Source: Datamonitor
Extract from executive summary
The global energy industry had shown strong growth in recent years until it fell into a steep decline in 2009. Recovery is expected in 2010, with strong growth over the period spanning 2009–14.
The performance of the industry is forecast to accelerate, with an anticipated CAGR of 13.2% for the five-year period 2009–14, which is expected to drive the industry to a value of $11,250.4 billion by the end of 2014. Comparatively, the European and Asia Pacific industries will grow with CAGRs of 11% and 13.5% respectively, over the same period, to reach respective values of $2,047.9 billion and $2,602.5 billion in 2014.
Industry definition: The energy industry consists of oil, gas, coal, and consumable fuels, and the energy equipment and services industries. The energy equipment and services industry values reflect revenues generated from the provision of equipment and services to the oil and gas industry, including contract drilling.
The oil, gas, and consumable fuel industry consists of oil, gas, coal, and related consumable fuels. Industry values reflect revenues generated from exploration, production, refining, marketing, storage, and transportation of oil and gas, and also from the coal and consumable fuels market. The coal and consumable fuels market is defined as revenues generated by the sale of coal for industry and power generation, but excludes the sale of metallurgical coal.
For the purposes of this report, the global market consists of North America, South America, Western Europe, Eastern Europe, and Asia Pacific.
Research highlights
- The global energy industry generated total revenues of $6,050 billion in 2009, representing a CARC of -0.1% for the period spanning 2005–09.
- The performance of the industry is forecast to accelerate, with an anticipated CAGR of 13.2% for the five-year period 2009–14, which is expected to drive the industry to a value of $11,250.4 billion by the end of 2014.
This report is available to Current London Business School students, faculty and staff from Datamonitor 360 which can be found on the A-Z list of library databases within Portal
Photo from Creative Commons: Flickr: rbanks
I agree with the point that The oil, gas, and consumable fuel industry consists of oil, gas, coal, and related consumable fuels.
Posted by: Core Drilling Machine | 05 December 2011 at 11:14