The forecasted final consumption of geothermal power by the fishing sector in France shows a consistent upward trend from 2024 to 2028. In 2023, the actual consumption was 364.8 Terajoules. From 2024, the sector is expected to experience year-on-year growth, beginning with a 2.45% increase in 2024, followed by a steady rise with percentage increments of approximately 2.37% annually till 2028. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is anticipated to be around 2.36%, indicating sustained growth in geothermal power consumption in the sector.
Future trends to watch for:
- Advancements in geothermal technology that could further reduce costs and increase efficiency.
- Policy changes that could incentivize the use of renewable energy sources within the fishing sector.
- Market demand for sustainable seafood production, potentially driving further investment in geothermal energy.
- Environmental regulations that may mandate a shift away from traditional energy sources.
- Potential economic impacts due to fluctuations in the wider energy market.