The production value for Electricity, Gas, Steam, and Air Conditioning Supply in Denmark has shown a significant decline over the past decade, dropping from 58.32 Billion DKK in 2013 to 46.94 Billion DKK in 2023. The production value continued to decline in subsequent forecast years, indicating a continuing downward trend. From 2013 to 2023, the year-on-year variations have mostly shown negative trends, with notable declines such as -11.85% in 2014 and -5.48% in 2020. The compound annual growth rate (CAGR) over the last 5 years is -0.4%, suggesting a steady but slow decline. Forecasts predict that by 2028, the production value will further decrease, with a projected 5-year CAGR of -0.41%, which translates to an overall decrease of approximately -2.05% over the next five years.
Looking forward, future trends to watch for include:
- The impact of sustainable and renewable energy initiatives, which may transform production methods and financial outcomes.
- Technological advancements in energy production and distribution that could improve efficiency and reduce costs.
- The potential influence of regulatory changes and environmental policies aimed at reducing carbon emissions and promoting green energy.
- Market dynamics and economic factors that could affect demand and investment in the sector.