The European Solar Photovoltaic Energy Supply landscape shows a significant dominance by Germany, with a supply of 22.59 GWh. Spain follows with 14.97 GWh, and Italy completes the top three with 11.18 GWh. Emerging markets like Poland, Hungary, and Ukraine have displayed remarkable growth rates of 91.89%, 59.15%, and 68.39% respectively. Northern countries such as Sweden, Finland, and Norway show significant percentage increases, indicating potential despite their relatively lower base.
The five-year CAGR indicates that growth is accelerating across most countries, with standout performances by Estonia, Poland, and Norway. Though some countries like Germany and Italy exhibit slower growth rates, they maintain substantial supply volumes.
Future trends to watch in the European Solar Photovoltaic sector include technological advancements in solar efficiencies, substantial policy support across the EU, and increased investment in renewable energy infrastructure. Additionally, geopolitical stability, particularly in Eastern Europe, alongside sustained economic recovery post-pandemic, could contribute to further market growth. Emerging markets and northern European countries are likely to see continued expansion.
Top countries in Solar Photovoltaic Energy Supply Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22.59 | 2023 | +1.94% | +3.54% | View data |
| 2 | 2 Spain | 14.97 | 2023 | +21.85% | +34.19% | View data |
| 3 | 3 Italy | 11.18 | 2023 | +1.1% | +2.48% | View data |
| 4 | 4 France | 8.57 | 2023 | +10.96% | +12.43% | View data |
| 5 | 5 Netherlands | 7.55 | 2023 | +20.03% | +36.08% | View data |
| 6 | 6 United Kingdom | 7.2 | 2023 | +5.28% | +5.3% | View data |
| 7 | 7 Ukraine | 6.5 | 2023 | +24.65% | +68.39% | View data |
| 8 | 8 Poland | 3.41 | 2023 | +32.87% | +91.89% | View data |
| 9 | 9 Belgium | 2.94 | 2023 | +8.83% | +11.51% | View data |
| 10 | 10 Hungary | 2.8 | 2023 | +25.56% | +59.15% | View data |
