The forecast for bioenergy final consumption in the UK machinery sector demonstrates a steady growth from 164.55 thousand tonnes of oil equivalent in 2024 to 189.04 in 2028. The year-on-year growth rates are approximately 3.83% for 2025, 3.62% for 2026, 3.43% for 2027, and 3.24% for 2028. This reflects a compound annual growth rate (CAGR) over the five years starting in 2024 at about 3.53%.
Future trends to watch for include technological advancements in machinery efficiency, potential policy changes promoting bioenergy, and market shifts driven by sustainability goals. These factors could affect the trajectory of bioenergy consumption, emphasizing the need for flexible forecasting models.
