The Mining and Quarrying Sector in France has shown a steady increase in the final consumption of renewables and biofuels with forecast data from 2024 to 2028. The anticipated consumption growth is reflected in the year-on-year increases of approximately 2% each year. In context, this sector consumed lesser energy in 2023, marking an upward trajectory beginning from the forecasted value in 2024. Over the five-year forecast period, the compound annual growth rate (CAGR) is estimated, further demonstrating a positive trend towards increased reliance on renewable energy sources.
Future trends to watch for include advancements in renewable technology adoption and increased regulation on carbon footprints, which could further drive consumption. Additionally, fluctuations in market prices of traditional energy sources may accelerate the transition towards renewables, impacting future forecasts.
