The machinery sector's final consumption of natural gas in Germany is forecasted to show a slight declining trend from 2024 to 2028, starting at 1.71 million tonnes of oil equivalent in 2024 and decreasing to 1.68 by 2028. As of 2023, consumption stood at 1.72 million tonnes, marking a slow but consistent decrease over the forecast period.
Key percentages:
- 2024-2025: Decline of approximately 0.6%.
- 2025-2026: No change, maintaining stability.
- 2026-2027: Approximately 0.6% decline.
- 2027-2028: Approximately 0.6% decline.
- CAGR 2024-2028: Roughly -0.4%, indicating an annual average decrease.
Future trends to watch for include potential impacts of Germany’s energy transition policies, technological advancements in energy efficiency within the machinery sector, and broader shifts towards renewable energy sources that could further influence natural gas consumption patterns.
