The final consumption of heat in Denmark's iron and steel sector has shown significant fluctuations over the observed period. From 2013 to 2015, there was a clear downward trend, with consumption dropping dramatically. However, this was followed by a recovery from 2016 to 2018, reflecting moderate increases. Since 2019, the consumption has stabilized around 172-173 Terajoules. In 2023, the consumption stood at 172.76 Terajoules. The year-on-year variation for the last two years shows a slight decline of approximately 0.1%. The overall CAGR over the past five years is around -0.7%. Moving into the forecast period until 2028, a minor decremental trend is expected, with a forecasted 5-year CAGR of around -0.04%.
Future trends to watch for:
-Potential impacts of green technology adoption on energy efficiency.
-Policy changes related to industrial heat consumption and sustainability targets.
-Global market demands influencing production volumes in the iron and steel sector.
-Potential advancements in renewable energy sources interfacing with industrial heat systems.