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World’s energy consumption to grow by 56 percent by 2040

The world’s overall energy consumption is set to increase by an incredible 56 per cent from 2010-2040, a new research study by the US Energy Information Administration has recently revealed.

According to a media news report, the International Energy Outlook 2013 issued by the aforementioned regulatory body estimates that energy demand will jump from 524 quadrillion British thermal units (Btu) to 820 quadrillion Btu within the aforementioned interval.

Apparently, the largest increased in demand will come from non-OECD (non-Organisation for Economic Cooperation and Development) countries with strong economic and population growth; with renewable energy and nuclear energy to be the fastest growing energy sources.

Fossil fuels however, are tipped to still supply 80 per cent of the world’s energy use by 2040: with natural gas to be the fastest growing fossil fuel.

Liquid fuels are expected to remain the world’s largest source of energy: growing from 87million barrels per day in 2010 to 97million barrels a day in 2020 and up to 115million barrels a day in 2040. However, its share of the world energy consumption market will slip from 34 per cent in 2010 to 28 per cent in 2040, prompted largely by the expansion of oil prices.

Given the specific details pointed out in this forecast, it’s becoming quite clear that installing various energy-saving measures will become extremely important in the near future, and this is specifically where the HeatingSave Building Energy Management System will prove its full worth.

Building Energy Management Systems are capable of delivering extensive monitoring and control options, compared to basic controls. They typically employ data from a variety of sources (boiler flow and return sensors, internal and external temperature sensors, occupancy sensors, humidity sensors, etc.), and enable the perfect optimization of a building’s boiler-based central heating system.

If you’d like to find out more about the savings enabled by the HeatingSave Building Energy Management System, just contact our dedicated product team, they’ll be more than happy to answer all of your questions and queries.

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