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Industry Outlook

Global energy consumption is expected to grow by nearly 50 percent from 2020 through 2050, according to the Energy Industry Association. The energy consumption in the U.S., however, is projected to grow more slowly than the gross domestic product through 2050. This slow growth is attributed to the continued increase in energy efficiency in the United States. In the coming years, the fastest growing sectors in U.S. energy consumption will be electricity and natural gas.

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