In 2023, the actual final consumption of coke oven gas in Italy's iron and steel sector stood at 683.56 gigawatt-hours. Forecasts indicate a year-on-year decline starting with a 15.03% decrease in 2024, followed by continuous drops in the subsequent years: 14.22% in 2025, 16.45% in 2026, 19.48% in 2027, and a significant 23.98% in 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is negative, at -16.43%, indicating a significant reduction in consumption.
Trends to watch for in the future:
- Shift towards alternative energy sources in the iron and steel sectors due to environmental policies.
- Technological advancements that may reduce dependency on coke oven gas.
- Potential impacts of regulatory changes on energy consumption trends.