outlook for the global electricity market and implications gas turbine fleet presented by kevin michaels o&m expo london october 2005 ann arbor michigan great missenden uk www aerostrategy com 2 agenda trends 3 accounts 16 of world energy consumption us is single largest 2002 top ten markets mtoe oil 42 biomass & waste 14 coal 9 heat united states 25 china 10 japan russia 6 india others 40 4 7 canada germany source iea 2004 demand expected to grow at a slower rate than gdp growth about 5 per year 0 1 1971 2030 in advanced economies lower contrast developing will consume same as economic
