The consumption of Liquefied Petroleum Gases (LPG) in the UK commercial and public services sector is forecasted to increase steadily from 2024 to 2028, starting at 6.23 thousand Gigawatthours in 2024 and reaching 7.36 by 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately 4.18% over the five-year period. This upward trend indicates a consistent year-on-year increase.
In 2023, actual consumption stood at an estimated lower value, highlighting the forecasted growth trajectory for the coming years.
Future trends to watch for:
- Technological advancements that could improve energy efficiency.
- Changes in regulatory policies aimed at carbon reduction.
- Potential market shifts due to alternative energy sources becoming more competitive.