Report
Solar Thermal Market In Europe 2025-2029
Europe Solar Thermal Market Size (2025–2029)
The Europe solar thermal market is projected to grow by USD 1.55 billion between 2024 and 2029, registering a CAGR of 10.2%.
Market Overview
The market is witnessing robust growth driven by rising demand for concentrated solar power (CSP) systems, known for delivering consistent energy output and enabling off-peak energy storage. Growth is further supported by the adoption of solar technologies in smart city projects for sustainable heating and cooling solutions. However, the intermittent nature of solar energy remains a key challenge, necessitating innovations in energy storage and grid integration.
Market Definition & Application
Solar thermal systems convert sunlight into heat using glazed and unglazed collectors. They are widely used in:
- Industrial heating, drying, and desalination
- District heating networks
- Residential water and space heating
Compared to photovoltaics, solar thermal systems focus solely on heat generation, not electricity.
Key Market Drivers
- Surging CSP demand: CSP systems are being increasingly deployed for thermal energy generation across industries.
- Cost-effectiveness: Reduced costs of electricity generation and improved thermal energy storage solutions (e.g., molten salt storage) make solar thermal plants a competitive alternative to fossil fuels.
- Regulatory support: Renewable energy targets and incentives are encouraging adoption in sectors like agriculture, tourism, and food processing.
- Versatile applications: Solar thermal energy powers water heaters, boilers, solar chimneys, and more, with ongoing R&D in photothermal materials and solar-heating catalysis.
Market Trends
- Smart cities integration: Growing investments in smart infrastructure are driving solar thermal installations for sustainable urban energy management.
- Energy storage focus: New technologies are addressing supply variability, ensuring consistent energy output even during non-peak hours.
- Expanded adoption: From desalination and process heating to residential systems, demand is spreading across public and private sectors.
Key Market Challenges
- Intermittency of solar resource: Fluctuating solar availability disrupts grid stability, necessitating real-time adjustments by operators.
- Energy demand alignment: Bridging the gap between peak production and consumption hours requires advanced storage and load management systems.
Competitive Landscape
Companies are pursuing strategic initiatives like partnerships, M&A, and geographic expansion. Key players include:
- Aalborg CSP – Offers CSP troughs, flat panels, and thermal storage systems.
- Abengoa, Acciona SA, ACS, Vaillant Group, Viessmann Climate Solutions SE, Robert Bosch GmbH, Enel Green Power, Frenell GmbH, GREENoneTEC, SENER, and others.
Companies are categorized based on qualitative (market focus) and quantitative (market performance) parameters.
TABLE OF CONTENTS
1 Executive Summary
1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis
3 Market Sizing
3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2025
3.4 Market outlook: Forecast for 2025-2029
- Chart on Europe - Market size and forecast 2025-2029 ($ million)
- Data Table on Regional - Market size and forecast 2025-2029 ($ million)
- Chart on Europe: Year-over-year growth 2025-2029 (%)
- Data Table on Regional - Market size and forecast 2025-2029 ($ million)
4 Historic Market Size
4.1 Solar Thermal Market in Europe 2018 - 2024
- Historic Market Size - Data Table on Solar Thermal Market in Europe 2018 - 2024 ($ million)
4.2 Technology segment analysis 2018 - 2024
- Historic Market Size - Technology Segment 2018 - 2024 ($ million)
4.3 Application segment analysis 2018 - 2024
- Historic Market Size - Application Segment 2018 - 2024 ($ million)
4.4 Geography segment analysis 2018 - 2024
- Historic Market Size - Geography Segment 2018 - 2024 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
- Five forces analysis - Comparison between 2025 and 2029
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2025 and 2029
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2025 and 2029
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2025 and 2029
