In 2023, the primary solid biofuels consumption in the UK's commercial and public services sector was recorded at an approximate volume of 9.37 thousand terajoules. The forecast from 2024 to 2028 indicates a gradual increase, reaching 11.84 thousand terajoules by 2028. This translates into a compound annual growth rate (CAGR) of around 5% over the five-year period. The year-on-year growth estimates show a steady increase, with about 5% annual growth rate projected each year.
Future trends to watch include:
- The impact of government policies on renewable energy adoption within the commercial and public sectors.
- Technological advancements in biomass conversion and energy efficiency.
- Market dynamics such as fluctuations in biomass supply and geopolitical influences on energy strategies.