In 2023, the non-ferrous metals sector's final consumption of electricity in the UK stood at 3.31 thousand gigawatthours. Future forecasts show a consistent decline from 2024 onward, dropping to 3.17 in 2024, and further decreasing annually to 2.57 by 2028. Year-on-year, the sector is expected to experience a steady decrease in electricity consumption, with a CAGR over the five-year period projected to reflect a negative average annual growth rate.
Future trends to watch for include:
- Technological advancements aimed at enhancing energy efficiency in the non-ferrous metals sector.
- Regulatory changes and environmental policies targeting energy consumption reductions and carbon footprint minimization.
- Potential shifts in production processes or materials that could alter electricity usage patterns.
- The impact of overall economic conditions on industrial activity within the sector.