The final consumption of coke oven gas in Germany's chemical and petrochemical sectors is forecasted to decline steadily from 2024 through 2028. In 2023, the consumption was measured at 415.45 Gigawatthours. Year-on-year, the forecast reveals a decrease of about 6% annually. The compound annual growth rate (CAGR) suggests a reduction of approximately 8% per annum over the five-year period.
Future trends to watch for:
- Shift towards renewable energy sources affecting coke oven gas consumption.
- Technological advancements in energy efficiency and alternative fuels.
- Policy changes regarding carbon emissions and sustainability initiatives.
- Potential impacts of economic and geopolitical factors on the industry demand.
