In 2024, the Netherlands leads in geothermal power consumption in Europe with 25.11 TJ, followed by Italy at 15.47 TJ and Germany at 13.76 TJ. Iceland and Hungary also show notable shares. Some countries, like Croatia and Macedonia, exhibit significant declines in consumption, with drops of 10.85% and 4.81%, respectively. Meanwhile, countries such as the Netherlands and Poland show positive growth with year-on-year increases of 14.98% and 4.85%. Major markets like the UK and Spain remain static with no change recorded in 2023.
Future trends to watch for include:
• Growth Potential: Countries with increasing consumption rates, like the Netherlands and Poland, could continue to drive growth in the sector.
• Stability & Decline: Nations such as Iceland and Italy need to address minor declines to maintain their market positions.
• Emerging Markets: Watch for potential recovery in countries experiencing significant drops, such as Croatia and Serbia, and their strategic shifts to renewable sources.
Top countries in Final Consumption of Geothermal Power Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 25.11 | 2023 | +8.4% | +14.98% | View data |
| 2 | 2 Italy | 15.47 | 2023 | -2.13% | -2.97% | View data |
| 3 | 3 Germany | 13.76 | 2023 | +3.11% | +2.91% | View data |
| 4 | 4 Iceland | 10.74 | 2023 | +7.21% | -1.16% | View data |
| 5 | 5 Hungary | 9.39 | 2023 | -1.16% | +0.31% | View data |
| 6 | 6 Bulgaria | 5.32 | 2023 | +2.5% | +1.85% | View data |
| 7 | 7 France | 5.09 | 2023 | -3.77% | -1.52% | View data |
| 8 | 8 Poland | 4.21 | 2023 | +2.85% | +4.85% | View data |
| 9 | 9 Romania | 3.78 | 2023 | +20.95% | +1.13% | View data |
| 10 | 10 Slovenia | 2.06 | 2023 | +7.57% | +1.68% | View data |
