The forecast for the non-metallic minerals sector's final consumption of biogases in the UK shows a steady increase from 2024 to 2028, with values recorded in terajoules. Starting at 693 TJs in 2024 and reaching 813 TJs by 2028, the year-on-year growth rate ranges from approximately 4.5% to 3.7%. In 2023, biogas consumption in this sector stood at 666 TJs, indicating a positive progression into 2024. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is around 4%, reflecting consistent growth due to increasing adoption of biogas.
Future Trends to Watch For:
- Policy shifts towards renewable energy and sustainability might accelerate biogas consumption.
- Technological advancements could enhance biogas production efficiency, impacting future consumption positively.
- Economic factors such as cost competitiveness compared to other energy sources will significantly affect biogas sector dynamics.