From 2013 to 2018, Sweden's electric power generation, transmission, and distribution sector experienced a general decline, with production values decreasing from 128.45 billion SEK in 2013 to 113.36 billion SEK in 2018. The CAGR for this period was negative at -2.47%. The year 2019 saw a notable spike with a year-on-year growth of 20.03%, reaching 136.07 billion SEK. This was followed by fluctuating values with a downtrend resuming from 2020 to 2023. In 2023, the production stood at 121.66 billion SEK, reflecting a slight year-on-year decrease of 0.38% and an overall 5-year CAGR of 1.42%.
Looking at the forecast from 2024 to 2028, a continuous but slight decline is anticipated, with production expected to reach 119.42 billion SEK by 2028. The forecasted 5-year CAGR is -0.3%, and the overall growth rate for this period is projected to be -1.47%.
Future trends to watch for:
- Technological advancements in renewable energy sources and their integration into the existing grid
- Policy changes and regulatory measures aimed at reducing carbon emissions
- Potential impacts of economic factors on energy consumption and production investment
