Forecast: Turnover in Electric Power Generation, Transmission and Distribution Sector in Finland

The Electric Power Generation, Transmission, and Distribution sector in Finland stood at 11.69 Billion Euros in 2023. The turnover in this sector has seen fluctuations over the past decade, with significant peaks and troughs. Between 2013 and 2023, the sector experienced a general downward trend, with notable drops in 2014, 2015, and 2020. However, there was also a recovery period observed in 2018 and 2019.

The year-on-year variation for recent years shows a pattern of slight decline: 2022 (-0.6%), and 2023 (-0.6%). The Compound Annual Growth Rate (CAGR) over the last 5 years up to 2023 was -2.17%, reflecting a steady contraction. The forecast from 2024 to 2028 predicts a continued decrease at a forecasted CAGR of -0.47%, indicating ongoing challenges in this sector.

Future trends to watch for:

• Technology Advancements: Integration of smart grids and renewable energy sources.
• Regulatory Changes: Possible policy shifts towards greener energy impacting financial performance.
• Global Energy Prices: Fluctuations in global energy markets may influence local turnover.