The forecasted data on fossil energy consumption in Germany's iron and steel sectors shows an annual decrease from 2024 to 2028. Starting from 62.06 thousand GWh in 2024, the consumption is projected to fall to 56.64 thousand GWh by 2028. This represents a cumulative annual growth rate (CAGR) characterized by a steady decline over these years. In 2023, the actual consumption was higher, indicating a downward trend driven by technological advancements and increased adoption of renewable energy sources.
Future trends to watch for include:
- Further developments in clean energy technologies.
- Policy changes promoting sustainability within the industrial sectors.
- Global market demands influencing iron and steel production processes.
