The forecast for the surface area of solar thermal collectors in Turkey from 2024 to 2028 shows a steady increase, with values rising from 21.67 million square meters in 2024 to 23.53 million square meters in 2028. In 2023, the actual value stood at 21.20 million square meters. Year-on-year variations indicate a gradual growth pattern, reflecting a stable upward trend in the adoption and installation of solar thermal technology. Between 2024 and 2028, the Compound Annual Growth Rate (CAGR) is approximately 2.11%, suggesting consistent incremental growth over the five-year period.
Future trends to watch for:
- Potential policy changes and incentives promoting renewable energy in Turkey.
- Technological advancements that improve solar thermal efficiency and reduce costs.
- Market dynamics such as increased investment and participation from international companies.
- Environmental factors, including climatic variations impacting solar energy yield.
- Consumer awareness and adoption rates influenced by economic conditions and energy prices.
