The 2024 forecast for European Geothermal Power Final Consumption in Industry highlights Iceland as the leader with 138.35 GWh, followed by Hungary (22.12 GWh) and Italy (16.88 GWh). Romania shows significant growth with 9.9 GWh, while Greece (1.47 GWh) and Germany (0.6 GWh) lag behind. Year-on-year variations from 2023 show declining trends in Iceland (-0.81%) and stability in Germany (0.0%). Conversely, Hungary, Italy, Romania, and Greece exhibit growth rates of 4.14%, 5.82%, 16.95%, and 1.14%, respectively.
Future trends to watch include technological advancements, policy incentives, and increased investments which could drive further adoption of geothermal power in European industries, particularly in countries currently showing strong growth rates like Romania and Italy.
Top countries in Geothermal Power Final Consumption in Industry by Country
| # | 6 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 138.35 | 2023 | +0.32% | -0.81% | View data |
| 2 | 2 Hungary | 22.12 | 2023 | +2.88% | +4.14% | View data |
| 3 | 3 Italy | 16.88 | 2023 | +2.9% | +5.82% | View data |
| 4 | 4 Romania | 9.9 | 2023 | +19.09% | +16.95% | View data |
| 5 | 5 Greece | 1.47 | 2023 | +2.8% | +1.14% | View data |
| 6 | 6 Germany | 0.6 | 2023 | +4.17% | View data |