In 2024, the electric power generation, transmission, and distribution turnover in Norway is forecasted to be 14.44 billion euros. This marks a slight decline compared to the previous year, with a year-on-year decrease anticipated through 2028. Specifically, the turnover is projected to decrease by approximately 1.80% annually, reaching 13.42 billion euros by 2028. Over the next five years, this represents a compound annual growth rate (CAGR) of approximately -1.50%, indicating a consistent downward trend.
Future trends to watch for include advancements in renewable energy technologies, regulatory changes, and shifts in energy consumption patterns. These factors could significantly impact the market, either by fostering growth or imposing further challenges.
