Italy leads European geothermal power consumption, showing a minor decline of 5.4% in 2023. Iceland follows, with a more significant reduction of 43%. France and Germany, while having lower consumption, exhibited growths of 3.03% and 8.72%, respectively. Notable positive shifts are seen in the Netherlands with an increase of 15.04%, Hungary at 2.27%, and Croatia with a remarkable 41.31% rise. Conversely, countries like Portugal (-1.64%), Austria (-0.58%), Slovakia (-3.69%), Macedonia (-3.73%), Serbia (-17.39%), and Denmark (-8.65%) experienced declines. Poland (4.86%), Greece (3.65%), Belgium (3.7%), and Bulgaria (2.02%) had moderate increases, while the UK and Spain saw marginal to no change.
Future trends to watch include technological advancements in geothermal energy extraction, policy changes supporting renewable energy initiatives, and investment patterns across Europe. An increase in geothermal power adoption is expected, driven by countries like the Netherlands and Croatia, indicating stronger growth in the sector.
Top countries in Geothermal Power Gross Inland Consumption by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 5,410 | 2023 | +1.43% | -0.054% | View data |
| 2 | 2 Iceland | 4,130 | 2023 | +1.51% | -0.43% | View data |
| 3 | 3 France | 505.39 | 2023 | +3.78% | +3.03% | View data |
| 4 | 4 Germany | 458.38 | 2023 | +7.04% | +8.72% | View data |
| 5 | 5 Portugal | 194.8 | 2023 | +1.89% | -1.64% | View data |
| 6 | 6 Netherlands | 179.5 | 2023 | +8.56% | +15.04% | View data |
| 7 | 7 Hungary | 160.43 | 2023 | +1.25% | +2.27% | View data |
| 8 | 8 Croatia | 52.78 | 2023 | +2.71% | +41.31% | View data |
| 9 | 9 Romania | 42.85 | 2023 | +13.6% | +1.5% | View data |
| 10 | 10 Bulgaria | 38.28 | 2023 | +2.87% | +2.02% | View data |
