's clear that the future of power is bright, smart, and well-connected. From smart meters to virtual power plants, the energy landscape is rapidly evolving towards a more efficient and sustainable model. So, buckle up and charge your devices, because this is not just a power play—it's a game-changing revolution in the making.

Energy Storage

  • The global energy storage market is expected to grow from $2.9 billion in 2020 to $12.1 billion by 2025.

Interpretation

The global energy storage market is ramping up faster than an over-caffeinated Tesla, with a projected growth from $2.9 billion to $12.1 billion by 2025. This surge in numbers isn't just about storing power - it's a rechargeable reminder that the world is finally plugging in to the importance of sustainable energy solutions. As renewable energy sources become increasingly prevalent, energy storage is the secret sauce that will keep the lights on and the planet spinning. So, whether you're a battery enthusiast or just looking to power up your investment portfolio, the message is crystal clear: the energy storage market is charged up and ready for a bright, sustainable future.

Fossil Fuels

  • Oil remains the world's largest energy source, accounting for 31% of total energy consumption in 2019.
  • China is the world's largest producer and consumer of coal, accounting for 50.5% of global coal consumption in 2020.
  • Natural gas accounted for 24% of global electricity generation in 2020.
  • Global oil demand is projected to recover to pre-pandemic levels by the end of 2022.
  • Global natural gas demand is projected to grow by 3.6% in 2021.
  • Global coal demand is projected to increase by 4.5% in 2021.

Interpretation

In a world where we strive to embrace clean and sustainable energy sources, it appears that oil, coal, and natural gas are still holding on tightly to their positions in the global energy industry. With coal reigning supreme in China and oil demand poised for a recovery that rivals a phoenix rising from the ashes of the pandemic, it seems as though the fossil fuel giants are not ready to relinquish their thrones just yet. While the projections for increased coal and natural gas demand may seem like a step in the wrong direction, perhaps it's a reminder that the transition to a greener future is a marathon, not a sprint. As we navigate the twists and turns of energy consumption trends, one thing remains certain – the world is still heavily reliant on these traditional energy sources for now.

Nuclear Energy

  • The global nuclear power capacity is projected to grow by 2.5% annually through 2040.
  • Nuclear power generated 10% of global electricity in 2020.

Interpretation

As we look towards the future of the global energy landscape, it's clear that nuclear power continues to be a significant player, with its capacity expected to grow by 2.5% annually over the next two decades. Generating 10% of the world's electricity in 2020, nuclear power stands as both a beacon of clean energy potential and a topic of ongoing debate. As the industry inches forward, balancing the promise of emissions-free power with concerns over safety and waste disposal will be crucial in harnessing nuclear energy's full potential for a sustainable future.

Renewable Energy

  • Renewable energy sources accounted for 29% of global electricity generation in 2020.
  • Solar PV capacity additions are forecast to reach 162 GW in 2022, a 13% increase from 2021.
  • Wind power capacity is projected to grow by 17% annually between 2021 and 2026.
  • Hydropower remains the largest renewable source of electricity, generating 16% of global electricity in 2020.
  • Geothermal power capacity is expected to grow by 26% between 2020 and 2025.
  • Offshore wind capacity is expected to increase 15-fold by 2040.
  • The global smart solar market is expected to reach $5.5 billion by 2025.
  • Tidal and wave energy capacity is expected to reach 2.9 GW by 2030.
  • The global biomass power generation market is projected to reach $66.2 billion by 2027.
  • The global concentrated solar power market is projected to reach $62.87 billion by 2026.
  • The global offshore wind cable market is projected to reach $3.9 billion by 2027.
  • The global floating solar panels market is projected to reach $2.7 billion by 2025.
  • The global small wind power market is projected to reach $8.9 billion by 2026.
  • Global renewable energy capacity additions are set to rise by 45% in 2021.
  • The global offshore wind turbine market is expected to reach $68.9 billion by 2026.

Interpretation

In a world where renewable energy is no longer just a buzzword but a critical component of our energy landscape, the statistics speak volumes. With solar and wind power leading the charge, it's clear that the future is bright for clean energy. From the rapid growth of offshore wind to the steady rise of geothermal power, the renewable energy sector is on an upward trajectory. As hydropower continues to hold its ground as a significant player, and innovative technologies like tidal energy emerge, it's evident that the global energy industry is undergoing a monumental shift towards sustainability. With markets projected to reach billions of dollars, it's not just about saving the planet anymore—it's about making smart investments for a brighter future for all.

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