Energy Logistics Market Size (2024 - 2029)

Energy Logistics Market Analysis

The Energy Logistics Market is expected to register a CAGR of 0% during the forecast period.

• According to the International Energy Agency (IEA), the economic outlook is less optimistic than 2021's outlook, with high energy prices, energy security concerns, and reinforced climate policies ending a decade of rapid growth for natural gas; it is projected to grow at a rate of 0.4% annually between now and 2030 compared to 2.3% between 2010 and 2019.
• Oil demand is projected to grow by 0.8% annually to 2030, reaching a peak of around 103 million barrels per day, with EVs and efficiency improvements reducing its demand. Coal is expected to witness a temporary increase in demand from some regions from the energy and industry sectors as natural gas prices rise, but efforts to cut emissions will soon put coal back into decline, ending the decade 9% lower than it is now.
• Renewables, particularly solar photovoltaic and wind, will account for 43% of global electricity generation in 2030 compared to 28% in 2023. The energy crisis is changing the demand trends that have long been in place.
• Industries that were hit hard by global prices are now facing real risks of production rationing. Consumers are re-evaluating their energy consumption patterns in response to higher prices and, in some cases, to emergency demand reduction initiatives.
• While policy responses vary, many are focused on accelerating clean energy investments. This implies an even greater emphasis on renewables in the energy sector and accelerating electrification in industrial processes, cars, and heating.
• As many of the responses to the crisis align with those required to achieve global climate objectives, the energy crisis may turn out to be a defining moment in terms of driving energy security and reducing emissions.

Energy Logistics Industry Segmentation

Energy logistics refers to the movement and distribution of energy resources in the energy sector through the efficient use of labor, infrastructure, and equipment.

The energy logistics market is segmented by application (oil & gas, renewable energy, power generation, and energy mining), by end-user (government sector and private sector), and by mode of transport (railways, airways, roadways, and waterways). The report offers the market size and forecasts for the energy logistics market in value (USD) for the above-mentioned segments.