Forecast: Mining and Quarrying Sector Final Consumption of Renewables and Biofuels in Germany

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.

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