Spain leads Europe in solar thermal production with a significant 53.67 TJ, showcasing a robust growth of 4.3% in 2023. Germany follows at a distant 14.93 TJ, with a slight decline of 0.11%. Poland stands out with an impressive 11.7% year-on-year increase, while Romania also shows a notable 11.24% rise. Smaller markets like Finland and Bulgaria are expanding rapidly, growing at 9.22% and 5.18% respectively. Among declining markets, Austria and Denmark experienced contractions of 0.65% and 0.82%. Overall, the future of European solar thermal production appears varied, with potential growth in Central and Eastern European countries.
Future trends to watch include the expansion in Central and Eastern Europe, spurred by technological advancements and supportive policies. Spain may consolidate its lead, but emerging markets like Poland and Romania could rise significantly, driven by targeted investments. Considering European Union's renewable energy targets, continued innovation and cost reductions in solar thermal technologies will likely further drive regional growth.
Top countries in Solar Thermal Production Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 53.67 | 2023 | +5.63% | +4.3% | View data |
| 2 | 2 Germany | 14.93 | 2023 | +0.3% | -0.11% | View data |
| 3 | 3 Greece | 6.21 | 2023 | +1.93% | +2.65% | View data |
| 4 | 4 Italy | 5.21 | 2023 | +3.64% | +3.94% | View data |
| 5 | 5 France | 4.22 | 2023 | +2.95% | +3.44% | View data |
| 6 | 6 Austria | 3.44 | 2023 | -0.52% | -0.65% | View data |
| 7 | 7 Portugal | 2.24 | 2023 | +3.59% | +3.8% | View data |
| 8 | 8 Poland | 1.95 | 2023 | +7.45% | +11.7% | View data |
| 9 | 9 Cyprus | 1.53 | 2023 | +1.25% | +1.5% | View data |
| 10 | 10 Denmark | 1.24 | 2023 | -6.13% | -0.82% | View data |
