The Global Energy Perspective is developed by Energy Insights in collaboration with McKinsey Sustainability and the Global Energy and Materials and Advanced Industries practices.

Energy Insights is McKinsey’s global market intelligence and analytics group, focused on the energy sector. The group enables organizations to make well-informed strategic, tactical, and operational decisions by using an integrated suite of market models, proprietary industry data, and a global network of industry experts. It works with leading companies across the entire energy value chain to help them manage risk, optimize their organizations, and improve performance.

McKinsey Sustainability is the firm’s client-service platform that aims to assist the transformation of all industry sectors and their efforts to cut carbon emissions by half by 2030, and to achieve net zero by 2050. McKinsey Sustainability seeks to be the preeminent impact partner and adviser for our clients—from the board room to the engine room—on sustainability, climate resilience, energy transition, and environmental, social, and governance (ESG) factors. To facilitate a meaningful wave of innovation and economic growth that safeguards the planet and advances sustainability, McKinsey Sustainability leverages thought leadership, innovative tools and solutions, and top experts—and so creates a vibrant ecosystem of industry associations and knowledge partnerships.

McKinsey’s Global Energy and Materials Practice (GEM) serves clients in industries such as oil and gas, mining, steel, pulp and paper, cement, chemicals, agriculture, and power. It assists them to make decisions on the most important issues regarding strategy, operations, marketing and sales, organization, and other functional topics. In addition, MineLens, MineSpans, and Energy Insights—specialist divisions within the practice—offer fundamental insights into commodity-market dynamics. GEM serves many of the top global players, including corporations and state-owned enterprises, and works with more than 80% of the largest mining companies and 90% of the largest oil and gas companies worldwide.

McKinsey’s Advanced Industries Practice brings together three well established global industry practices with roots in technically complex design and manufacturing: automotive and assembly, aerospace and defense, and advanced electronics and semiconductors. The global network of deeply experienced industrial partners works with industry executives to address issues that include strategy, organization, operations, technology, marketing, sales, and risk. The practice focuses on core operating capabilities and helps clients take a long-term, through-cycle view of the evolving competitive landscape. It works with many high-performing and iconic industrial companies around functional, business unit, and enterprise transformations to accelerate revenue generation, technology integration, operations design, and margin and cash flow improvements.

About this report

The Global Energy Perspective 2022 offers a detailed demand outlook across 55 sectors, 70+ energy products, and 146 countries for five key scenarios. This Executive Summary is a selection of key charts and analysis from the outlook.

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