In 2023, Germany led the European Transport Equipment Sector in final consumption of renewables and biofuels with a significant share, followed by France and Austria. Germany experienced a robust increase of 46.63% from the previous year. Poland showed a remarkable growth, boosting its share by 49.45%. While countries like Sweden and Croatia saw declines, Denmark and Portugal showed notable progress. The consistent growth across most countries highlights a positive trend in renewable energy adoption. Over the last five years, many nations have witnessed an increase in their Compound Annual Growth Rate, indicating a shift towards greener energy solutions.
Future trends to watch include the continued expansion of renewable and biofuel use driven by policy support and technology advancements. Countries such as Germany and Poland are likely to maintain their upward trend, while other European countries may invest in infrastructure and innovation to enhance their renewable energy capacity, potentially transforming the European transport energy landscape.
Top countries in Transport Equipment Sector Final Consumption of Renewables and Biofuels Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 63.63 | 2023 | +16.92% | +46.63% | View data |
| 2 | 2 France | 18.02 | 2023 | +7.04% | +12.6% | View data |
| 3 | 3 Austria | 4.12 | 2023 | +2.77% | +17.26% | View data |
| 4 | 4 Sweden | 4.08 | 2023 | +2.76% | -3.59% | View data |
| 5 | 5 Denmark | 1.78 | 2023 | +2.17% | +22.37% | View data |
| 6 | 6 Serbia | 1.08 | 2023 | +8.89% | +11.66% | View data |
| 7 | 7 Ukraine | 0.95 | 2023 | +15% | 0% | View data |
| 8 | 8 Spain | 0.95 | 2023 | +2.8% | +2.2% | View data |
| 9 | 9 Portugal | 0.83 | 2023 | +8.46% | +10.14% | View data |
| 10 | 10 Poland | 0.71 | 2023 | +8.29% | +49.45% | View data |
