Fossil energy consumption in the UK machinery sector is projected to decrease steadily from 2024 through 2028, with a compound annual growth rate (CAGR) of approximately -1.1%. In 2023, the actual consumption stood higher than the forecast values for 2024 and beyond, highlighting a consistent downward trend in fossil energy use. The year-on-year variations reflect a moderate decline, aligning with ongoing sustainability efforts and shifts towards renewable energy sources.
Future trends to watch include potential policy changes that could accelerate the transition to cleaner energy, technological advancements in machinery efficiency, and shifts in industrial demand patterns due to economic or environmental motivations.
