Key Market Indicators
Swedish wind capacity is projected to soar to 26,000 megawatts by 2028, up from 16,000 megawatts in 2023, according to industry forecasts. This represents an average annual growth rate of 7.5%. Historically, Swedish wind supply has experienced robust growth, with an annual increase of 17.3% since 1995. As of 2023, Sweden ranks fifth globally in wind capacity, trailing behind France, Spain, the United Kingdom, and France, which hold the second, third, and fourth spots respectively. In terms of wind power consumption, Sweden is also set for significant growth. By 2028, consumption is expected to climb to 0.47 exajoules, up from 0.33 exajoules in 2023, marking an average annual growth rate of 5.8%. Since 1998, the country's wind power demand has increased by 15.7% each year. In 2023, Sweden ranks fifth in wind power consumption, with France leading at 0.33 exajoules, followed by the United Kingdom, Spain, and France in the second, third, and fourth positions respectively.
