Forecast: Total Support on Natural Gas for Residential in the US

In 2023, total support on natural gas for residential purposes in the US was approximately $1.12 billion. From 2024, a forecasted decline is anticipated, with values decreasing year-on-year to $0.706 billion by 2028. This reflects a compound annual growth rate (CAGR) of approximately -9.14% from 2024 to 2028, highlighting a significant reduction in financial support.

Future trends to watch for include:

  • Potential shifts in government policies increment or renewal strategies to support renewable energy adoption.
  • Technological advancements in energy efficiency which might further reduce dependence on natural gas.
  • Price fluctuations influenced by geopolitical events impacting global energy supplies.
  • Consumer preference shifts towards more sustainable energy options.

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