Germany leads the European market in solar thermal collectors surface share with 38.19 thousand square meters, followed by Greece (8.62), Italy (8.05), Spain (7.36), and Austria (7.2). Germany's surface share increased by 4.32% year-on-year, while Poland and Hungary showed notable growth rates of 7.9% and 6.98%, respectively. Austria and the Netherlands experienced declines, recording -2.61% and -0.21%. The smaller markets like Latvia, Kosovo, and Montenegro remained relatively stable.
Future trends to watch include the continued growth in Eastern European countries such as Poland and Hungary due to increasing investments in renewable energy. Additionally, policy changes and incentives across Europe will play a significant role in shaping the market dynamics moving forward.
Top countries in Solar Thermal Collectors Surface Share by Country (Thousand Square Meters)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 38.19 | 2023 | +4.27% | +4.32% | View data |
| 2 | 2 Greece | 8.62 | 2023 | +1.94% | +2.78% | View data |
| 3 | 3 Italy | 8.05 | 2023 | +3.71% | +3.64% | View data |
| 4 | 4 Spain | 7.36 | 2023 | +2.44% | +3.4% | View data |
| 5 | 5 Austria | 7.2 | 2023 | -3.03% | -2.61% | View data |
| 6 | 6 France | 5.88 | 2023 | +2.14% | +2.62% | View data |
| 7 | 7 Poland | 5.71 | 2023 | +5.25% | +7.9% | View data |
| 8 | 8 Denmark | 3.35 | 2023 | +0.83% | +2.68% | View data |
| 9 | 9 United Kingdom | 2.61 | 2023 | +2.39% | +2.47% | View data |
| 10 | 10 Portugal | 2.55 | 2023 | +3.34% | +4.3% | View data |
