In 2023, Sweden led in the gross heat production share from renewables and biofuels among European countries, despite moderate growth. Fast-rising nations included Denmark and Finland, both showing substantial year-on-year increases. Noteworthy progress was observed in Lithuania, Bulgaria, and Hungary, while Germany, a key player, experienced modest growth. Italy and Cyprus faced declines, while Luxembourg and Malta showcased notable upward trends. The Netherlands' significant surge was marked by a 16.32% increase. Remarkably, Serbia and Malta showed the highest growth percentages, signaling strong policy impacts.
Looking forward, Europe's renewable and biofuel sector is poised for continued growth, driven by policy support and technological advancements. Emerging countries like Serbia and Bulgaria should maintain momentum, while established leaders like Sweden might see more stable growth. Monitoring regulatory changes and investment trends will be crucial in predicting shifts in this landscape.
Top countries in Renewables and Biofuels Gross Heat Production Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 17.88 | 2023 | +1.77% | +1.97% | View data |
| 2 | 2 Denmark | 11.47 | 2023 | +5.32% | +5.9% | View data |
| 3 | 3 Finland | 10.93 | 2023 | +2.51% | +4.47% | View data |
| 4 | 4 France | 9.94 | 2023 | +4.38% | +4.6% | View data |
| 5 | 5 Germany | 9.04 | 2023 | +1.63% | +1.12% | View data |
| 6 | 6 Austria | 5.97 | 2023 | +5.62% | +5.46% | View data |
| 7 | 7 Iceland | 4.3 | 2023 | +2.79% | +3.3% | View data |
| 8 | 8 Italy | 3.98 | 2023 | +2.19% | -1.02% | View data |
| 9 | 9 Ukraine | 3.7 | 2023 | +0.2% | +0.79% | View data |
| 10 | 10 Netherlands | 3.34 | 2023 | +10.29% | +16.32% | View data |
