As of 2023, the surface area of solar thermal collectors in Belgium stood at 770.3 thousand square meters. The forecasted values for the coming years are as follows: 781.0 thousand square meters for 2024, 790.4 thousand square meters for 2025, 799.2 thousand square meters for 2026, 807.3 thousand square meters for 2027 and 814.8 thousand square meters for 2028. Year-on-year percentage variations indicate a steady growth pattern with an average annual growth rate approximating 1.6% over the last five years (CAGR).
Future trends to watch for:
- The adoption of new solar thermal technologies which may impact growth rates either positively or negatively.
- Government policies and incentives focusing on renewable energy sources which could drive higher adoption rates.
- Economic conditions affecting both public and private sector investments in renewable energy infrastructure.
