Curated News
By: NewsRamp Editorial Staff
August 02, 2024

Benchmark International Unveils 2024 Global Energy and Power Industry Report

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Source News Release

TLDR

  • Gain valuable insights into the growing global energy sector, including projections for solar, energy storage, wind energy, and M&A activity.
  • The report provides crucial data on the projected growth rates of electricity demand, renewable energy, and the global power mix, along with key highlights from the report.
  • The shift towards renewable energy and the doubling of renewables in the global power mix offer hope for a more sustainable and environmentally friendly future.
  • Discover the latest projections and trends in the global energy sector, including the rapid growth of solar energy and the potential for significant expansion in energy storage.

Impact - Why it Matters

This news matters, as the 2024 Global Energy and Power Industry Report provides valuable insights for stakeholders across the energy sector, from government agencies to private companies and investors. As the industry navigates through a critical phase of transition, this report serves as a vital resource for strategic planning and investment decision-making.

Summary

Benchmark International is proud to announce the release of its highly anticipated 2024 Global Energy and Power Industry Report. This comprehensive report provides crucial insights into the evolving landscape of the global energy sector. With electricity demand forecasted to grow at an average of 3.4% annually through 2026 and a compound annual growth rate (CAGR) of 4.84% from 2024 to 2028, the report highlights the significant factors driving this growth. Key contributors include increasing energy needs in emerging markets, global electrification, and the rising demand for green hydrogen. The report underscores the global shift towards renewable energy, noting that the share of renewables in the global power mix is expected to more than double over the next two decades. Despite the push for reduced fossil fuel consumption, the demand for oil, gas, and coal is predicted to reach record levels this year, driven by specific regional needs and market dynamics.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Benchmark International Unveils 2024 Global Energy and Power Industry Report

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