In 2023, the geothermal power final consumption in the transport equipment sector in Germany stood at 2 terajoules. Forecasts for 2024 and 2025 anticipate this figure remaining at 2 terajoules annually. A modest increase to 3 terajoules is projected for 2026 and is expected to remain consistent through 2028. The growth between 2025 and 2026 marks a 50% rise, while the compound annual growth rate (CAGR) for the 2024-2028 period is expected to be relatively stable, reflecting cautious adoption trends in renewable energy sources within the sector.
Future trends to watch for:
- Technological advancements improving geothermal efficiency.
- Policy shifts promoting renewable energy in transport.
- Economic conditions affecting investment in green technologies.