The non-metallic minerals sector's final consumption of heat in Austria experienced significant fluctuations from 2013 to 2023. The period from 2013 to 2016 saw a decline, with year-on-year decreases peaking at -9.74% in 2015. However, a sharp increase of 206.96% was observed in 2017, marking a significant recovery. This growth trend continued, albeit with minor fluctuations, leading to an 11.26% year-on-year increase in 2019. Despite a slight decrease in 2020, the sector bounced back with a 20.27% increase in 2021. By 2023, the value stood at 68.33 terajoules, showing a mild but steady upward trend.
Looking ahead, the sector is forecasted to experience moderate growth, with a projected average annual growth rate (CAGR) of 1.86% over the next five years, culminating in a total growth rate of 9.65% by 2028. It is crucial to watch for:
- The impact of technological advancements on energy efficiency in the sector.
- Potential regulations affecting energy consumption and sustainability measures.
- Market demand fluctuations influenced by economic conditions and construction activities.