Key Market Indicators
Hungarian hydropower generation is on a steady rise and is projected to hit 891 terajoules by 2028. This marks an increase from 860 terajoules in 2023, with a compound annual growth rate (CAGR) of 0.6%. Since 1995, Hungary's hydropower supply has grown consistently by 1.5% annually. In the global ranking for 2023, Hungary stood at the 31st position, with Belgium just ahead at 860 terajoules. Leading the rankings were Sweden, France, and Italy, holding the second, third, and fourth spots respectively. On the consumption front, Hungarian hydro power is expected to mirror the generation figures, reaching 891 terajoules by 2028 from 860 terajoules in 2023. This also reflects a 0.6% year-on-year growth rate. Hungary's demand for hydropower has similarly increased by 1.5% per year since 1995. In 2023, the country's consumption ranking was also 31st, with Belgium surpassing it at 860 terajoules. The top spots in the consumption rankings were occupied by Sweden, France, and Italy.