As of 2023, the production volume for Electricity, Gas, Steam, and Air Conditioning Supply in the US was approximately USD 500 billion. Forecasts predict a steady growth from USD 503.79 billion in 2024 to USD 516.57 billion in 2028. The year-on-year growth rate stands at about 0.65% annually, demonstrating a modest but consistent increase. The Compound Annual Growth Rate (CAGR) over the five-year period through 2028 is approximately 0.65%, indicating a stable upward trajectory.
Future trends to monitor include technological advancements in renewable energy, shifts in regulatory policies, and potential economic factors that could influence energy demand. Market players should also consider the impact of sustainability initiatives and evolving consumer preferences.
