In 2023, the consumption of renewables and biofuels in Italy's construction sector was recorded as 85 Terajoules. Starting from 2024, the forecast indicates a steady increase with the consumption expected to reach 93.94 Terajoules by 2028.
The year-on-year growth is as follows:
- 2024 sees a 2.82% increase from 2023.
- 2025 expects a growth of 2.45% from 2024.
- 2026 anticipates an increase of 1.96% over 2025.
- 2027 projects a 1.59% rise from 2026.
- 2028 forecasts a 1.28% growth compared to 2027.
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 2.05%.
Future trends to watch: The ongoing push for sustainability in construction, coupled with government incentives, is likely to drive further adoption of renewables. Technological advancements in biofuels may enhance efficiency and reduce costs, further increasing their appeal in the construction sector.
