The consumption of liquefied petroleum gases (LPG) in Norway's industry is forecasted to increase steadily from 2.74 thousand gigawatt-hours in 2024 to 2.97 thousand gigawatt-hours by 2028. This represents an average compound annual growth rate (CAGR) of 2.04% over the five-year period, indicating a moderate and consistent rise in demand.
In 2023, the consumption stood at 2.68 thousand gigawatt-hours, marking an overall upward trend. Year-on-year analysis reveals an incremental growth of approximately 2.19% annually from 2024 to 2028.
Future trends to watch for include technological advancements, potential regulatory changes impacting LPG usage, and shifts in industrial energy consumption patterns due to sustainability initiatives and alternative energy sources.