As of 2023, Germany's geothermal power gross inland consumption was 458.63 thousand tonnes of oil equivalent. The forecast indicates a steady upward trend from 2024 to 2028, with a projected year-on-year increase of approximately 6.11% in 2024, followed by 6.11%, 5.73%, 5.39%, and 5.08% in the subsequent years respectively. The Compound Annual Growth Rate (CAGR) over this five-year period is estimated at around 5.68%, reflecting a consistent annual growth in geothermal energy consumption.
Future trends to watch for include the impact of technological advancements on production efficiency, government policies aimed at enhancing renewable energy adoption, and potential investments in geothermal infrastructure. These factors could significantly influence consumption trends, either accelerating growth or introducing new market dynamics.
