In 2024, Germany leads in solar thermal consumption with a share of 28.52 GWh, although experiencing a slight decrease of 0.15% from the previous year. Spain and Greece follow with significant increases of 3.4% and 2.82%, respectively. Italy, France, and Portugal are also expanding, with year-over-year growth exceeding 3%. Notably, Poland registers a robust increase of 11.75%, indicating a growing solar thermal market. Countries like Bulgaria, Croatia, and Hungary review strong growth rates, showcasing rising investments in solar energy. Conversely, Austria and Sweden show slight declines, potentially due to market saturation or shifting energy strategies.
Future trends to watch include the rising adoption of solar thermal energy in Eastern European countries, driven by increased investments and policy support. The overall market is expected to grow as Europe focuses on renewable energy transitions and reducing carbon emissions. Close monitoring of technological innovations and government incentives will be essential to assess future market dynamics.
Top countries in Solar Thermal Available for Final Consumption Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 28.52 | 2023 | +0.25% | -0.15% | View data |
| 2 | 2 Spain | 13.36 | 2023 | +2.44% | +3.4% | View data |
| 3 | 3 Greece | 11.9 | 2023 | +2.34% | +2.82% | View data |
| 4 | 4 Italy | 9.97 | 2023 | +3.63% | +3.93% | View data |
| 5 | 5 France | 8.03 | 2023 | +3.58% | +3.68% | View data |
| 6 | 6 Austria | 6.48 | 2023 | -0.79% | -0.73% | View data |
| 7 | 7 Portugal | 4.28 | 2023 | +3.59% | +3.8% | View data |
| 8 | 8 Poland | 3.74 | 2023 | +7.58% | +11.75% | View data |
| 9 | 9 Cyprus | 2.97 | 2023 | +2.06% | +1.85% | View data |
| 10 | 10 United Kingdom | 2.21 | 2023 | +2.08% | +2.12% | View data |
