Forecast: Mining and Quarrying Sector Final Consumption of Electricity in Germany

The data indicates a gradual decrease in the final consumption of electricity by the mining and quarrying sector in Germany. The sector consumed 1.73 thousand gigawatt-hours in 2023, and forecasts show a slight decline, reaching 1.7 thousand gigawatt-hours by 2028. Year-on-year variations show minimal changes, with an almost steady trend from 2024 to 2027, followed by a slight drop in 2028. The compound annual growth rate (CAGR) over the five years is negative, reflecting a small, consistent reduction in electricity consumption.

Future trends to watch for:

  • Efficiency improvements and technology adoption in the sector could further reduce electricity consumption.
  • Regulatory changes focusing on energy conservation and renewable sources may impact consumption patterns.
  • A shift in the industrial output or process modifications in mining and quarrying could alter electricity needs.

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