Forecast: Fossil Energy Final Consumption in Machinery Sector in Italy

In 2023, fossil energy final consumption in Italy's machinery sector stood at 15.98 thousand gigawatthours. The forecast from 2024 to 2028 shows a declining trend: a decrease from 12.47 in 2024 to 2.49 in 2028. The year-on-year variations show reductions of 21% from 2024 to 2025, 26% from 2025 to 2026, 33.6% from 2026 to 2027, and 48.8% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period suggests a strong annual decline of 35%.

Future trends to observe include the impact of shifting policy frameworks on fossil fuel usage and the acceleration of energy-efficient technologies, which might further expedite the reduction in fossil energy consumption within the machinery sector.

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