The European industry sector's final consumption of geothermal power showcases significant disparities among countries. In 2023, Iceland led the region, consuming 498.04 Terajoules, albeit with a slight year-on-year decline of 0.81%. Hungary increased its consumption by 4.24% to 80 Terajoules. Italy experienced a growth of 5.83% with a consumption of 60.81 Terajoules, while Romania displayed a marked increase of 16.95%, reaching 35.69 Terajoules. Greece and Germany reported static consumption levels at 5 Terajoules and 2 Terajoules, respectively.
Future trends to watch for in European geothermal power consumption include:
- The development of new technologies and infrastructure to harness geothermal energy more efficiently.
- Potential growth in German and Greek markets as they explore renewable energy options.
- Sustained investments in geothermal projects in Central and Eastern Europe, potentially increasing consumption in coming years.
Top countries in Industry Sector Final Consumption of Geothermal Power by Country
| # | 6 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 498.04 | 2023 | +0.32% | -0.81% | View data |
| 2 | 2 Hungary | 80 | 2023 | +3.9% | +4.24% | View data |
| 3 | 3 Italy | 60.81 | 2023 | +2.92% | +5.83% | View data |
| 4 | 4 Romania | 35.69 | 2023 | +19.11% | +16.95% | View data |
| 5 | 5 Greece | 5 | 2023 | 0% | 0% | View data |
| 6 | 6 Germany | 2 | 2023 | 0% | View data |
