Did you know that global energy consumption is on the rise? According to a U.S Energy Information Administration (EIA) report, global energy consumption is expected to increase by 56% between 2013 and 2040. Many factors are contributing to this increase in energy consumption. This article will explore three of the most significant reasons why energy consumption is rising.

1. Economic Growth

One of the primary drivers of increased energy consumption is economic growth. As economies worldwide continue to expand, so does the demand for energy. This is especially true in developing countries where populations are growing, and living standards are improving. As more people enter the middle class, they will consume more energy for activities such as transportation, cooking, and heating/cooling their homes.

Economic growth has also led to the rise of energy-intensive industries such as manufacturing, construction, and mining. These industries require large amounts of energy to power their operations. Other industries such as agriculture have also become more energy-intensive due to mechanization and irrigation.

2. Population Growth

Another important factor that contributes to increased energy consumption is population growth. As the world’s population grows, so does the energy demand. This is especially true in developing countries where populations are growing rapidly. As the world’s population reaches 8.5 billion by 2030, according to United Nations projections, the demand for energy will continue to increase.

In addition to population growth, the number of people living in urban areas is also rising. According to the Population Division of the UN Department of Economic and Social Affairs, the world’s urban population is expected to increase from 55% in 2018 to 68% by 2050.

3. Increased Use of Technology

Another factor contributing to the rise in energy consumption is the increased use of technology. Electrical contractors have noted that as our world becomes more connected, we are using more and more devices that require energy to operate. This includes everything from computers and smartphones to IoT devices.

The increased use of technology is also leading to the rise of data centers. These massive facilities require a lot of energy to operate and are responsible for a large portion of the world’s total energy consumption.

As energy consumption rises, so does the need for electrical contractors. This is because they are responsible for installing and maintaining the electrical systems that power our homes, businesses, and industries. If you need electrical contractors, be sure to contact us today. Our team of experts is ready to help you with all your electrical needs.