Germany leads in final consumption of renewables and biofuels within the European machinery sector, followed by Denmark. Notable growth was observed in Slovenia, Finland, and Norway, reflecting increases in 2023. Conversely, Serbia, Ukraine, and Lithuania experienced declines. Austria, Slovakia, Czech Republic, and Italy showed modest growth in the sector. Overall, the compound annual growth rate over the last five years was positive, highlighting an upward trend despite some setbacks.
Future trends to watch include further integration of renewable technologies, policy impacts, and potential economic shifts, particularly in countries like Germany and emerging players like Slovenia and Finland.
Top countries in Machinery Sector Final Consumption of Renewables and Biofuels by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,380 | 2023 | +2.54% | +1.47% | View data |
| 2 | 2 Denmark | 767.63 | 2023 | +0.93% | +8.88% | View data |
| 3 | 3 Serbia | 504.97 | 2023 | +2.45% | -14.66% | View data |
| 4 | 4 Sweden | 439.74 | 2023 | +1.88% | +15% | View data |
| 5 | 5 Austria | 365.88 | 2023 | -0.12% | +1.91% | View data |
| 6 | 6 Slovakia | 241 | 2023 | +4.78% | +0.76% | View data |
| 7 | 7 Romania | 229.7 | 2023 | +13.59% | -3% | View data |
| 8 | 8 Czech Republic | 222.85 | 2023 | +1.53% | +8.06% | View data |
| 9 | 9 Ukraine | 221 | 2023 | +17.55% | -8.84% | View data |
| 10 | 10 Hungary | 177 | 2023 | +2.91% | +5.41% | View data |
