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Composite Technology Corporation (CPTC) comes with a proprietary solution to save millions of energy dollars
The rising global economic activity will significantly increase oil demand through the next century from the current 85 to 120 million barrels per day. The growth in energy demand and consumption is primarily driven by the healthy global economy as indicated by the global gross domestic product (GDP). The year 2007 was excellent in terms of global economic growth averaging 4.8%. The projected annual growth in world GDP over the next 25 years is higher than the rate recorded over the past 25 years, averaging 4.1%.
Meanwhile, the demand for electricity has grown dramatically over the last three decades, and as society becomes even more technologically driven, the necessity of electricity will continue to grow. Globally, with electrical transmission and distribution (T&D) networks totaling 5.3 million km in transmission lines and 59 million km of distribution lines, the T&D market is estimated at $50 billion and projected to exceed $80 billion within 10 years. According to Freedonia Group, the
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