Between 2013 and 2023, the historical data for natural gas final consumption in the construction sector in Italy reveals an overall upward trend, despite some significant fluctuations. Consumption stood at 5.15 Thousand Gigawatthours in 2023, marking an 8.26% year-on-year increase. While 2022 saw a substantial drop of 41.21% from the unprecedented 238.14% spike in 2021, over the last five years, the compound annual growth rate (CAGR) has averaged at 15.52%, indicating a trend of recovery and growth.
Future projections from 2024 to 2028 foresee continued growth. The forecast indicates a CAGR of 4.96%, culminating in a 27.4% overall growth rate by 2028. This suggests a robust increase in natural gas usage in the construction sector, propelled by factors like construction activity resumption post-pandemic, potential regulatory shifts, and advances in energy-efficient building technologies.
Trends to watch for:
- Ongoing recovery and growth in construction activity in Italy.
- Potential regulatory changes affecting energy consumption.
- Advancements in sustainable and energy-efficient construction practices.