In 2023, Japan's total renewable energy supply in terms of Total Primary Energy Supply stood at X%. The forecast data from 2024 to 2028 shows a consistent upward trend. Specifically, the value is expected to increase from 8.27% in 2024 to 9.88% in 2028.
The year-on-year variations from 2025 to 2028 show a stable growth pattern, with the forecasted percentage increasing by approximately 4.8% to 5.0% each year. Over the last two years, from 2023 to 2024, there was a noticeable incline, which indicates a growing emphasis on renewable energy.
Examining the Compound Annual Growth Rate (CAGR) over the forecast period from 2024 to 2028, the average annual increase is around 4.6%. This consistent growth trajectory highlights Japan's commitment to expanding its renewable energy sector.
Future Trends to Watch For:
- Adoption of new renewable technologies and infrastructure investments.
- Government policies and incentives that support renewable energy development.
- Continued advancements in solar and wind energy efficiencies.
- Public and private sector collaborations aimed at sustainability goals.
- Impact of global energy market fluctuations on local renewable energy investments.