In 2023, the inland consumption of geothermal power in Belgium was 151.0 Terajoules. The forecasted data for the years 2024 to 2028 shows a very slight upward trend, with values increasing marginally from 151.1 Terajoules in 2024 to 151.2 Terajoules in 2027 and remaining at that level in 2028. This represents a negligible year-on-year variation, indicating a stagnant consumption pattern.
Over the last two years, the consumption showed no significant variations, reflecting a stable yet unexciting growth trajectory. The Compound Annual Growth Rate (CAGR) over the next five years, from 2024 to 2028, is nearly flat, suggesting minimal annual average growth.
Future trends to monitor include advancements in geothermal technology, government renewable energy policies, and market dynamics in energy consumption patterns. Such factors could influence the otherwise stable trajectory of geothermal power consumption in Belgium. Expanded focus on sustainable practices and environmental policies could also impact future consumption rates.
