The electric power generation, transmission, and distribution sector in Belgium has shown significant fluctuations from 2013 through 2023. The value, expressed in Billion Euros, stood at 23.16 in 2023. Initially, from 2013 to 2016, the sector experienced consistent annual declines, followed by slight recoveries and reductions. Notably, 2020 marked a substantial drop of -24.07% YoY, with a moderate recovery in subsequent years. From 2022 to 2023, there was a slight decrease of -0.96% YoY.
Looking forward, forecasts indicate a continuing downward trend with a significant decline in the sector's value, projected to decrease at a CAGR of -5.58% over the next five years, culminating in a total reduction of -24.95% by 2028.
Future trends to watch for include:
- Adoption of renewable energy sources and its impact on the sector.
- Technological advancements in transmission and distribution networks.
- Regulatory changes and government policies aimed at reducing carbon footprint.
- Investment in grid modernization and resilience.
