The forecast for energy consumption in the Kenyan industry shows a gradual decline over the next five years, starting from 5.97% of Total Energy Consumption in 2024 and decreasing year-on-year to 5.76% in 2028. The trend is clear, with a slight but consistent reduction in energy usage:
- From 2024 to 2025, there is a decrease of approximately 0.84%
- From 2025 to 2026, the reduction is around 1.01%
- From 2026 to 2027, it decreases by roughly 0.85%
- From 2027 to 2028, the decline is about 0.86%
The Compound Annual Growth Rate (CAGR) over the five-year period is indicative of an average annual decline, highlighting a steady but slow decrease in industrial energy consumption.
Future trends to watch for include advancements in energy efficiency technologies, shifts towards renewable energy sources, and potential regulatory changes aimed at reducing industrial energy consumption. These factors could accentuate the downward trend or potentially stabilize energy use depending on the industry's adaptation and governmental policies.
