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:
- 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.
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
Press Contact:
Corinne
Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com
SOURCE The Freedonia Group