Renewables and biofuels final consumption in construction in Germany showed no activity from 2013 to 2017. Starting in 2018, a significant increase is observed with a peak in 2020. The consumption stood at 864.14 Gigawatthours in 2023. Over the last two years, there was a year-on-year increase of 14.1% in 2022 and 4.87% in 2023. The compound annual growth rate (CAGR) over the past 5 years was 8.21%.
Moving forward, the forecasted trend until 2028 suggests a more moderate growth with a 5-year CAGR of 1.64%, leading to an overall 5-year growth rate of 8.46%. Key trends to watch include:
- Technological advancements in renewable energy applications within construction.
- Government policies and incentives promoting green construction practices.
- Investment patterns in renewable energy infrastructure in the construction sector.