The UK's fossil energy final consumption in the industry is set to decline steadily from 12.42 million tonnes of oil equivalent in 2024 to 10.05 million in 2028. This represents a year-on-year decrease: -4.91% from 2024 to 2025, -5.08% from 2025 to 2026, -5.17% from 2026 to 2027, and -5.46% from 2027 to 2028. The compound annual growth rate (CAGR) is expected to be approximately -5.16% over five years.
Future trends to watch for in the UK industry include:
- Increased adoption of renewable energy sources as part of the net-zero emissions target.
- Technological advancements that improve energy efficiency.
- Legislative measures to further reduce carbon footprints in industrial processes.