In 2023, electricity transformation output in Germany stood at 50.76 Million Tonnes Of Oil Equivalent (MTOE). The forecast data for 2024-2028 shows a steady but modest increase in output, with year-on-year growth rates approximating 0.26% annually. Over this period, the compound annual growth rate (CAGR) is expected to be around 0.24%.
Future trends to watch for include:
- Continued policy support for renewable energy adoption, potentially accelerating growth.
- Technological advancements in energy efficiency that could affect output levels.
- European climate goals and their impact on Germany's energy sector transformation.