In 2024, the bioenergy final consumption in the UK's non-metallic minerals sector is forecasted at 14.12 thousand terajoules. This marks a year-on-year growth from previous actual data of 13.54 thousand terajoules in 2023. The projections suggest a steady increase, with consumption reaching 16.5 thousand terajoules by 2028. The compound annual growth rate (CAGR) over the five-year forecast period is anticipated to be approximately 4.0%. This trend reflects a gradual but consistent shift towards sustainable energy sources in the sector.
Future trends to watch for:
- Government policies promoting renewable energy adoption and sustainability.
- Technological advancements in bioenergy efficiency and cost-effectiveness.
- Market fluctuations driven by international energy demand and supply chain dynamics.