As of 2023, total support on end-use electricity for consumers in the US stood at 1.12 billion USD. The forecast data indicates a gradually increasing trend from 2024 through 2028, with values rising from 1.13 billion USD to 1.15 billion USD. This represents a relatively stable market with a modest year-on-year growth of around 0.88% from 2023 to 2024 and subsequent years exhibiting negligible annual variations. The five-year compound annual growth rate (CAGR) from 2024 to 2028 is approximately 0.35%, highlighting a slow but steady expansion.
Future trends to watch for include:
- Potential impact of renewable energy adoption and government regulations on consumer electricity support dynamics.
- Technological advancements in energy efficiency potentially affecting electricity consumption patterns.
- Shifts in economic conditions and consumer behavior impacting overall demand for electricity support.