In 2024, the forecast for total support on all fossil fuels for residential use in Canada is valued at $305.86 million USD, maintaining steady growth from previous years. Annually, the forecasted values exhibit a progressive increase: $316.82 million in 2025, $327.73 million in 2026, $338.58 million in 2027, and $349.37 million in 2028. From 2024 to 2028, the Compound Annual Growth Rate (CAGR) is expected to reflect a consistent upward trend, indicating sustained investment and reliance on fossil fuels in the Canadian residential sector.
Future trends to watch for include the increasing impact of environmental policies on fossil fuel support, shifts in consumer energy preferences towards renewable sources, and advancements in technology that may alter consumption patterns.
