The geothermal power final consumption in the industry sector in Italy stood at a certain value in 2023, with a forecasted consistent increase over the next five years. From 2024 to 2028, the consumption is projected to grow from 17.35 Gigawatthours to 19.22 Gigawatthours.
Year-on-year variations are as follows:
• 2024 to 2025: 2.8% increase
• 2025 to 2026: 2.6% increase
• 2026 to 2027: 2.6% increase
• 2027 to 2028: 2.5% increase
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 2.7%, indicating a steady upward trend in the consumption of geothermal power in the industrial sector.
Future trends to watch for include technological advancements in geothermal energy, increased governmental support for renewable energy initiatives, and potential shifts in industrial energy consumption patterns due to sustainability efforts.