In 2023, the wood and wood products sector's final consumption of renewables and biofuels in Germany stood at 15.66 thousand gigawatthours. Forecasted values from 2024 to 2028 indicate a steady increase, with a compound annual growth rate (CAGR) of approximately 2%. The projections suggest growing adoption and integration of renewable energy sources within the sector, maintaining a consistent upward trend.
Future trends to watch for include:
- Potential policy changes or technological innovations that could accelerate this growth.
- The sector's response to global environmental targets and regulations.
- Economic factors that may influence the rate of renewables adoption.