Global energy demand is beginning to take a new shape as countries continue to place a concerted emphasis on renewable energy production, according to the 2014 edition of the International Energy Agency's World Energy Outlook report.
In the coming decades, further strain will be placed on existing energy supplies as population growth and industrialization in underdeveloped areas marks the future. The demand for energy will increase 37 percent by 2040, with China expected to surpass the U.S. as the largest consumer of oil in the next 15 years.
However, the most pertinent information drawn from the report concerns alternative energies, which are on pace for huge growth. A dynamic shift is expected to occur as renewable energies will take their place as one of the leading resources for consumption.
Coal, gas, oil and non-carbon energies will each make up 25 percent of the market, which means nations are moving away from traditional forms of energy. Because of pollution control measures to reduce carbon emissions, coal demand is expected to plateau in the 2030s before it recedes from widespread consumption.
"Renewable energy technologies, a critical element of the low-carbon pillar of global energy supply, are rapidly gaining ground, helped by global subsidies amounting to $120 billion in 2013," the report stated. "With rapid cost reductions and continued support, renewables account for almost half of the increase in total electricity generation to 2040, while use of biofuels more than triples to 4.6 million barrels per day and the use of renewables for heat more than doubles."
Impact on production
With such a dramatic change in future energy supplies, prices for once-expensive resources will become more reasonable, providing consumers with the chance to use alternative energies for lighting, heating, cooling and commuting purposes, among others. As prices stabilize and become a normal part of the market, these new energies will take hold and change how products are manufactured and marketed.
For instance, the HVAC industry has long been on the cutting edge of new technologies and advancements in energy efficiency. And with global markets beginning to show increased demand for these HVAC products, those in the industry will likely create new models that can make commercial and industrial buildings more sustainable, thus aligning consumer needs with those of businesses.
The focus on HVAC controls is evident in a new report from MarketsandMarkets, which found that the Building Automation market will be worth more than $55 billion by 2020 – nearly double its value in 2013.
Because of the cost-saving measures that building automation systems create, more businesses are investing in these technologies.
As populations as a whole become more aware of the benefits of sustainability initiatives, such as cheaper fuel and cleaner environments, governments and other institutions will continue to try and curb negative behaviors. One of the ways to reduce carbon footprints while providing cleaner air is through the installation of top-of-the-line HVAC systems.
In large settings, HVAC systems can account for nearly half of a business' total energy expenses, according to the U.S. Small Business Administration. Newer models can better regulate temperature levels, eliminate humidity and moisture in the air and prevent harmful contaminants from entering confined spaces.
These functions are vital to the overall performance of entire economic sectors, like manufacturing, wastewater management, data centers, cleanrooms and refineries. By keeping air quality levels within optimal ranges, HVAC units serve a primary role in the successes of many businesses.
Perhaps the best way to improve HVAC efficiency is to replace damaged coils with newer ones that have been covered with a protective layer of coating. This coating not only increases the output of an HVAC unit, but also prevents corrosion from setting in.
In harsher climates, this method of prevention is vital to keeping air controls in line, while reducing the amount of energy it takes to power the system as a whole. The efficiency makes businesses more profitable and creates cleaner environments as a whole because less electricity is being wasted.
At Rahn Industries, the highest care is placed on the selection of coil coating services that are optimized for companies of all kinds. With more than 30 years of manufacturing, engineering and design expertise, Rahn has industry-leading products that can enhance a business's sustainability goals.
Rahn Industries has a full lineup of spray and immersion (dip)/ Bake protective coatings to meet your needs.