40
3 Energy
3.1
Development of the Global Energy Market
The development of the global energy market is directly connected to changes in
the world’s population structure, as well as the economic growth and geopolitical risks. The trend of the world’s energy consumption has enormously increased
and changed considering the shares of different energy types (Figure 3.1). The
Cambridge University’s International Institute for Applied Systems has published
the Global Energy Assessment (GEA) including prognoses for the global energy
consumption development until 2050. The global economy is expected to develop
at an average growing rate of 3,4% per year for the next 20 years [BP2017, p. 6].
The globalization of the international markets is a promising future growth perspective especially for national economies in the areas of the emerging countries.
The global energy needs are expected to expand by 30% between today and the
year 2040 [In2017b; BP2017, p. 11; Jo+2012, p. 9]. “The largest contribution to
demand growth—almost 30% [of this]—comes from India, whose share of global
energy use rises to 11% by 2040” [In2017a, p. 1].
Emerging countries in Asia will account for two-thirds of the world’s energy
growth, followed by Africa, the Middle East and Latin America (Figure 3.2).
The industry sector accounts for about 30% of the global final energy use
provided that cement, iron and steel, chemicals, aluminum and paper make up
more than half of the industry’s global demand [Jo+2012, p. 516]. Whereas the
energy intensity of industrialized countries has shown a steady decline of energy
consumption due to energy efficiency improvements, emerging countries as China
and India have high growth rates in the production of energy intensive materials
[Jo+2012, p. 48].
Overall the demand for energy of the industry sector steadily increased ever
since and following the BP Energy Outlook, the industry sector will remain the
largest market for final energy consumption, but the demand growth will, driven by efficiency improvements, slow down from 2,5% to about 1,5% per year
(Figure 3.3) [BP2017, p. 17; Po2011, p. 131].
The development of the worlds need for energy clearly shows the strong need
of appropriate methods to optimize the energy efficiency in producing companies to decrease energy costs, particularly against the background of continuously
rising energy prices 1 (Figure 3.4).
1 Current price data on energy price trends for Europe can be seen in the price publication of
the Federal Statistical Office DESTATIS published monthly.
3 Energy
3.1
Development of the Global Energy Market
The development of the global energy market is directly connected to changes in
the world’s population structure, as well as the economic growth and geopolitical risks. The trend of the world’s energy consumption has enormously increased
and changed considering the shares of different energy types (Figure 3.1). The
Cambridge University’s International Institute for Applied Systems has published
the Global Energy Assessment (GEA) including prognoses for the global energy
consumption development until 2050. The global economy is expected to develop
at an average growing rate of 3,4% per year for the next 20 years [BP2017, p. 6].
The globalization of the international markets is a promising future growth perspective especially for national economies in the areas of the emerging countries.
The global energy needs are expected to expand by 30% between today and the
year 2040 [In2017b; BP2017, p. 11; Jo+2012, p. 9]. “The largest contribution to
demand growth—almost 30% [of this]—comes from India, whose share of global
energy use rises to 11% by 2040” [In2017a, p. 1].
Emerging countries in Asia will account for two-thirds of the world’s energy
growth, followed by Africa, the Middle East and Latin America (Figure 3.2).
The industry sector accounts for about 30% of the global final energy use
provided that cement, iron and steel, chemicals, aluminum and paper make up
more than half of the industry’s global demand [Jo+2012, p. 516]. Whereas the
energy intensity of industrialized countries has shown a steady decline of energy
consumption due to energy efficiency improvements, emerging countries as China
and India have high growth rates in the production of energy intensive materials
[Jo+2012, p. 48].
Overall the demand for energy of the industry sector steadily increased ever
since and following the BP Energy Outlook, the industry sector will remain the
largest market for final energy consumption, but the demand growth will, driven by efficiency improvements, slow down from 2,5% to about 1,5% per year
(Figure 3.3) [BP2017, p. 17; Po2011, p. 131].
The development of the worlds need for energy clearly shows the strong need
of appropriate methods to optimize the energy efficiency in producing companies to decrease energy costs, particularly against the background of continuously
rising energy prices 1 (Figure 3.4).
1 Current price data on energy price trends for Europe can be seen in the price publication of
the Federal Statistical Office DESTATIS published monthly.