PUBLISHER: MarketLine | PRODUCT CODE: 1154840
PUBLISHER: MarketLine | PRODUCT CODE: 1154840
Global Energy Consumption industry profile provides top-line qualitative and quantitative summary information including: Sector size (value and volume 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Sector.
The energy consumption sector is defined as the energy consumption by industry, transport, residential, commercial, agricultural, and fishing consumers and markets. Volume is defined as consumption of millions of tonnes of oil equivalent of coal & coal gases (including coal and peat), oil & oil products (including crude oil), natural gas, nuclear, and renewable energy (including hydro, geothermal, solar and biofuel). Value refers to the sum of segments values, as the product of volume and average prices for each type of energy (renewable and nuclear prices estimated from average electricity retailing prices. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
The global energy consumption sector had total revenues of $5,846.6 billion in 2021, representing a compound annual growth rate (CAGR) of 7% between 2016 and 2021.
The sector's volume increased at a CAGR of 1% between 2016 and 2021, to reach a total of 12,785.1 mtoe in 2021.
The value of the global energy consumption sector declined in 2020, which reduced energy demand. Primary energy consumption bounced back strongly in 2021.