Key Market Indicators
Revenue of Norwegian electrical equipment is forecast to reach €645.4 million by 2026, down 0.1% year-on-year on a compound annual growth rate (CAGR) basis. Since 2013, the Norwegian market has risen by 0.5% year-on-year. In 2021, Norway placed 21st in the ranking, with Portugal leading with €646.8 million. France, Italy, and Spain came in 2nd, 3rd, and 4th respectively. Norwegian electrical equipment exports are expected to decrease 0.6% year-on-year CAGR to $2.45 billion by 2026. Since 1998, Norwegian supply has risen 0.5% year-on-year. In 2021, Norway was ranked 44th, with Serbia at the top with $2.53 billion. South Korea, the United States, and Germany came in 2nd, 3rd, and 4th respectively. Norwegian electrical equipment imports are projected to grow 1.1% year-on-year on average to $8.71 billion by 2026. Since 1998, Norwegian demand has increased by 4.5% year-on-year. In 2021, Norway placed 37th, with Israel in the lead at $8.16 billion. The United States, Germany, and Singapore were 2nd, 3rd, and 4th respectively.
