In 2023, the value of primary solid biofuels final consumption in France's transport equipment sector stood at 78.00 Gigawatthours. The forecast from 2024 to 2028 indicates a steady growth in consumption with an increase from 80.04 to 88.54 Gigawatthours, demonstrating a year-on-year variation of approximately 2.68% to 2.45%. The compound annual growth rate (CAGR) over this period is projected to be 2.12%.
Future trends to watch include:
- The impact of technological advancements in biofuel production efficiency.
- Government policy shifts towards renewable energy incentives.
- Market competition from other renewable energy forms such as electric transportation solutions.
