In 2023, Iceland led European geothermal gross heat production, contributing significantly more than other countries, followed by France and Hungary. Notably, Germany showed the highest year-on-year growth at 11.17%, while Denmark experienced a decline of 8.65%. Over five years, the market has seen varied growth trends, with most countries reporting modest increases. Austria and Slovakia showed negative trends in 2023, indicating potential challenges in sustaining geothermal growth.
Future trends to watch include:
- Increased focus on sustainable energy which could drive growth in geothermal sectors across Europe.
- Technological advancements improving efficiency and scalability of geothermal projects.
- Policy and investment shifts in energy markets promoting renewable energy sources.
Top countries in Geothermal Power Gross Heat Production Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 72 | 2023 | +3.33% | +3.55% | View data |
| 2 | 2 France | 14.07 | 2023 | +3.85% | +5% | View data |
| 3 | 3 Hungary | 5.68 | 2023 | +2.11% | +3.71% | View data |
| 4 | 4 Germany | 4.17 | 2023 | +7.99% | +11.17% | View data |
| 5 | 5 Italy | 2.06 | 2023 | +2.83% | +4.99% | View data |
| 6 | 6 Austria | 1.03 | 2023 | +1.35% | -0.5% | View data |
| 7 | 7 Romania | 0.51 | 2023 | +2.79% | +2.36% | View data |
| 8 | 8 Slovakia | 0.26 | 2023 | +1.67% | -2.12% | View data |
| 9 | 9 Belgium | 0.1 | 2023 | +0.0064% | +1.28% | View data |
| 10 | 10 Denmark | 0.065 | 2023 | +8.23% | -8.65% | View data |