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2025 and 2029
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2025 and 2029
5.7 Market condition
- Chart on Market condition - Five forces 2025 and 2029
6 Market Segmentation by Technology
6.1 Market segments
- Chart on Technology - Market share 2025-2029 (%)
- Data Table on Technology - Market share 2025-2029 (%)
6.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
6.3 Low and medium temperature - Market size and forecast 2025-2029
- Chart on Low and medium temperature - Market size and forecast 2025-2029 ($ million)
- Data Table on Low and medium temperature - Market size and forecast 2025-2029 ($ million)
- Chart on Low and medium temperature - Year-over-year growth 2025-2029 (%)
- Data Table on Low and medium temperature - Year-over-year growth 2025-2029 (%)
6.4 High temperature - Market size and forecast 2025-2029
- Chart on High temperature - Market size and forecast 2025-2029 ($ million)
- Data Table on High temperature - Market size and forecast 2025-2029 ($ million)
- Chart on High temperature - Year-over-year growth 2025-2029 (%)
- Data Table on High temperature - Year-over-year growth 2025-2029 (%)
6.5 Market opportunity by Technology
- Market opportunity by Technology ($ million)
- Data Table on Market opportunity by Technology ($ million)
7 Market Segmentation by Application
7.1 Market segments
- Chart on Application - Market share 2025-2029 (%)
- Data Table on Application - Market share 2025-2029 (%)
7.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
7.3 Heat generation - Market size and forecast 2025-2029
- Chart on Heat generation - Market size and forecast 2025-2029 ($ million)
- Data Table on Heat generation - Market size and forecast 2025-2029 ($ million)
- Chart on Heat generation - Year-over-year growth 2025-2029 (%)
- Data Table on Heat generation - Year-over-year growth 2025-2029 (%)
7.4 Power generation - Market size and forecast 2025-2029
- Chart on Power generation - Market size and forecast 2025-2029 ($ million)
- Data Table on Power generation - Market size and forecast 2025-2029 ($ million)
- Chart on Power generation - Year-over-year growth 2025-2029 (%)
- Data Table on Power generation - Year-over-year growth 2025-2029 (%)
7.5 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
8 Customer Landscape
8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
- Chart on Market share by geography - 2025-2029 (%)
- Data Table on Market share by geography - 2025-2029 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 Germany - Market size and forecast 2025-2029
- Chart on Germany - Market size and forecast 2025-2029 ($ million)
- Data Table on Germany - Market size and forecast 2025-2029 ($ million)
- Chart on Germany - Year-over-year growth 2025-2029 (%)
- Data Table on Germany - Year-over-year growth 2025-2029 (%)
9.4 Spain - Market size and forecast 2025-2029
- Chart on Spain - Market size and forecast 2025-2029 ($ million)
- Data Table on Spain - Market size and forecast 2025-2029 ($ million)
- Chart on Spain - Year-over-year growth 2025-2029 (%)
- Data Table on Spain - Year-over-year growth 2025-2029 (%)
9.5 France - Market size and forecast 2025-2029
- Chart on France - Market size and forecast 2025-2029 ($ million)
- Data Table on France - Market size and forecast 2025-2029 ($ million)
- Chart on France - Year-over-year growth 2025-2029 (%)
- Data Table on France - Year-over-year growth 2025-2029 (%)
9.6 Italy - Market size and forecast 2025-2029
- Chart on Italy - Market size and forecast 2025-2029 ($ million)
- Data Table on Italy - Market size and forecast 2025-2029 ($ million)
- Chart on Italy - Year-over-year growth 2025-2029 (%)
- Data Table on Italy - Year-over-year growth 2025-2029 (%)
9.7 Rest of Europe - Market size and forecast 2025-2029
- Chart on Rest of Europe - Market size and forecast 2025-2029 ($ million)
- Data Table on Rest of Europe - Market size and forecast 2025-2029 ($ million)
- Chart on Rest of Europe - Year-over-year growth 2025-2029 (%)
- Data Table on Rest of Europe - Year-over-year growth 2025-2029 (%)
9.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Table on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2025 and 2029
