Tackling the challenges in global energy demand | GE News

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/><h2>Tackling the challenges in global energy demand</h2><br />
<h3>Global electricity demand increase</h3><br />
<ul><br />
<li>2 billion more people by 2040</li><br />
<li>By 2030, 1.5 billion more people will be living in cities</li><br />
<li>70% more electricity needed by 2035</li><br />
<li>31 trillion kWh estimated 2035 electricity consumption</li><br />
</ul><br />
<h3>Required investment ($billion)</h3><br />
<ul><br />
<li>The U.S. needs $673B in electric infrastructure investments by 2020</li><br />
<li>Latin America $104B invested by 2035</li><br />
<li>China to invest $600B in grid modernisation over the next decade</li><br />
<li>Europe $104B invested by 2022</li><br />
</ul><br />
<h3>Australia's energy landscape</h3><br />
<ul><br />
<li>Renewables are forecast to be 51% of the energy mix by 2050</li><br />
<li>Australia's energy exports generated $77bn in 2011-2012 alone</li><br />
<li>In 2010-2011 businesses spent $2.6bn on energy research & development</li><br />
</ul><br />
<h3>The need for intelligence</h3><br />
<ul><br />
<li>$33B increase in spending on Substation Automation by 2018</li><br />
<li>7x Growth in annual Transformer Monitoring by 2020</li><br />
<li>Representing a $755M increase from 2012</li><br />
<li>$31B annual global spend for Smart Grid Business applications</li><br />
</ul><br />
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