In 2023, Sweden led in renewable and biofuel consumption with 55.76 TWh, showing a 2.44% increase year-on-year. The United Kingdom had a notable rise of 4.29%, while Norway and Ireland saw increases of 7.32% and 0.69% respectively. In contrast, France and Portugal experienced slight declines. Hungary showed impressive growth at 11.0%, with Moldova and Montenegro also increasing by more than 4%. Iceland notably decreased by 18.83%, highlighting uneven progress across Europe.
Looking ahead, Europe's industry sector is likely to focus on the transition towards sustainable energy sources, driven by policy incentives and decarbonization goals. Countries with significant growth rates, like Hungary and Ukraine, will likely expand their renewable infrastructure, while high-consumption nations like Sweden and Finland will continue to solidify their leading positions. Watch for technological advancements and regulatory changes that could impact growth trajectories across different countries.
Top countries in Industry Sector Final Consumption of Renewables and Biofuels by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 55,760 | 2023 | +1.1% | +2.44% | View data |
| 2 | 2 Finland | 49,340 | 2023 | +1.61% | +0.49% | View data |
| 3 | 3 Germany | 35,360 | 2023 | +1.88% | +2.01% | View data |
| 4 | 4 Spain | 23,570 | 2023 | +0.86% | +0.84% | View data |
| 5 | 5 Poland | 20,950 | 2023 | +2.62% | +0.95% | View data |
| 6 | 6 United Kingdom | 16,910 | 2023 | +4.28% | +4.29% | View data |
| 7 | 7 France | 16,760 | 2023 | -0.098% | -0.55% | View data |
| 8 | 8 Austria | 14,710 | 2023 | +1.26% | +1.24% | View data |
| 9 | 9 Portugal | 11,700 | 2023 | -0.069% | -0.15% | View data |
| 10 | 10 Belgium | 8,580 | 2023 | +1.83% | +0.42% | View data |
