Forecast: Solid Fossil Fuels Final Consumption in Machinery Sector in the UK

In 2023, the solid fossil fuels consumption in the UK's machinery sector was measured at 7.48 thousand tonnes of oil equivalent. The forecasted data from 2024 to 2028 demonstrates a declining trend. Year-on-year variations show a decrease of 4.8% from 2024 to 2025, followed by a 5% decline in 2026, a 5.1% dip in 2027, and a 5.2% drop in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average annual decrease of approximately 5%.

Future trends to watch for in the sector include:

  • The impacts of the UK’s increasing shift towards renewable energy sources on fossil fuel consumption.
  • Potential policy changes related to carbon emissions and their effect on energy consumption in the machinery sector.
  • Technological advancements leading to more energy-efficient practices within the industry.

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