The forecast for fuel oil final consumption in the UK transport equipment sector shows a consistent decline from 2024 to 2028. Starting at 108.99 Gigawatthours in 2024, it reduces to 90.06 Gigawatthours by 2028. This indicates a year-on-year decrease of approximately 4-5%, demonstrating a steady downward trend. The compound annual growth rate (CAGR) over this forecast period also underscores a similar annual decrease.
Future trends to watch for include increased focus on renewable energy sources, policy shifts towards decarbonization, and technological advancements in transportation, which may further reduce fuel oil consumption in the sector.
