In 2023, Japan's geothermal and biomass energy consumption stood at 0.47 Exajoules. Based on the forecast, energy consumption values are expected to increase moderately from 2024 to 2028. In 2024, the consumption is projected to be 0.48 Exajoules, a 2.13% increase year-on-year from 2023. The subsequent years show gradual increments: 0.49 Exajoules in both 2025 and 2026, 0.50 Exajoules in 2027, and 0.51 Exajoules in 2028. The year-on-year variations from 2024 are 2.08% in 2025, 0.00% in 2026, 2.04% in 2027, and 2.00% in 2028. The compound annual growth rate (CAGR) over the five-year forecast period from 2024 to 2028 is approximately 1.67%.
Future trends to monitor include advancements in geothermal technology and biomass resource efficiency, government policies promoting renewable energy, and potential shifts in energy demand due to economic and societal changes. Additionally, any significant investments or partnerships within the sector could greatly influence these forecasts.
