Forecast: Mining and Quarrying Sector Final Consumption of Electricity in Germany

The mining and quarrying sector's electricity consumption in Germany was 1.73 thousand gigawatt-hours in 2023. Forecasted figures for 2024 to 2028 show a slight decreasing trend, starting at 1.72 and tapering to 1.7 thousand gigawatt-hours. The year-on-year variations indicate minimal decreases, with a Compound Annual Growth Rate (CAGR) nearing 0% over five years, reflecting a stagnant trend.

Future trends to watch for:

  • The influence of regulations on energy efficiency and sustainability initiatives in reducing electricity demand.
  • Technological advancements potentially leading to more efficient energy use in mining operations.
  • External factors such as economic shifts or policy changes affecting the sector's energy consumption.

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