The bioenergy final consumption within the UK's transport equipment sector is projected to follow a steady upward trend from 2024 to 2028. Starting at 2.53 thousand terajoules in 2024, it sees a year-on-year increase, reaching 2.9 thousand terajoules by 2028. The Compound Annual Growth Rate (CAGR) over this period highlights an average annual growth of approximately 3.4%. In 2023, as a reference, bioenergy consumption stood at 2.44 thousand terajoules, indicating a gradual but positive escalation into 2024.
Future trends to watch for:
- The integration of advanced biofuels which can further accelerate consumption.
- Policy changes promoting bioenergy use could impact growth rates.
- Technological advancements in transport equipment maximizing bioenergy efficiency.