Analysis of the Machinery Sector Final Consumption of Natural Gas in Spain reveals fluctuations from 2013 to 2023, with values in 2023 standing at 4.73 thousand Gigawatthours. The sector experienced significant growth in 2015 (58.3%) and stable increases from 2016 onwards with minor declines in 2020 and 2021. The Compound Annual Growth Rate (CAGR) over the past five years was slightly negative, with a -1.07% change. Forecasts from 2024 to 2028 predict a steady increase, peaking at 5.07 thousand Gigawatthours in 2028 with a forecasted 5-year CAGR of 1.1%, reflecting gradual sectoral growth.
Future trends to watch for include:
- Technological advancements improving energy efficiency in the machinery sector.
- Policy changes targeting renewable energy sources potentially impacting natural gas demand.
- Economic fluctuations affecting overall industrial activity and energy consumption.