The forecasted geothermal and biomass energy consumption in Japan for 2024 is 42.2 Terawatthours, with a gradual increase observed each year, reaching 44.52 Terawatthours by 2028. In 2023, the actual consumption stood at 41.65 Terawatthours. Comparing 2023 to 2024, we see a year-on-year increase of 1.32%. For the subsequent years, growth rates are relatively stable, fluctuating around 1.4% to 1.7% annually. This steady growth leads to a Compound Annual Growth Rate (CAGR) of 1.64% over the 2024-2028 period.
Future trends to watch for include shifts in government policy favoring renewable energy, technological advancements that can drive efficiency, and potential changes in global energy markets that might affect Japan's energy strategy. Additionally, monitoring environmental impacts and public sentiment toward renewable energy developments will be critical.