The forecast for the gas oil and diesel oil consumption in Germany's machinery sector shows a decline between 2024 and 2028. In 2023, the consumption was 1.6 thousand gigawatthours. From 2024 onwards, a steady decrease is observed, with consumption dropping from 1.41 in 2024 to 0.65115 in 2028. This indicates a compound annual growth rate (CAGR) of approximately -15.56% over the five-year period. The year-on-year decrease is notable: -13.48% from 2024 to 2025, -15.57% from 2025 to 2026, -18.66% from 2026 to 2027, and -22.33% from 2027 to 2028.
Future trends to watch:
- Continued emphasis on green technologies and energy efficiency may accelerate the decrease in fossil fuel consumption in the sector.
- Policies supporting electric and alternative fuel machinery could further influence the decline.
- Monitoring technological advancements and energy policies will be critical to understanding market dynamics.