In 2023, the consumption of solid fossil fuels in the UK's transport equipment sector stood at an estimated value of over 943 Terajoules. Forecasted data from 2024 to 2028 shows a consistent decline in this consumption, highlighting a compounded annual growth rate (CAGR) of approximately -6%. The year-on-year reductions indicate a steady transition away from solid fossil fuels as the sector adjusts its energy strategies.
Future trends to watch include the sector's shift towards renewable energy sources and advancements in technology that may further decrease reliance on solid fossil fuels. The impact of regulatory policies and innovations in green transport will also be significant in shaping the sector’s energy consumption profile.
