The global industrial sector uses more natural gas than any other type of fuel, consuming nearly 64 quadrillion British thermal units in 2022. On the other hand, the use of renewables is expected to rise, as the cost for renewable energy technologies, such as wind and solar power, decrease. Similarly, by 205 natural gas is expected to be the most used fuel type worldwide, with a consumption of some 88 quadrillion British thermal units.
Predictions for global energy consumption
Global consumption of fuel for industrial purposes is predicted to reach over 336 quadrillion British thermal units in 2050. Rising demand follows a trend of rising projected global energy consumption until at least 2040 in all sectors. The demand for fuel is expected to continue experiencing growth for non-renewable sources, such as liquid fuels.
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EIA. (October 11, 2023). Industrial energy consumption worldwide in 2022, with a forecast until 2050, by energy source (in quadrillion British thermal units) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/263471/industrial-energy-consumption-worldwide/
EIA. "Industrial energy consumption worldwide in 2022, with a forecast until 2050, by energy source (in quadrillion British thermal units)." Chart. October 11, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/263471/industrial-energy-consumption-worldwide/
EIA. (2023). Industrial energy consumption worldwide in 2022, with a forecast until 2050, by energy source (in quadrillion British thermal units). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/263471/industrial-energy-consumption-worldwide/
EIA. "Industrial Energy Consumption Worldwide in 2022, with a Forecast until 2050, by Energy Source (in Quadrillion British Thermal Units)." Statista, Statista Inc., 11 Oct 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/263471/industrial-energy-consumption-worldwide/
EIA, Industrial energy consumption worldwide in 2022, with a forecast until 2050, by energy source (in quadrillion British thermal units) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/263471/industrial-energy-consumption-worldwide/ (last visited November 10, 2024)
Industrial energy consumption worldwide in 2022, with a forecast until 2050, by energy source (in quadrillion British thermal units) [Graph], EIA, October 11, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/263471/industrial-energy-consumption-worldwide/