In 2023, Italy's solar thermal energy supply stood at 11.11 thousand terajoules. The forecasted data shows a consistent annual growth from 2024 to 2028, with values increasing from 11.49 to 13.0 thousand terajoules. The year-on-year growth rates for this period are approximately 3.3%, 3.2%, 3.0%, and 3.0%, respectively. This indicates a steady upward trend and sustainability in growth. The compound annual growth rate (CAGR) for the period 2024-2028 is expected to be around 3.1%, reflecting robust sector expansion.
Future trends to watch for include:
- Technological advancements that could increase efficiency and lower costs.
- Policy shifts in renewable energy incentives.
- Changes in public attitudes towards renewable energy adoption.
- Competition from other renewable sources, such as wind and photovoltaic solar energy.