In 2023, Germany led the European solar thermal market with 28.5 thousand tonnes of oil equivalent, despite a slight decline of 0.17%. Spain and Greece followed with growth rates of 3.4% and 2.82%, respectively. Significant growth was observed in Poland (11.75%), Romania (11.24%), and Finland (9.15%). Conversely, Austria and Sweden saw declines, with -0.73% and -2.02%, respectively. Over the past five years, Poland and Romania exhibited notable compounded annual growth rates, indicating a rising trend in their solar thermal consumption.
Future trends to watch in European solar thermal consumption include:
- Continued expansion in Eastern European countries as they catch up with Western Europe.
- Potential stabilization or slight decline in mature markets like Germany and Austria.
- Policy changes and energy efficiency measures influencing broader adoption across the continent.
Top countries in Solar Thermal Available for Final Consumption Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 28.5 | 2023 | +0.23% | -0.17% | View data |
| 2 | 2 Spain | 13.37 | 2023 | +2.44% | +3.4% | View data |
| 3 | 3 Greece | 12 | 2023 | +2.35% | +2.82% | View data |
| 4 | 4 Italy | 9.9 | 2023 | +3.17% | +3.76% | View data |
| 5 | 5 France | 8.03 | 2023 | +2.6% | +3.31% | View data |
| 6 | 6 Austria | 6.48 | 2023 | -0.79% | -0.73% | View data |
| 7 | 7 Portugal | 4.29 | 2023 | +3.59% | +3.8% | View data |
| 8 | 8 Poland | 3.74 | 2023 | +7.58% | +11.75% | View data |
| 9 | 9 Cyprus | 2.95 | 2023 | +1.74% | +1.71% | View data |
| 10 | 10 United Kingdom | 2.21 | 2023 | +2.08% | +2.12% | View data |
