In 2023, the final consumption of natural gas in construction in the UK was recorded at 425.76 thousand tonnes of oil equivalent. The forecast for 2024 indicates a consumption of 435.88, reflecting a 2.38% increase. The projected values for subsequent years suggest a steady annual growth, with 447.15 in 2025 (2.57% increase), 458.19 in 2026 (2.47%), 469.01 in 2027 (2.36%), and 479.62 in 2028 (2.26%). The compound annual growth rate (CAGR) over the forecast period from 2024 to 2028 is approximately 2.41%, indicating consistent growth in natural gas consumption within the construction sector.
Future trends to watch for include the impact of decarbonization efforts in the construction industry which may influence natural gas consumption patterns. Additionally, technological advancements and policy changes toward sustainable energy sources could alter the forecasted growth trajectory. Close monitoring of these factors is crucial to understanding future consumption trends.
