Forecast: Machinery Sector Final Consumption of Renewables and Biofuels in Germany

In 2024, the machinery sector in Germany is projected to consume 60.35 thousand tonnes of oil equivalent in renewables and biofuels, forecasting a growth in consumption until 2028 reaching 67.1 thousand tonnes. Compared to 2023, where consumption was lower, the sector shows a consistent upward trend. Year-on-year, from 2024 to 2028, the consumption is expected to grow incrementally, reflecting the machinery sector's shift towards sustainable energy sources. The compound annual growth rate over these five years indicates a steady increase, averaging over two percent annually.

Future trends to watch include:

  • Advancements in renewable technology improving energy efficiency.
  • Policy changes and incentives pushing for wider adoption of biofuels.
  • Potential disruptions from global supply chain changes affecting biofuel availability.
  • Innovation in energy storage and distribution enhancing sector uptake.

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