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.