The Mining and Quarrying sector's final consumption of renewables and biofuels in Germany is projected to rise steadily from 2024 to 2028, demonstrating a consistent growth trajectory. As of 2024, the consumption starts at 252.97 Terajoules, forecasted to increase to 280.80 Terajoules by 2028. The year-on-year growth rate highlights a moderate, yet stable increase, with the compound annual growth rate (CAGR) anticipating a positive trend over the five-year period from 2024 to 2028. Given the sector's alignment with Germany's renewable energy targets, these forecasts reflect a strong move towards sustainability and reduced carbon emissions.
Future trends to watch for:
- Technological advancements in renewable energy sources which may increase energy efficiency and consumption.
- Policy shifts impacting the adoption rate of renewables within the sector.
- Economic conditions that could influence mining and quarrying operations and energy investments.