The hydro power gross inland consumption in Sweden has displayed fluctuations over the past decade. In 2023, it was recorded at 66.44 TWh. Key observations include notable peaks in 2015 and 2020, with values reaching 75.31 TWh and 72.39 TWh respectively. However, periods of decline were also evident, such as in 2016 and 2022. Year-on-year variation highlights include significant gains in 2015 (+18.11%) and 2020 (+10.74%), while there were downturns in 2016 (-17.65%) and 2022 (-10.01%). For the period 2019-2023, the compound annual growth rate (CAGR) is 1.33%.
The forecast from 2024 to 2028 suggests minimal changes in consumption levels, maintaining values around 66.4 TWh. The forecasted 5-year CAGR is -0.06%, indicating a stable but not growing trend. This suggests a period of stagnation in hydro power consumption.
Future trends to watch for include potential shifts driven by policy changes, advancements in renewable energy technology, and varying climate conditions impacting water availability. Moreover, the integration of hydro power with other renewable sources may influence overall consumption patterns.
