The final consumption of primary solid biofuels in Germany's machinery sector is projected to rise from an actual figure of 1.80 thousand terajoules in 2023 to 2.06 thousand terajoules by 2028. Year-on-year growth from 2024 to 2028 shows a gradual increase with variations ranging around 2.5% to 2.1%. The Compound Annual Growth Rate (CAGR) over this period is anticipated to be approximately 2.6%, indicating consistent growth in the sector.
Future trends to watch for include:
- Increased adoption of biofuels due to stricter environmental regulations.
- Technological advancements lowering biofuel production costs.
- Potential supply chain disruptions affecting biomass availability.
- Policy shifts post-2028 that could accelerate or decelerate biofuel consumption.