April 25, 2014 (Chinavestor) Energy demand in coming decades are forecasted to increase along with the world population. The total world population is set to increase to over 9 billion by 2050, with a large portion forecast to originate from developing nations. Populations in developing countries are anticipated to grow from 5.9 billion in 2013 to 8.2 billion by 2050, including Africa, India, Pakistan and Indonesia. With the additional number of people and the rapid economic development in some economies, the demand for energy is only set to continue its upward trend.
Due to China’s rapid rate of economic growth and urbanisation, it leads the way in the current decade for growth in energy demand. India is anticipated to overtake China in energy demand in the following decade, which is a partial reflection of its rapid population growth. This presents opportunities for companies to export their energy supplies.