In 2023, Sweden led the European industry sector in final consumption of renewables and biofuels with the highest share, showing a year-on-year increase of 2.44%. Finland and Germany also demonstrated significant consumption but with slower growth rates. Countries like Czech Republic (5.07% increase) and Hungary (11% increase) displayed noteworthy growth in renewable consumption, highlighting their transition towards sustainable energy. On the other hand, nations such as the Netherlands and Greece exhibited declines. Recent CAGR analysis points towards an upward trend in renewable adoption across most nations over the past five years, particularly in Eastern Europe.
Looking ahead, expect continued growth in renewable consumption driven by EU sustainability policies and technological advancements. Watch for intensified adoption in Eastern Europe and potential policy-driven accelerations in Western Europe, aiming for a balanced energy transition and increased energy security across the EU. Enhanced focus on improving infrastructure and investment in biofuel technology will be key future trends.
Top countries in Industry Sector Final Consumption of Renewables and Biofuels Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 18.2 | 2023 | +1.1% | +2.44% | View data |
| 2 | 2 Finland | 16.1 | 2023 | +1.61% | +0.49% | View data |
| 3 | 3 Germany | 11.54 | 2023 | +1.88% | +2.01% | View data |
| 4 | 4 Spain | 7.69 | 2023 | +0.86% | +0.84% | View data |
| 5 | 5 Poland | 6.84 | 2023 | +2.62% | +0.95% | View data |
| 6 | 6 United Kingdom | 5.52 | 2023 | +4.28% | +4.29% | View data |
| 7 | 7 France | 5.47 | 2023 | -0.098% | -0.55% | View data |
| 8 | 8 Austria | 4.8 | 2023 | +1.26% | +1.24% | View data |
| 9 | 9 Portugal | 3.82 | 2023 | -0.069% | -0.15% | View data |
| 10 | 10 Belgium | 2.8 | 2023 | +1.83% | +0.42% | View data |
