The final consumption of renewables and biofuels in the industry sector in Germany is projected to see a steady increase from 2024 through 2028. The 2024 value rests at 3.09 million tonnes of oil equivalent, representing a moderate growth from the previous years. From 2024 to 2028, the consumption is forecasted to rise to 3.31 million tonnes, indicating a consistent upward trajectory with a Compound Annual Growth Rate (CAGR) of approximately 1.74% over the forecast period.
Future trends to watch for:
- Continued advancements in renewable technology and infrastructure.
- Policy changes driven by European and international climate agreements.
- Fluctuations in global oil prices impacting biofuel competitiveness.
- Increased investment interest in green energy sectors.
