The UK’s transport equipment sector is forecasted to see a steady decrease in the consumption of natural gas from 17.31 Thousand Terajoules in 2024 to 15.31 Thousand Terajoules in 2028. This reduction reflects a consistent year-on-year decline, with the sector experiencing an average contraction (CAGR) over the five-year period. As of 2023, actual consumption was around 17.83 Thousand Terajoules, indicating a continuous downward trend.
Future trends to watch for include:
- A shift towards alternative fuels and increased electrification within the transport sector, potentially accelerating the decline in natural gas usage.
- Government policies promoting sustainability, which may impact natural gas consumption further.
- Technological advancements improving fuel efficiency and energy utilization within the sector.
