Solar Energy Market Outlook 2024 - 2028

Daily Updated Industry Statistics and Top Emerging Trends about the Solar Energy Industry

European Solar Energy Trends in 2024

Solar Energy is part of Renewable Energy and includes a number of sub-sectors such as Concentrated Solar Power, Solar Heating, Photovoltaics and Integrated Solar Combined Cycle. You may also be interested in Geothermal Energy, Wind Power and Hydropower.

**European Solar Capacity to Soar by 2028** Europe's solar capacity is projected to reach approximately 468,000 megawatts by 2028, up from around 276,000 megawatts in 2023. This represents an average annual growth rate of 8.3%. Since 2001, the European supply of solar energy has increased by an impressive 16.9% year on year. In 2023, Germany led the continent in solar capacity, boasting about 74,000 megawatts. Following Germany, the Netherlands, Italy, and Spain occupied the second, third, and fourth spots in the rankings, respectively. Notably, Poland saw a remarkable year-on-year increase of 92.6%, while Romania experienced a modest annual growth of 0.7% since 2001. **Surge in Solar Energy Consumption Across Europe** European solar energy consumption is set to reach 4.8 exajoules by 2028, up from 2.7 exajoules in 2023. This indicates an annual growth rate of 8.8% in compound annual growth rate (CAGR). Since 2001, demand for solar energy in Europe has surged by 15.9% year on year. Germany also led in solar energy consumption in 2023, with a consumption of 0.61 exajoules. Spain, Italy, and France followed as the second, third, and fourth largest consumers, respectively. Poland exhibited a staggering annual growth rate of 107.4%, while the Czech Republic's consumption levels have remained stable since 2001.

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In 2024 major markets in the Solar Energy Industry were:

Solar Energy Market Data and Forecasts

How much the Solar Energy industry is expected to grow to 2028?

Forecast: Solar Energy Capacities in Europe
Forecast: Solar Energy Capacities in Germany
Forecast: Solar Energy Capacities in Italy
Forecast: Solar Energy Capacities in the Netherlands
Forecast: Solar Energy Capacities in Spain
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What are the world's biggest Solar Energy markets?

European Solar Energy Capacities by Country
European Solar Energy Consumption by Country
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Global Solar Energy Statistics

Global Solar Energy Industry Database