In 2023, the biogases energy supply in Belgium stood at 10.89 thousand terajoules, marking a 2.79% year-on-year growth from 2022. Observing the last two years, an average growth trend of around 2.85% year-on-year was noted. Over a five-year period from 2019 to 2023, the compound annual growth rate (CAGR) averaged 2.66%, indicating a steady increase in the biogases energy supply.
Looking towards the future, supply is forecasted to reach 12.32 thousand terajoules by 2028 with a forecasted five-year CAGR of 1.96%. This suggests a moderate yet stable growth rate over the next five years, culminating in a total growth of 10.22% from 2023 to 2028.
Future trends to watch for include:
- Emerging policies and regulations promoting renewable energy.
- Technological advancements in biogas production and utilization.
- Investment trends in biogas infrastructure and innovation.
- Market demand shifts influenced by environmental and economic factors.
