In 2023, the geothermal power final consumption in the chemical and petrochemical sectors in Germany stood at 2 Terajoules. The forecasted consumption from 2024 to 2028 remains constant at 2 Terajoules annually, indicating no year-on-year variation or five-year CAGR. This suggests a stagnation in the uptake or utilization of geothermal energy within these sectors over the forecasted period.

Future trends to watch for:

Technological advancements that could boost geothermal efficiency or cost-effectiveness.
Policy changes or incentives promoting renewable energy adoption in industrial applications.
Shifts in energy demand and supply dynamics in the sector influenced by market or regulatory developments.