In 2023, the consumption of geothermal and biomass energy in Belgium stood at 4.22 Terawatthours. Projected data for the years 2024-2028 indicates a declining trend in energy consumption within this sector. Specifically, from 2024's projection of 4.03 Terawatthours to a lower 3.42 Terawatthours by 2028, representing a continuous year-on-year decrease. The percentage variation indicates a decreasing pattern: 4.7% drop from 2024 to 2025, 4.4% from 2025 to 2026, 3.5% from 2026 to 2027, and 3.4% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 shows an average annual decrease of approximately 4.0%.
Future trends to watch for include technological advancements that could improve the efficiency and cost-effectiveness of geothermal and biomass energy production. Additionally, policy and regulatory changes focused on renewable energy incentives could significantly impact consumption levels. Monitoring these factors will be critical to accurately projecting longer-term trends and potential market adjustments in this space.