The forecasted support for natural gas in Canada’s general services sector shows a consistent growth trajectory from 2024 to 2028. The expected values, ranging from $1.09 billion in 2024 to $1.78 billion in 2028, reflect an upward trend beginning from the baseline value in 2023. Over the last two years, the support increased by percentages of approximately 16.5% annually, indicating robust growth year-over-year. The compounded annual growth rate (CAGR) over these five years portrays a significant average yearly increase, underscoring the sector’s expansion.
Future trends to watch for include potential policy changes affecting natural gas usage, technological advancements aiming to increase energy efficiency, and shifts in demand due to emerging renewable energy preferences. Stakeholders should monitor these factors for their possible impact on market dynamics.
