Based on the forecasted data, energy consumption in services in Canada is set to see a gradual increase from 14.77% in 2024 to 15.1% in 2028. This denotes year-on-year variations of approximately 0.54% for 2025, 0.61% for 2026, 0.54% for 2027, and 0.53% for 2028. The CAGR (Compound Annual Growth Rate) over the five-year period from 2024 to 2028 is approximately 0.55%.
Future trends to watch for include shifts in service sector energy efficiency initiatives, technological advancements that may reduce energy consumption, and policy changes impacting energy usage. Monitoring these factors will be crucial in understanding and forecasting long-term energy consumption trends in the Canadian service sector.
