In 2023, Germany's solar thermal energy supply stood at 31.78 thousand terajoules, illustrating a slight year-on-year increase of 0.3%. Over the past two years, the supply demonstrated variation with a drop in 2021 by 5.12% and a rise in 2022 by 4.18%. Evaluating the last five years, the Compound Annual Growth Rate (CAGR) arrived at -0.11%, indicating stagnation in overall growth.
Future projections indicate modest growth, with forecasts predicting the supply to reach 32.25 thousand terajoules by 2028. This suggests a slow but steady growth trajectory with a five-year CAGR of 0.23%. Noteworthy is the overall growth rate of 1.17% over the next five years, pointing towards minor yet positive increments in supply.
Future trends to watch for include advancements in solar thermal technologies, governmental policy changes, and market demand shifts that could stimulate or hinder solar thermal energy's growth in Germany. Monitoring these factors will provide insights into potential accelerations or decelerations in the energy supply's forecasted trends.
