Industrial
Market Trends
Despite a 54-percent increase in industrial shipments, industrial energy consumption increases by only 19 percent from 2009 to 2035 in the AEO2011 Reference case. Energy consumption growth is moderated by a shift in the mix of output, as growth in energy-intensive manufacturing output (aluminum, steel, bulk chemicals, paper, and refining) slows and growth in high-value (but less energy-intensive) industries, such as computers and transportation equipment, accelerates.
