In 2024, the forecasted total support for natural gas in the residential sector in Canada stands at approximately 99.68 million USD in constant 2020 dollars, reflecting a gradual upward trend. By 2028, this value is expected to reach around 100.16 million USD. The year-on-year growth is relatively steady with slight increases each year, indicating a stable market for residential natural gas support. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) suggests a modest average yearly increase.
Key future trends to monitor include:
- The impact of government energy policies on the natural gas market.
- Technological advancements in natural gas efficiency for residential use.
- Shifts in consumer preferences toward more sustainable energy sources.
