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Hungary Geothermal Energy Industry Outlook 2024 - 2028

See how Hungary Geothermal Energy performed compared to key markets such as Italy, Iceland and France.

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Hungary's geothermal energy consumption is projected to rise to approximately 7,750 terajoules by 2028, up from around 6,900 terajoules in 2023. This represents an average annual growth rate of 1.9%. Historically, since 1995, Hungary's demand has increased at an average annual rate of 2.8%. In 2023, Hungary ranked seventh globally in geothermal energy consumption, with the Netherlands surpassing it at 6,900 terajoules. Leading the rankings were Iceland, France, and Germany, occupying the second, third, and fourth positions, respectively. On the generation side, Hungary’s geothermal energy production is expected to reach about 2,140 gigawatt-hours by 2028, up from roughly 1,910 gigawatt-hours in 2023, reflecting an average annual growth rate of 1.8%. Since 1995, Hungary's geothermal supply has grown at an average rate of 2.8% per year. In 2023, Hungary also held the seventh spot in geothermal energy generation, with the Netherlands again ranking ahead at 1,910 gigawatt-hours. Iceland, France, and Germany maintained their positions in the second, third, and fourth spots, respectively.

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Hungary Geothermal Energy Market Data and Forecasts

How much will Hungary Geothermal Energy Market grow to 2028?

Forecast: Geothermal Power Energy Supply in Hungary
Forecast: Geothermal Power Production in Hungary
Forecast: Geothermal Power Gross Inland Consumption in Hungary
Forecast: Geothermal Power Gross Available Energy in Hungary
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