In 2023, Germany's industry sector final consumption of renewables and biofuels was 3.04 Million Tonnes of Oil Equivalent. From 2024 to 2028, there is a gradual increase in consumption with a compound annual growth rate (CAGR) for the five-year period of approximately 1.42%. Year-on-year increases are modest, indicating stable growth: 1.94% in 2025, 1.59% in 2026, 1.88% in 2027, and 1.53% in 2028.
Future trends to watch include:
- Technological advancements in renewable energy production.
- Policy shifts favoring renewable energy.
- Volatility in fossil fuel markets potentially accelerating renewable adoption.
- Investment trends in green technology.
