The solar thermal final consumption in the chemical and petrochemical sectors in Germany is projected to experience a stagnant trend from 2024 to 2026 with a consistent value of 3.0 TOE. An upward trend is expected starting in 2027, where consumption increases to 4.0 TOE and continues at this level into 2028. The year-on-year variation remains zero for the initial period but shows a 33% increase as consumption rises from 2026 to 2027. The compound annual growth rate (CAGR) over these five years suggests moderate growth, mostly occurring in the latter part of the forecast period.
Future trends to watch for include:
- Technological advances in solar thermal energy systems that could further enhance efficiency and adoption in industry.
- Possible regulatory changes or incentives from the German government aimed at encouraging renewable energy usage in the industrial sector.
- Fluctuations in traditional energy prices, which could impact the rate at which industries transition to solar thermal energy.
