The data indicates a projected growth for geothermal power final consumption in the industrial sector in Germany from 2024 to 2028. The consumption is forecasted to increase consistently by 2.0 tonnes of oil equivalent (TOE) each year, leading to an annual year-on-year growth rate of approximately 3.7%. The compound annual growth rate (CAGR) for this period is predicted to maintain steady growth. In 2023, the value stood lower than 54.0 TOE, marking the beginning of this upward trend.
Future trends to watch for include technological advancements in geothermal energy extraction and possible policy shifts towards more sustainable energy use in industry. Increased investments in renewable energy infrastructure may also play a significant role in driving substantial growth in geothermal consumption.
