In 2023, the final consumption of fuel oil in Germany's machinery sector stood at 22.00 Gigawatthours. Since then, a year-on-year growth is observed with 2024 at 22.22 GWh, projected to steadily increase to 23.05 GWh by 2028. The consistent growth equates to an estimated CAGR of 0.92% for the period 2023-2028, indicating a gradual incline in fuel oil consumption.
Future trends to watch for:
- Adoption of alternative energy sources, potentially impacting fuel oil demand.
- Government policies on carbon emissions that may affect the machinery sector's energy choices.
- Technological advancements leading to more fuel-efficient machinery.