Key Market Indicators
Norwegian energy consumption is projected to reach approximately 2.02 exajoules by 2028, up from 2 exajoules in 2023. This marks a modest compound annual growth rate (CAGR) of 0.1% year-on-year. Since 1970, the demand for energy in Norway has seen a gradual increase of 0.2% annually. In the global ranking for 2023, Norway held the 41st position, with Uzbekistan surpassing it with an energy consumption of 2 exajoules. Top spots in the energy consumption rankings were claimed by major global players. The United States, India, and Russia took the second, third, and fourth places, respectively.
