In 2023, Ukraine held the largest share of heat energy supply in Europe, contributing significantly to the overall gigawatthours. Belgium, the Netherlands, and Lithuania also demonstrated significant contributions, though they lagged behind Ukraine. Finland and Norway experienced slight declines in their supply shares, while Poland and Bulgaria showed notable growth rates in 2023, at 8.78% and 6.38% respectively. Conversely, Denmark registered a decline of 1.91% in its heat energy supply share. Over the past five years, the Compound Annual Growth Rate (CAGR) highlights consistent growth in the Netherlands and moderate growth for Belgium and Lithuania.
Looking forward, European countries may continue to diversify their energy portfolios, driven by sustainability initiatives and technological advancements. Growth is expected in nations with currently lower shares, such as Slovakia, Austria, and Poland, while established players might stabilize or slightly adjust their shares depending on regulatory changes and market dynamics. Monitoring policy shifts and renewable energy adoption rates will be crucial in understanding future patterns in the European heat energy supply market.
Top countries in Heat Energy Supply Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 33.24 | 2023 | +24.31% | +5.4% | View data |
| 2 | 2 Belgium | 15.88 | 2023 | +1.69% | +0.25% | View data |
| 3 | 3 Netherlands | 15.61 | 2023 | +5.24% | +11.41% | View data |
| 4 | 4 Lithuania | 15.23 | 2023 | +7.09% | +0.81% | View data |
| 5 | 5 Finland | 7.01 | 2023 | +2.16% | -0.2% | View data |
| 6 | 6 Norway | 6.93 | 2023 | +4.37% | +0.42% | View data |
| 7 | 7 Bulgaria | 3.05 | 2023 | +2.77% | +6.38% | View data |
| 8 | 8 Poland | 1.6 | 2023 | +2.15% | +8.78% | View data |
| 9 | 9 Czech Republic | 1.04 | 2023 | +2.06% | View data | |
| 10 | 10 Austria | 0.22 | 2023 | +5.74% | +0.47% | View data |
