US Demand for Energy to Reach 102 Quadrillion Btu in 2021

11/30/2017

Cleveland, OH, November 30, 2017 — US demand for energy is forecast to reach 102 quadrillion British thermal units (Btu) in 2021, according to Energy: United States, a report recently released by Freedonia Focus Reports. Demand for energy from renewable resources is expected to rise 4.3% annually to 2021, the fastest among the resource segments. This energy source is expected to attain a greater share of the electric power market as increased investment brings down the cost per Btu. Rebounds in crude oil and natural gas prices from the low levels posted in 2016 will also stimulate overall demand.

To 2021, consumption of energy derived from natural gas is expected to rise 1.6%. Natural gas suppliers will primarily benefit from increased demand from industrial markets, where natural gas is used in combined-heat-and-power and electricity-only plants, and as a feedstock in chemical manufacturing.

These and other key insights are featured in Energy: United States. This report forecasts US energy demand and production in Btu to 2021. Total demand and production are segmented by resource in terms of:

  • petroleum
  • natural gas
  • coal
  • renewables
  • nuclear.

Total demand is also segmented by market as follows:

  • electric power
  • transport
  • industrial
  • residential
  • commercial.

To illustrate historical trends, total demand, total production, the various segments, and trade are provided in annual series from 2006 to 2016.

More information about the report is available at https://www.freedoniafocusreports.com/Energy-United-States-FF45043/.