Geothermal power gross inland consumption in France showed significant growth with the value forecasted to rise from 523.7 in 2024 to 596.04 thousand tonnes of oil equivalent by 2028. Year-on-year growth rates are anticipated as follows: 3.48% from 2024 to 2025, 3.34% from 2025 to 2026, 3.22% from 2026 to 2027, and 3.10% from 2027 to 2028. The compounded annual growth rate (CAGR) over this five-year period is estimated at approximately 3.28%.
Future trends to watch for:
- Technological advancements in geothermal extraction which might further boost efficiency and production.
- Policy changes or incentives by the French government in renewable energy that could impact growth.
- Fluctuations in energy demand and climate policies which could influence geothermal adoption.