Serbia Geothermal Energy Industry Outlook 2022 - 2026

Key Market Indicators

Serbian demand for geothermal energy is set to reach 239.81 terajoules by 2026, growing from 219.44 terajoules in 2021, according to a report by the National Statistical Office. This is an average growth rate of 1.3% year on year. Since 2012, demand for geothermal energy in Serbia has risen by 0.4% on an annual basis. In 2021, Serbia was the leading consumer with 219.44 terajoules and was followed by three others in this ranking. Serbian geothermal generation is also expected to reach 67.89 gigawatt-hours by 2026, growing from 62.18 gigawatt-hours in 2021, with an average year on year growth rate of 1.4%. Since 2012, Serbian geothermal supply has increased 0.8% annually. Serbia was the leader in 2021, producing 62.18 gigawatt-hours, and was followed by three other countries in this ranking.

Serbia Geothermal Energy Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

• Geothermal Energy: Unearthing the Potential for Sustainable Power and Heat Generation

  In the pursuit for sustainable and clean power generation alternatives, geothermal energy, harnessing the earth's inner heat, emerges as a potentially reliable and untapped resource. Although it remains a modest player in the global energy market, its potential is increasingly recognized due to attractive characteristics like limitless supply and base-load...

  Discover more insights