The European solar thermal market in 2024 signals diverse growth across countries. Germany leads with substantial capacity but shows a slight decline. Southern nations like Spain, Greece, and Italy exhibit robust growth, reflecting favorable climates. Poland shows remarkable gains, signaling a shift towards renewables. Portugal, Bulgaria, and Hungary also experience significant upticks. Conversely, Austria and the Netherlands show moderate contractions, indicating market maturity or saturation. Most Northern European countries show modest growth reflecting cooler climates and lesser solar potential.
Future trends to watch include:
- Expansion of renewable energy policies enhancing solar thermal growth.
- Technological advancements improving efficiency and reducing costs.
- Impact of geopolitical factors on energy strategies and installations.
- Shift in consumer preferences towards sustainable energy solutions.
Top countries in Solar Thermal Available for Final Consumption by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 756.34 | 2023 | +0.23% | -0.17% | View data |
| 2 | 2 Spain | 354.73 | 2023 | +2.44% | +3.4% | View data |
| 3 | 3 Greece | 318.6 | 2023 | +2.35% | +2.82% | View data |
| 4 | 4 Italy | 262.66 | 2023 | +3.17% | +3.76% | View data |
| 5 | 5 France | 213.14 | 2023 | +2.6% | +3.31% | View data |
| 6 | 6 Austria | 172.03 | 2023 | -0.79% | -0.73% | View data |
| 7 | 7 Portugal | 113.74 | 2023 | +3.59% | +3.8% | View data |
| 8 | 8 Poland | 99.2 | 2023 | +7.58% | +11.75% | View data |
| 9 | 9 Cyprus | 78.41 | 2023 | +1.74% | +1.71% | View data |
| 10 | 10 United Kingdom | 58.58 | 2023 | +2.08% | +2.12% | View data |
