In 2023, Spain led European solar thermal production with a significant share, reflecting a year-on-year growth of 4.3%. Germany followed but saw a slight decline. Poland and Finland demonstrated robust growth rates at 11.75% and 9.15%, respectively, indicating expanding markets. Croatia and Hungary also exhibited noteworthy increases. Conversely, Austria and Denmark experienced slight declines. Smaller markets like Romania recorded a strong increase, while stable but minor growth was seen in countries such as Slovenia and Luxembourg.
Future trends to monitor include increasing energy transition policies and investments in renewable energy across Europe, promoting growth in solar thermal production. Developing technologies and cross-country collaboration could influence capacity expansion, particularly in Eastern European countries poised for significant growth. Additionally, the continued reduction of production costs and technology advancements will likely drive market expansion across the region.
Top countries in Solar Thermal Production Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 53.66 | 2023 | +5.63% | +4.3% | View data |
| 2 | 2 Germany | 14.92 | 2023 | +0.3% | -0.11% | View data |
| 3 | 3 Greece | 6.21 | 2023 | +1.93% | +2.65% | View data |
| 4 | 4 Italy | 5.17 | 2023 | +3.18% | +3.77% | View data |
| 5 | 5 France | 4.27 | 2023 | +3.58% | +3.68% | View data |
| 6 | 6 Austria | 3.43 | 2023 | -0.77% | -0.73% | View data |
| 7 | 7 Portugal | 2.24 | 2023 | +3.59% | +3.8% | View data |
| 8 | 8 Poland | 1.95 | 2023 | +7.58% | +11.75% | View data |
| 9 | 9 Cyprus | 1.55 | 2023 | +2.41% | +2.01% | View data |
| 10 | 10 Denmark | 1.25 | 2023 | -5.21% | -0.74% | View data |
