In 2023, the gross heat production from renewables and biofuels in the UK stood just below the 153.8 thousand tonnes of oil equivalent forecasted for 2024. From 2024 to 2028, the forecast indicates a steady year-on-year increase in production, with percentage changes of approximately 5% annually, from 161.44 in 2025 to 183.46 in 2028. Over these five years, the compound annual growth rate (CAGR) is expected to average around 4.5%, highlighting a consistent upward trend in the sector.
Future trends to watch for include advancements in technology that could enhance energy conversion efficiency, fluctuating government incentives, and evolving consumer preferences towards sustainable energy sources, all of which could further accelerate growth in this sector.
