The forecasted output of the Electricity, Gas, Steam, and Air Conditioning Supply in the U.S. shows a steady increase from 2024 to 2028, beginning at $576.44 billion in 2024 and reaching $615.75 billion by 2028. In 2023, the output stood at approximately $566.50 billion. The year-on-year growth averages around 1.7%, reflecting a stable expansion. The compound annual growth rate (CAGR) over the five-year forecast period is estimated at about 1.66%.
Future trends to watch for include technological advancements in renewable energy, regulatory changes impacting carbon emissions, and fluctuations in energy demand driven by economic and population growth. These factors may influence the supply dynamics and growth rates in the coming years.
