In 2023, European hydro power production showcased dynamic variations. Norway led with 12.27 million tonnes of oil equivalent, experiencing a slight year-on-year increase of 0.53%. Sweden, with 5.77, and Austria, with 3.47, also showed positive upticks of 1.53% and 1.33%, respectively. Notable declines were observed in France (-1.59%), Italy (-0.8%), and Spain (-2.9%). In smaller markets, the United Kingdom and Finland marked growth, while Ukraine and Croatia saw significant reductions.
Over the past five years, the region exhibited varying trends. Countries like Slovakia (3.56%) and Latvia (2.94%) enjoyed modest growth, whereas Ukraine (-9.71%) and Croatia (-3.29%) struggled. Estonia's growth stood out at an impressive 11.2%, indicating potential in emerging markets.
Future trends to watch include:
- Continued dominance of Norway and Sweden in hydro power production.
- Potential for growth in smaller markets like Estonia and the Netherlands.
- Focus on innovation and technological advancements to boost efficiency and output.
- Impact of climate change and environmental policies on hydro power capabilities and scalability.
Top countries in Hydro Power Production by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 12,270 | 2023 | +0.76% | +0.53% | View data |
| 2 | 2 Sweden | 5,770 | 2023 | -0.043% | +1.53% | View data |
| 3 | 3 France | 5,170 | 2023 | +0.057% | -1.59% | View data |
| 4 | 4 Italy | 4,020 | 2023 | +0.52% | -0.8% | View data |
| 5 | 5 Austria | 3,470 | 2023 | +0.26% | +1.33% | View data |
| 6 | 6 Spain | 2,550 | 2023 | -0.37% | -2.9% | View data |
| 7 | 7 Germany | 1,620 | 2023 | -0.76% | +1.31% | View data |
| 8 | 8 Romania | 1,400 | 2023 | +0.098% | -1.57% | View data |
| 9 | 9 Finland | 1,270 | 2023 | +0.38% | +2.09% | View data |
| 10 | 10 Iceland | 1,230 | 2023 | +2.02% | +0.8% | View data |
