In 2023, Italy led European geothermal energy supply with significant contributions, followed by Iceland and France. Germany showed substantial growth at 8.67%, while the Netherlands increased its supply share by 14.98%. Conversely, Iceland witnessed a notable decline of 43%. Emerging markets like Croatia exhibited impressive growth at 42.41%, indicating potential in untapped regions. Conversely, established markets such as Macedonia and Denmark experienced declines of 7.07% and 8.75%, respectively.
Future trends to watch for include:
- Continued expansion in the Netherlands, driven by technological advancements and favorable policies.
- Potential stabilization and strategic growth in Iceland's geothermal sector to regain its prior status.
- Growth opportunities in underdeveloped geothermal markets like Croatia and Romania.
- Increased collaboration between European countries to enhance geothermal technology and shared resources.
Top countries in Geothermal Power Energy Supply Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 47.88 | 2023 | +1.43% | -0.054% | View data |
| 2 | 2 Iceland | 36.58 | 2023 | +1.51% | -0.43% | View data |
| 3 | 3 France | 4.47 | 2023 | +3.7% | +3.02% | View data |
| 4 | 4 Germany | 4.05 | 2023 | +6.91% | +8.67% | View data |
| 5 | 5 Portugal | 1.76 | 2023 | +2.79% | -1.23% | View data |
| 6 | 6 Netherlands | 1.59 | 2023 | +8.4% | +14.98% | View data |
| 7 | 7 Hungary | 1.46 | 2023 | +2.62% | +2.82% | View data |
| 8 | 8 Croatia | 0.48 | 2023 | +4.58% | +42.41% | View data |
| 9 | 9 Romania | 0.38 | 2023 | +14.17% | +1.8% | View data |
| 10 | 10 Austria | 0.35 | 2023 | +2.83% | +0.049% | View data |
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