Power and Energy’s Impact on the Insulation Industry
May 21, 2019 at 12:27 pm
There’s a great deal happening throughout
the energy industry, including the greater adoption of digital technologies to
increase performance, all of which spell increased opportunities for the
While global energy demand will continue
to increase, growth will be slower, an average of about 0.7% a year through
2050, compared to an average of more than 2% from 2000 to 2015, according to
“Energy 2050: Insights from the Ground Up,” by McKinsey report.
“The decline in the rate of growth is due
to digitization, slower population and economic growth, greater efficiency, a
decline in European and North American demand, and the global economic shift
toward services, which use less energy than the production of goods,” Nyquist
Greater efficiencies indeed: by 2035,
fossil-fueled cars will need 40% less gas to run, and by 2050, the amount of
energy used to produce each unit of GDP will be half what it was in 2013.