In 2023, Sweden led European renewables and biofuels gross heat production, with Denmark and Finland following. Significant year-on-year growth was observed in the Netherlands and Malta, while Italy and Moldova saw slight declines. A robust double-digit increase characterized Luxembourg, Croatia, and Bulgaria, signaling expansion and adaptation in these markets. Serbia experienced a dramatic surge in growth, whereas Cyprus recorded a minimal decline. The industry showed overall positive growth trends, with smaller economies like Luxembourg and Malta displaying rapid expansions.
Future trends to watch include technological advancements promoting efficiency, policy shifts favoring renewables, and increased cross-border collaborations. Observing investment flows and regulatory changes will be crucial for understanding long-term market dynamics across Europe.
Top countries in Renewables and Biofuels Gross Heat Production by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 160,590 | 2023 | +1.76% | +1.95% | View data |
| 2 | 2 Denmark | 103,040 | 2023 | +5.32% | +5.9% | View data |
| 3 | 3 Finland | 99,390 | 2023 | +2.41% | +4.71% | View data |
| 4 | 4 France | 89,380 | 2023 | +4.43% | +4.63% | View data |
| 5 | 5 Germany | 82,140 | 2023 | +2.2% | +1.34% | View data |
| 6 | 6 Austria | 54,620 | 2023 | +6.76% | +5.85% | View data |
| 7 | 7 Iceland | 39,030 | 2023 | +3.12% | +3.44% | View data |
| 8 | 8 Italy | 38,620 | 2023 | +2.52% | -0.62% | View data |
| 9 | 9 Ukraine | 33,360 | 2023 | +0.34% | +0.84% | View data |
| 10 | 10 Netherlands | 30,010 | 2023 | +10.15% | +16.34% | View data |
