Energy Demand and Supply

• Energy demand is divided into three sectors : (i) electricity, (ii) transportation, and (iii) “heat” which comprises all stationary uses of energy except for those associated with generating electricity or transportation fuels.
• Energy demand will continue to grow on the back of relatively fast socioeconomic development. It is driven by the requirement to satisfy mankind’s production and living needs. With continued improvements in economic development and quality of life, demand for energy will continue to soar for a long while, especially in underdeveloped countries and regions where most of the populations suffering from energy poverty will gradually live a modern life enriched by the supply of power as a commodity.
• We are of the view that by the mid-twenty-first century, the gross capacity of the world economy will maintain, albeit at a slower rate, the rising trend that started at the end of World War II. 
• It is projected that before 2030, the world economy will grow more strongly, but energy – intensive enterprises in the steel and iron, nonferrous metals, building materials, and chemical engineering industries will experience slower growth.
• The production of key products will reach the saturation point in 2030 or thereabouts , with energy demand maintaining an average growth rate of 1.6 %. After 2030, energy-intensive industries will see themselves degenerating into “sunset industries”, with the industrialization and urbanization processes drawing to an end in most regions. By contrast, the weighting of other industrial, transportation and commercial sectors in the economy will rise further, and an overall slowdown in energy demand growth.

2. Energy Supply 

• Energy supply is the delivery of fuels or transformed fuels to point of consumption. It potentially encompasses the extraction, transmission, generation, distribution and storage of fuels. It is also sometimes called energy flow.