In 2023, the commercial and public services sector in Italy consumed an estimated 32.5 Thousand Gigawatthours of renewables and biofuels. The subsequent forecast for 2024 to 2028 shows a steady annual increase, with consumption expected to reach 37.04 by 2028. Year-on-year growth from 2024 to 2028 reveals a consistent increase of approximately 2.8%, 2.7%, 2.5%, and 2.5% for each consecutive year. The compound annual growth rate (CAGR) over five years is estimated at 2.6%, indicating a moderate and consistent rise in consumption.
Future trends to watch for:
- Technological advancements in renewable energy could accelerate growth beyond current projections.
- Italy's commitment to EU's energy targets may drive increased policy support and investments in renewables.
- Economic factors, including energy prices and government policy changes, could impact consumption patterns.