Over the past decade, natural gas final consumption in the UK construction sector has shown notable fluctuations. Between 2013 and 2014, consumption slightly decreased by 2.63%, only to surge significantly by 48.01% in 2015. This upward trend continued though with smaller increments in the following years, marked by a peak year-on-year growth of 8.23% in 2021. By 2023, natural gas final consumption in construction stood at 17.76 thousand terajoules, reflecting a steady increase with a year-on-year growth of 2.56%. Over the last five years, the compound annual growth rate (CAGR) has averaged at 2.37%, indicating a moderate but consistent rise.
For the forecasted data from 2024 onwards, there is an anticipated continuous increase in natural gas consumption. By 2028, the consumption is expected to reach 20.08 thousand terajoules, implying a forecasted five-year CAGR of 1.93% and a total growth rate of 10.03% over the same period. This highlights a steady upward trend in consumption, albeit at a slightly slower pace compared to past years.
Future trends to watch for include advancements in energy-efficient construction technologies, shifts towards alternative energy sources within the construction sector, and regulatory changes aimed at reducing carbon emissions. These factors could significantly influence natural gas consumption patterns in the coming years.