Forecast: Chemical and Petrochemical Sector Final Consumption of Electricity in Austria

Based on available data, in 2023, the chemical and petrochemical sector in Austria consumed 5.15 Thousand Gigawatthours of electricity. For 2024, consumption is expected to be 5.23, marking a year-on-year increase of approximately 1.6%. The trend continues with incremental rises: 1.33% in 2025, 1.51% in 2026, 1.30% in 2027, and 1.47% in 2028. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 stands at approximately 1.44% per year.

Future trends to watch for:

  • Incorporation of energy-efficient technologies within the sector.
  • Regulatory changes focusing on reducing carbon emissions, influencing electricity consumption patterns.
  • Adoption of renewable energy sources impacting the overall electricity mix and consumption.