10.4 Market opportunities/restraints
11 Competitive Landscape
11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Aalborg CSP
- Aalborg CSP - Overview
- Aalborg CSP - Product / Service
- Aalborg CSP - Key offerings
12.4 Abengoa SA
- Abengoa SA - Overview
- Abengoa SA - Product / Service
- Abengoa SA - Key offerings
12.5 Acciona SA
- Acciona SA - Overview
- Acciona SA - Business segments
- Acciona SA - Key news
- Acciona SA - Key offerings
- Acciona SA - Segment focus
12.6 ACS Actividades de Construccion Y Servicios SA
- ACS Actividades de Construccion Y Servicios SA - Overview
- ACS Actividades de Construccion Y Servicios SA - Business segments
- ACS Actividades de Construccion Y Servicios SA - Key offerings
- ACS Actividades de Construccion Y Servicios SA - Segment focus
12.7 BrightSource Energy Inc.
- BrightSource Energy Inc. - Overview
- BrightSource Energy Inc. - Product / Service
- BrightSource Energy Inc. - Key offerings
12.8 CGC SAMCA
- CGC SAMCA - Overview
- CGC SAMCA - Product / Service
- CGC SAMCA - Key offerings
12.9 Cosmosolar Ltd
- Cosmosolar Ltd - Overview
- Cosmosolar Ltd - Product / Service
- Cosmosolar Ltd - Key offerings
12.10 DEL PASO SOLAR SL
- DEL PASO SOLAR SL - Overview
- DEL PASO SOLAR SL - Product / Service
- DEL PASO SOLAR SL - Key offerings
12.11 DIMAS SA
- DIMAS SA - Overview
- DIMAS SA - Product / Service
- DIMAS SA - Key offerings
12.12 FRENELL GmbH
- FRENELL GmbH - Overview
- FRENELL GmbH - Product / Service
- FRENELL GmbH - Key offerings
12.13 GREENoneTEC Solarindustrie GmbH
- GREENoneTEC Solarindustrie GmbH - Overview
- GREENoneTEC Solarindustrie GmbH - Product / Service
- GREENoneTEC Solarindustrie GmbH - Key offerings
12.14 Greenville Energy and Research Inc.
- Greenville Energy and Research Inc. - Overview
- Greenville Energy and Research Inc. - Product / Service
- Greenville Energy and Research Inc. - Key offerings
12.15 Hewalex Sp. z o. o. Sp.k.
- Hewalex Sp. z o. o. Sp.k. - Overview
- Hewalex Sp. z o. o. Sp.k. - Product / Service
- Hewalex Sp. z o. o. Sp.k. - Key offerings
12.16 PHOENIX SonnenWarme AG
- PHOENIX SonnenWarme AG - Overview
- PHOENIX SonnenWarme AG - Product / Service
- PHOENIX SonnenWarme AG - Key offerings
12.17 Robert Bosch GmbH
- Robert Bosch GmbH - Overview
- Robert Bosch GmbH - Product / Service
- Robert Bosch GmbH - Key news
- Robert Bosch GmbH - Key offerings
Research Methodology
All our research reports employ a mixed-methods approach, leveraging both primary and secondary research techniques to develop a comprehensive and well-informed analysis. The methodology ensures a balanced perspective by combining data-driven insights with expert opinions.
1. Secondary Research
Secondary research formed the foundation of the study, offering a contextual understanding of the market landscape, historical trends, and existing data. This phase involved gathering and analyzing information from:
- Industry reports and whitepapers (e.g., McKinsey, Deloitte, Statista)
- Academic journals and case studies
- Company reports, investor presentations, and press releases
- Government databases and regulatory publications
- Trade publications, industry blogs, and news articles
2. Primary Research
To validate and complement secondary findings, extensive primary research was conducted. This included both quantitative data collection and qualitative insights, particularly through expert consultations.
a. Expert Consultations (Qualitative Primary Research)
In-depth interviews were conducted with a wide range of industry stakeholders, including:
- Industry experts and consultants
- Senior executives and decision-makers
- Product managers and supply chain professionals
- Academic researchers and analysts
b. Surveys and Questionnaires (Quantitative Primary Research)
Structured surveys were distributed among:
- End-users/consumers
- Retailers and distributors
- Business-to-business (B2B) buyers
3. Data Validation and Triangulation
Findings from secondary and primary sources were cross-validated through data triangulation to ensure accuracy, consistency, and reliability. This process involved comparing insights from different sources and reconciling discrepancies through expert feedback.
4. Analytical Tools and Frameworks
Various analytical models were applied to interpret the collected data:
- SWOT Analysis for understanding strengths, weaknesses, opportunities, and threats
- Porter’s Five Forces to assess market competitiveness
- PESTLE Analysis to evaluate external macroeconomic influences
- Forecasting Models using historical data trends and regression analysis
Conclusion
The combination of comprehensive secondary research and robust primary data collection—enhanced by expert consultations—ensured the development of a well-rounded and in-depth analysis. This approach enables strategic decision-making backed by both empirical evidence and industry expertise.
For detailed methodology for this particular report please write to us on info@syovi.com