In 2023, the use of solar thermal energy in Germany's chemical and petrochemical sectors was negligible, as it marked the start of investment in this renewable energy source. From 2024 to 2028, the projection indicates a steady, modest increase in consumption, from 0.039 GWh to 0.045 GWh. Year-on-year growth shows a consistent rise of approximately 5% to 7% annually, reflecting gradual adaptation and infrastructure development. Over the five-year period, the compound annual growth rate (CAGR) is around 4%.
Future trends to watch for:
- Technological advancements could accelerate adoption and efficiency in solar thermal applications.
- Policy changes favoring renewable energy could significantly boost growth rates.
- Market volatility in fossil fuels might further drive the transition to solar thermal energy.
