The turnover of fluid power equipment in Norway was 427.8 million euros in 2023. The forecasted growth for the subsequent years shows a steady increase: 2024 (434.5), 2025 (443.7), 2026 (452.9), 2027 (462.0), and 2028 (471.0) million euros. The year-on-year percentage variations indicate moderate growth: 1.6% from 2023 to 2024, 2.1% from 2024 to 2025, 2.1% from 2025 to 2026, 2.0% from 2026 to 2027, and 1.9% from 2027 to 2028. The CAGR over these five years is approximately 1.94%, showcasing a consistent upward trend.
Future trends to watch for include technological advancements in fluid power systems leading to higher efficiency and renewable energy integration, which may influence market dynamics. Additionally, global economic shifts and local industrial policies will play a crucial role in shaping this industry in Norway.
