Key Market Indicators
Germany’s energy consumption is projected to decline slightly to 12.4 exajoules by 2026. This would represent a 0.6% year-on-year decrease on average since 1970. In 2021, Canada topped the ranking with 12.6 exajoules, while Germany held seventh place. The United States, India and Russia came in second, third and fourth respectively. Meanwhile, the country’s energy supply is forecast to reduce to 252.5 million tonnes of oil equivalent by 2026, a 1.3% CAGR year-on-year decline since 1965. Iran overtook Germany in 2021, with 264.8 million tonnes of oil equivalent. The United States, India and Russia placed second, third and fourth respectively.
Germany Energy Market Data and Forecasts
What is the size of the German Energy Market in 2022?
How much will Germany Energy Market grow to 2026?More in Energy Industry for 2027
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The dairy industry's dynamics have evolved remarkably in the recent years, with significant changes observed in the market segments of milk fat and oil. Demand modification has been fueled by evolving consumer preferences, partially attributable to an augmenting health and wellness trend. These shifts are disrupting traditionally held notions about...Read more
Market dynamics in the production and sale of milk fat and oil components are influenced by various significant factors. Predominantly, changes in dietary behaviors, health awareness, demand for organic products, and cultural preferences shape consumption trends. Moreover, technological advancements in processing and distribution, which offer efficiency and extended product lifecycle,...Read more
The coal tar market forms an integral part of the chemical sector with implications for various industrial applications. Future prospects indicate a steady growth trajectory primarily driven by demand from the construction and building industry, heavy metallurgy, and healthcare segments. However, the trade-off between coal tar’s industrial use and its...Read more
Utilities within the oil and gas industry are undergoing tremendous transformation due to various emerging trends. Technology advancements including artificial intelligence, machine learning and Big Data are reshaping the operations of this sector. Digitalisation is simplifying processes while improving efficiency and sustainability. Incorporation of renewable energy sources reduces reliance on...Read more
The energy sector is presently in a state of continual transformation. The ongoing shift towards renewable resources like wind, solar, and hydropower is perhaps the most notable trend. This transformation is not only due to environmental considerations, but also in response to potential cost savings and energy independence offered by...Read more