Global Utilities: China will be joined by a second wave of rapidly growing energy markets

Publication Date	August 2006
Publisher	Datamonitor
Product Type	Report
Pages	11
ISBN Number	not applicable
Product Code	DAT00438

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£895.00
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Summary

Introduction

China continues to lead world energy demand growth, largely as a result of strong economic growth. Whilst this trend will continue, there will soon be a second wave of rapid demand growth markets where a combination of increased economic prosperity, greater supply availability and the currently low levels of energy consumption conspire to create significant increases in demand.

Scope

Insight into recent global energy consumption patterns and demand growth
An overview of the key factors driving global energy demand growth
Predictions on which markets will be the main drivers of energy demand growth

Highlights

The pace and magnitude of Chinese economic growth means it will continue to see the fastest acceleration in energy demand growth in the short to medium term

The growth prospects for primary energy demand have particularly significant potential in 15 markets in the world where per capita demand levels are below the global average and where forecasts of GDP growth are above average

Reasons to Purchase

Identify and benchmark the factors governing the prospects for global energy demand growth
Gain insight into the economics driving energy demand growth in particular markets
Understand the relative importance in individual markets of factors driving energy demand

Content

Prediction

The effect rapidly growing Chinese energy demand has had on global energy market dynamics continues to be a major concern for the global energy economy. Chinese energy demand will remain buoyant throughout 2007, leading to continued pressure on global prices.

Summary

China has lead the world in terms of energy demand growth, largely as a result of a strong acceleration in its economy. This demand growth has resulted in energy, particularly oil, being in shorter supply elsewhere in the world leading to price rises. China's strong economic growth shows no sign of abating in the short term and as such 2007 will again be characterised by rapid Chinese energy demand growth. However, China is not the only market where demand growth prospects are significant

Methodology

Analysis

Over the past five years China has lead the world in Primary Energy demand growth
Growth in Chinese energy demand has been driven by economic growth being significantly above the global average
Chinese economic growth will remain the highest in the world in the short to medium term
There are four main interdependent factors driving future energy demand growth
Whilst China has lead energy demand growth, there has been a second wave of rapid growth markets with strong future potential
Chinese energy demand will continue to grow rapidly as a result of continued economic growth
In addition to the common theme of GDP growth and low per capita demand, the structural factors driving demand growth in the 15 high potential markets vary widely

Appendix