The electricity production value in Denmark is projected to rise from 7.55 billion euros in 2024 to 8.72 billion euros by 2028. This indicates a steady increase in value over the forecasted period. The growth from 2023, which stood at 7.28 billion euros, shows a year-on-year increase of approximately 3.7% in 2024, accelerating through subsequent years. From 2023 to 2028, the compound annual growth rate (CAGR) is roughly 3.7%.
Future trends to watch for:
- Increasing investment in renewable energy sources such as wind and solar power.
- Impact of regulatory changes and policies aimed at reducing carbon emissions.
- Technological advancements improving the efficiency and cost-effectiveness of electricity production.
- Global energy market dynamics affecting electricity prices and production costs.