The solar thermal energy supply in the Netherlands has seen varied trends over the past decade. In 2023, the supply stood at 317.17 Gigawatthours. Observing the trends from 2013 to 2023, the market experienced an initial growth phase but began to stabilize and decline slightly in recent years. From 2018 to 2023, the year-on-year variations fluctuated modestly, with a negative trend starting from 2020. The compound annual growth rate (CAGR) over the last five years exhibited a slight decrease, indicating a slowing growth trajectory.
The forecast from 2024 projects a continued decline, with a forecasted CAGR of -0.64% over the next five years. This suggests a need for the industry to explore new growth avenues or technologies to reverse this trend.
Future trends to watch for include:
- Technological advancements in solar thermal energy efficiency.
- Government policy changes and subsidies aimed at renewable energy.
- Market demand shifts and competitive renewable energy sources.
- Potential breakthroughs in energy storage solutions.
