The non-ferrous metals sector in Germany is expected to see a slight decline in electricity consumption from 2024 to 2028. In 2023, the consumption was reported at 1.26 Million Tonnes of Oil Equivalent. From 2024 onwards, it is anticipated to decrease gradually, reaching 1.23 Million Tonnes by 2028.
The year-on-year variation indicates a steady reduction, with a decline of approximately 0.79% from 2026 to 2027 and a similar rate between 2027 and 2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period shows a minor downward trend due to ongoing efficiency improvements and potential shifts in production methods.
Future trends to observe in this sector include:
- Advancements in energy-efficient technologies affecting consumption rates.
- Potential impacts of regulatory changes on energy usage and sustainability practices.
- The influence of global economic conditions on production demands and electricity needs.