The Electricity, Gas, Steam, and Air Conditioning supply output in Finland has exhibited notable fluctuations over the last decade. From 2013 to 2023, the industry generally saw growth with intermittent declines. The output stood at 15.0 Billion Euros in 2023, showing a 4.66% year-on-year increase from 2022. This period highlighted a substantial increase in 2021 and 2022, with year-on-year variations of 20.44% and 32.25%, respectively.
From 2018 to 2023, the sector experienced an impressive Compound Annual Growth Rate (CAGR) of 9.81%, primarily driven by the substantial growth in the last few years. Future trends indicate further growth, with forecasted figures reaching 18.32 Billion Euros by 2028, marking a forecasted 5-year CAGR of 3.16%.
Future trends to watch for:
- Continued investment in renewable energy sources
- Policy changes affecting carbon emissions and sustainability
- Technological advancements in energy efficiency
- Impact of global energy markets and geopolitical events on supply stability
