Forecast: Renewables and Biofuels Final Consumption in Non-Metallic Minerals Sector in Italy

The consumption of renewables and biofuels in Italy's non-metallic minerals sector is forecasted to grow from 10.63 thousand terajoules in 2024 to 11.44 thousand terajoules by 2028. Comparing the forecast for 2024 with actual data from 2023 indicates a growth in energy consumption. The year-on-year growth rates from 2024 onward are 1.88% (2025), 1.94% (2026), 1.81% (2027), and 1.78% (2028). The compound annual growth rate (CAGR) from 2024 through 2028 is approximately 1.85%, reflecting a steady increase in renewable energy usage in this sector.

Future trends to watch for include:

  • Technological advancements that could drive further efficiency and adoption of renewables.
  • Potential impacts of regulatory changes and government incentives aimed at reducing carbon emissions.
  • Market dynamics, including fluctuations in supply chains and raw material costs affecting the sector's energy consumption patterns.

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