The forecast for direct transfer on natural gas for residential use in the US shows a consistent downward trend from 2024 to 2028. Beginning at $408.47 million in 2024, it is expected to decline year-on-year by notable percentages: a 16.8% drop in 2025, a 19.6% drop in 2026, a 23.7% drop in 2027, and finally, a 30.2% reduction in 2028. The compound annual growth rate (CAGR) over this period indicates an average annual decrease of approximately 22.2% from 2024 to 2028.
Future trends to watch for:
- Changes in government policies affecting natural gas use and pricing.
- Innovations in energy technology that could impact residential energy sources.
- The impact of economic factors such as inflation on household energy expenditures.
- Shifts in consumer behavior towards energy-efficient appliances.