In 2023, Germany led in consumption with 2.38 thousand terajoules, followed by Denmark, Serbia, and Sweden. Notable growth in 2023 was observed in Norway and Finland, while Lithuania and Serbia saw significant declines. Over the past five years, countries like Finland and Slovenia experienced consistent growth, whereas France and Lithuania faced declines. The consumption patterns indicate strong adoption in northern European countries, reflecting robust renewable policies and investments.
Future trends to watch include technological advancements in biofuels and the continued influence of government policies favoring renewable energy adoption, which may boost consumption, especially in lagging regions. Economic shifts and innovation are expected to drive more countries towards higher efficiency in renewable energy use within the machinery sector.
Top countries in Renewables and Biofuels Final Consumption in Machinery Sector by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,380 | 2023 | +2.54% | +1.47% | View data |
| 2 | 2 Denmark | 767.63 | 2023 | +0.93% | +8.88% | View data |
| 3 | 3 Serbia | 504.97 | 2023 | +2.45% | -14.66% | View data |
| 4 | 4 Sweden | 471.59 | 2023 | +1.88% | +15% | View data |
| 5 | 5 Austria | 365.88 | 2023 | -0.12% | +1.91% | View data |
| 6 | 6 Slovakia | 241 | 2023 | +5.56% | +1.26% | View data |
| 7 | 7 Romania | 229.97 | 2023 | +13.59% | -3% | View data |
| 8 | 8 Czech Republic | 222.85 | 2023 | +2.52% | +9.67% | View data |
| 9 | 9 Ukraine | 221 | 2023 | +17.55% | -8.84% | View data |
| 10 | 10 Hungary | 177 | 2023 | +2.91% | +5.41% | View data |
