– 30.2% The decrease of the solar thermal market in the European Union between 2023 and 2024
Slowdown contagion spread to the main European Union solar thermal markets, including the Greek market, said to be its ost stalwart, and depressed 2024 sales. The previous year’s 21.1% drop in collector surface worsened to 30.2%. In 2024, just over 1.3 million m² of collectors were installed – almost 570 000 m² less than in 2023. Many mainly residential segment-related factors contributed to this 100% European technology’s ill fortunes. Examples are the Europe-wide sluggish heating and construction markets, the dilution and suspension of several energy renovation aid policies, not to mention the sector’s struggle to compete with the current rush to adopt photovoltaic self-consumption. Announcements of
new mega-projects in a number of European countries mean that the very large installation segment is taking shape.
