The output of electricity, gas, steam, and air conditioning supply in France displayed fluctuating trends from 2013 to 2023. In 2014, there was a significant decline of 5.88% followed by minor adjustments until a substantial recovery in 2017 with a 7.44% increase, and an exceptional 10.46% growth in 2018. The year-on-year growth rate stabilized around 1.55% by 2023, reflecting cautious optimism. The Compound Annual Growth Rate (CAGR) between 2019 and 2023 was modest at 0.41%, highlighting a period of steady but slow growth.
Looking ahead to 2024 and beyond, forecasts predict further growth with a 5-year CAGR of 1.13%, suggesting a continued upward trajectory with anticipated output reaching 136.78 billion euros by 2028.
Future trends to watch for:
- Technological advancements in renewable energy and smart grids.
- Policy changes and EU regulations impacting fossil fuel usage and carbon emissions.
- Market demand shifts driven by electrification of transport and industry.