The forecast for renewables and biofuels final consumption in the non-metallic minerals sector in the UK shows a consistent upward trajectory from 2024 to 2028. In 2023, this value stood at approximately 2.8 Thousand Gigawatt hours. The forecasted growth from 2024 to 2028 indicates a steady increase in consumption, with a Compound Annual Growth Rate (CAGR) of around 4.3% over the five-year period. Year-on-year variations consistently reflect this positive trend: a rise of about 4.7% from 2024 to 2025, 4.5% from 2025 to 2026, 4.6% from 2026 to 2027, and 3.8% from 2027 to 2028.
Future trends to watch for include:
- The potential impact of technological advancements in renewable energy efficiency and its integration into industrial processes.
- Policy changes that could either accelerate or decelerate the uptake of renewables in the sector.
- Shifts in the cost dynamics of renewable energy versus traditional energy sources that might influence adoption rates.
