Forecast: Mining and Quarrying Sector Final Consumption of Electricity in the UK

The UK mining and quarrying sector's electricity consumption is forecasted to rise steadily from 2024 to 2028. In 2023, the consumption stood at 124.53 GWh. Year-on-year variations from 2024 to 2028 suggest a consistent growth trend, with annual growth rates ranging between 2.8% and 2.5%. The compounded annual growth rate (CAGR) over this five-year period is approximately 2.7%, indicating a moderate expansion of the sector's energy use.

Future trends to watch for:

  • Increasing electrification and automation within the sector could further drive up electricity demand.
  • Policy shifts targeting energy efficiency and carbon emissions could alter consumption patterns.
  • Technological advancements in renewable energy may influence electricity sourcing and consumption.

Top Countries about Mining And Quarrying