The consumption of renewables and biofuels in Italy's industry is projected to grow steadily from 2024 to 2028. In 2023, the actual consumption stood at 5.54 thousand gigawatthours. From 2024 onwards, forecasts indicate a year-on-year percentage increase of approximately 1.9% to 2025, followed by successive annual growth rates of around 1.9% to 2.0%. Over the five-year forecast period from 2024 to 2028, the compound annual growth rate (CAGR) is estimated at 1.8%.
Future trends to watch for include potential technological advancements in renewable energy efficiency and policy shifts that may influence industry adoption rates. Additionally, Italy's commitment to climate targets could further drive increased consumption in the coming years. Monitoring such trends will be crucial for understanding the trajectory of renewables and biofuels usage in the industrial sector.
