The geothermal power final consumption in the machinery sector in Germany is forecasted to rise steadily from 49.0 tonnes of oil equivalent in 2024 to 82.0 tonnes of oil equivalent by 2028. This represents a year-on-year growth of approximately 18.4% in 2025, 13.8% in 2026, 12.1% in 2027, and 10.8% in 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is about 11.2%. In 2023, the consumption stood lower, signifying an upward trend driven by a growing emphasis on sustainable energy sources in industrial applications.
Future trends to watch for include:
- Regulatory developments favoring renewable energies.
- Technological advancements improving geothermal efficiency.
- Potential shifts in the energy policy landscape in Germany.
