Energy Consumption in North America (NAFTA) Industry Analysis Displays Prominent Growth in U.S. with a Value of $1,701.2 bn by 2021

According to the latest analysis, energy consumption is greater in developed nations than in developing nations. However, as the economy of a developing nation improves, the global energy consumption increases. With a prime focus on NAFTA countries, a study focusing on energy consumption has been recently added to the online repository of Market Research Hub (MRH), which is titled as “Energy Consumption North America (NAFTA) Industry Guide 2017”. The overall market description comprises the details of market share, market size during the review period of 2012 to 2016 and future growth until the end of 2021.

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The prime focus of the study is NAFTA, which is the world’s largest free trade agreement. The North American Free Trade Agreement (NAFTA) is a comprehensive agreement that sets the rules for international trade and investment between the United States, Canada and Mexico. According to the study, energy consumption is highest among developed countries. In fact, Americans make up less than 5% of the world's population and yet consume as much as 25% of its energy. In fact, the energy consumption industry within the NAFTA countries had a total market value of $1,739.0 billion in 2016. Among these, the Mexico was the fastest growing country, with a CAGR of 3.5% over the 2012-16 period.

Firstly, the report provides deep insights into the industry outlook for NAFTA energy consumption market for each country. This section encapsulates major information, such as market overview, segmentation and outlook. The term 'energy consumption,' is mainly consumption of the sources of energy that generate power, including fossil fuels and renewable energy.

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Key highlights of the study find that within the energy consumption industry, the U.S. is the leading country among the NAFTA bloc, with market revenues of $1,399.8 billion in 2016, followed by Mexico and Canada, with a value of $173.0 and $166.2 billion, respectively. This growth in the U.S. is also anticipated to lead until 2021, with a value of $1,701.2 billion in 2021, followed by Canada and Mexico with expected values of $184.8 and $177.5 billion, respectively. At the same time, strengthening energy ties among Canada, Mexico, and the U.S. will make North America businesses more competitive.

Further, the researchers have also done porter’s five forces analysis to examine the level of competition within an industry and business strategy development. It has been analyzed that expected demand growth of energy will be met mainly by a combination of growing imports of natural gas from the United States and by large extensions of both cross-border U.S.- Mexico pipeline capacity and Mexico’s domestic natural gas pipeline networks.

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Moreover, study presents entry-level research by identifying the size, major segments and major players. Leading company profiles to reveal details of key energy consumption market players NAFTA operations and financial performance.

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This release was published on openPR.