In 2024, Germany leads in solar thermal consumption among European households, despite a slight decline, indicating a mature market. Notable growth is observed in Poland with a 13% increase, signaling potential for expansion. Italy and Finland displayed impressive year-on-year growth rates of 5.17% and 9.22%, respectively. Emerging markets like Hungary and Croatia also recorded strong growth. Conversely, markets like the Netherlands and Sweden saw declines, suggesting challenges in adoption or saturation.
Future trends to watch include the impact of policy changes and technological advancements on solar thermal adoption. Additionally, monitoring growth in emerging markets could reveal new investment opportunities.
Top countries in Households Final Consumption of Solar Thermal by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30,370 | 2023 | +0.28% | -0.12% | View data |
| 2 | 2 Greece | 12,780 | 2023 | +2.37% | +2.84% | View data |
| 3 | 3 Spain | 12,550 | 2023 | +3.77% | +4.51% | View data |
| 4 | 4 Italy | 8,710 | 2023 | +4.79% | +5.17% | View data |
| 5 | 5 France | 8,270 | 2023 | +3.57% | +3.64% | View data |
| 6 | 6 Austria | 5,350 | 2023 | +2.41% | +3.02% | View data |
| 7 | 7 Poland | 3,920 | 2023 | +8% | +13% | View data |
| 8 | 8 Portugal | 2,830 | 2023 | +3.2% | +3.34% | View data |
| 9 | 9 Cyprus | 2,800 | 2023 | +2.09% | +1.87% | View data |
| 10 | 10 United Kingdom | 1,660 | 2023 | +1.9% | +1.97% | View data |
