European Geothermal Energy Trends in 2024
Geothermal Energy is part of Renewable Energy and includes a number of sub-sectors such as Geothermal Heating. You may also be interested in Solar Energy, Wind Power and Hydropower.
European geothermal generation is projected to reach approximately 134,300 gigawatt-hours by 2028, up from about 131,200 gigawatt-hours in 2023, marking a modest growth rate of 0.4% annually. However, since 2019, the continent's geothermal supply has experienced a slight decline of 0.1% per year. Leading the charge in geothermal generation is Italy, which produced around 62,900 gigawatt-hours in 2023. Iceland, France, and Germany followed as the second, third, and fourth largest producers, respectively. Notably, Croatia saw a significant increase, surging by 41.2% year on year, while Serbia's output has dropped by 17.4% since 2019. In terms of geothermal energy consumption, Europe is set to reach about 482,200 terajoules by 2028, up from roughly 472,700 terajoules in 2023, also reflecting a 0.4% annual growth rate. Since 2019, demand across the continent has decreased slightly by 0.1% each year. Italy again leads the pack in geothermal energy consumption, with an estimated 226,300 terajoules in 2023. Iceland, France, and Germany rank second, third, and fourth, respectively. Croatia experienced a remarkable year-on-year growth of 41.9%, contrasting sharply with Serbia, which has seen a 17.3% decline since 2019.
Top 10 countries
In 2024 major markets in the Geothermal Energy Industry were:
World Geothermal Energy Market Data and Forecasts
How much the Geothermal Energy industry is expected to grow to 2028?
World Geothermal Energy Top Rankings
Global Geothermal Energy Statistics
- Final Consumption Expenditures 222 countries (Europe, Southern Europe, Eastern Europe...)
- Electricity Generation 176 countries (Europe, Southern Europe, Eastern Europe...)
- Bioenergy Consumption 233 countries (Europe, Southern Europe, Africa...)
- Geothermal Energy Consumption 41 countries (Europe, Southern Europe, Eastern Europe...)
- Geothermal Generation 28 countries (Europe, Southern Europe, Eastern Europe...)
- Energy Supply 179 countries (Europe, Southern Europe, Eastern Europe...)
- Electricity Capacity 52 countries (Europe, Southern Europe, Northern Europe...)
- Household Consumption Expenditure 211 countries (Europe, Northern Europe, Southern Europe...)
- Geothermal Capacity 22 countries (Kenya, Philippines, Indonesia...)
