In 2023, the production of electricity, gas, steam, and air conditioning supply in Norway was recorded at 112.16 billion NOK. The forecasted data shows a steady year-on-year growth from 2024 to 2028, with values at 115.27 billion NOK in 2024, 118.48 billion NOK in 2025, 121.63 billion NOK in 2026, 124.71 billion NOK in 2027, and 127.73 billion NOK in 2028.
The year-on-year variations in percentage are as follows:
- 2025: 2.8%
- 2026: 2.66%
- 2027: 2.53%
- 2028: 2.42%
The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.64%, indicating a consistent and moderate growth pattern.
Future trends to watch for include advancements in green energy technologies, regulatory changes impacting the sector, and fluctuating demand due to evolving economic conditions. These factors could significantly influence the production dynamics in the coming years.