Empowering the way to effectively generate energy
The global demand for energy is expected to continue increasing by about 1.3% annually through 2040 according to the International Energy Agency. Demand is being fueled primarily by standard of living improvements in developing nations and jet fuel and petrochemical needs in developed nations. According to Shell’s Liquid Natural Gas Outlook Report for 2019, natural gas – a key energy market for Oerlikon – is expected to make up 40% of the additional global energy demand between now and 2035. The growth in popularity of renewable energy sources reflects the drive toward eco-friendly energy. However, these sources currently fill the additional demand and are not yet seen to be displacing coal, oil or gas as major energy sources. The growing inclination toward electric vehicles is expected to also drive the increasing demand for energy in the next decades.
