In 2023, Germany led the European solar thermal collector market with a significant surface area of 23.81 million square meters, exhibiting a year-on-year growth of 4.32%. Poland showed the highest growth rate at 7.9%, while Finland revealed the largest increase at 9.52%. However, Austria experienced a decline of 2.61%, and the Netherlands had a marginal decrease of 0.21%. Other notable growth figures include Italy at 3.64%, and Spain at 3.4%. The Compound Annual Growth Rate (CAGR) over the last five years suggests moderate growth across most countries, driven by increased focus on renewable energy initiatives.
Future trends to watch for include:
- Continued investment in green energy, particularly in Central and Eastern European countries, could bolster growth further.
- Technological innovations enhancing efficiency and affordability of solar thermal systems may drive adoption.
- Policy support and subsidies at national and EU levels are expected to play a crucial role in sustaining growth.
Top countries in Solar Thermal Collectors Surface by Country
| # | 10 Countries | Thousand Square Meters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23,810 | 2023 | +4.27% | +4.32% | View data |
| 2 | 2 Greece | 5,380 | 2023 | +1.94% | +2.78% | View data |
| 3 | 3 Italy | 5,020 | 2023 | +3.71% | +3.64% | View data |
| 4 | 4 Spain | 4,590 | 2023 | +2.44% | +3.4% | View data |
| 5 | 5 Austria | 4,490 | 2023 | -3.03% | -2.61% | View data |
| 6 | 6 France | 3,660 | 2023 | +2.14% | +2.62% | View data |
| 7 | 7 Poland | 3,560 | 2023 | +5.25% | +7.9% | View data |
| 8 | 8 Denmark | 2,090 | 2023 | +0.83% | +2.68% | View data |
| 9 | 9 United Kingdom | 1,630 | 2023 | +2.39% | +2.47% | View data |
| 10 | 10 Portugal | 1,590 | 2023 | +3.34% | +4.3% | View data |
