The report below gives a good overview of the Fall 2023 M&A activity in the Energy Industry Sector. The global energy market is expected to grow significantly, owing to reduced energy costs, decreased carbon emissions, and a strong demand for renewable energy resources. Worldwide energy consumption is increasingly tilting towards developing economies, where both population and economic growth are faster than the global average. By 2050, non-OECD (Organization for Economic Cooperation and Development) countries are expected to account for approximately 70% of the global energy demand. According to the International Energy Agency, the United States, Japan, and the European Union expect a 2%, 3%, and 3% decline respectively in electricity demand, owing to the ongoing effects of the global energy crisis and economic slowdown.
Posted by Roy Graham.