CLEVELAND, Dec. 11, 2017 /PRNewswire/ -- 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.
More information about the report is available at https://www.freedoniafocusreports.com/Energy-United-States-FF45043/
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:
- natural gas
Total demand is also segmented by market as follows:
- electric power
To illustrate historical trends, total demand, total production, the various segments, and trade are provided in annual series from 2006 to 2016.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Energy and Resources reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
SOURCE The Freedonia Group