Energy Market in United States

Updated on:
06.11.2023
4.5
934
2 min

Condensed Market Overview

The U.S. energy market is on an upward trajectory, set to value $1.3 trillion by 2027, growing at a 3.5% CAGR. This growth is spurred by:

  1. A rising emphasis on renewable energy, backed by governmental policies and incentives.
  2. The switch from coal to natural gas and renewables due to environmental concerns and regulations.
  3. Enhanced energy storage technologies boosting the renewables sector.
  4. Energy efficiency measures across various sectors to reduce consumption.
  5. The surge in electric vehicle adoption and related infrastructure, driving electricity demand.

In summary, technological advancements and policy-driven shifts are shaping the future of the U.S. energy market.

Learn more in the report:

The US Energy Market 2023-27
WEZOM Insights
The US Energy Market 2023-27
Rising demand and renewable technology innovation are projected to drive the Oil & Gas market value up to $1.3 trillion by 2027.
How do you rate this article?
4.5
Voted: 2
Industry:
We use cookies to improve your experience on our website. You can find out more in our policy.