In 2023, Denmark led European countries in Gross Heat Production of Electricity with its figure standing at 1.51 thousand gigawatthours, marking an impressive year-on-year increase of 38.17%. Norway followed with a modest rise of 0.18%. Conversely, Ukraine and Slovakia experienced declines at -1.06% and -1.38%, respectively. Sweden recorded the largest drop at -33.06%. Moderate growth was observed in Finland and France, at 3.3% and 2.9%. Hungary remained stable, while Austria's production grew by 16.52%. Lithuania and Latvia showed slight negative trends.
Future trends to watch include:
- Denmark continuing its upward trajectory by enhancing sustainable heat production methods.
- Establishing initiatives in Sweden to counter the significant decline in production.
- Exploration of growth in emerging markets like Kosovo with their current upward trend.
- Focus on policy interventions in countries with minimal growth, such as Hungary and Latvia.
Top countries in Gross Heat Production of Electricity by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 1,510 | 2023 | +21.64% | +38.17% | View data |
| 2 | 2 Norway | 758.94 | 2023 | +0.54% | +0.18% | View data |
| 3 | 3 Ukraine | 357.69 | 2023 | +4.8% | -1.06% | View data |
| 4 | 4 Kosovo | 337.15 | 2023 | +6.77% | +9.04% | View data |
| 5 | 5 Iceland | 250.16 | 2023 | +1.32% | +0.3% | View data |
| 6 | 6 Sweden | 25.83 | 2023 | -61.11% | -33.06% | View data |
| 7 | 7 Hungary | 22.08 | 2023 | +2.82% | View data | |
| 8 | 8 Finland | 21.57 | 2023 | +13.61% | +3.3% | View data |
| 9 | 9 Slovakia | 17.11 | 2023 | -1.24% | -1.38% | View data |
| 10 | 10 Austria | 6.55 | 2023 | +0.015% | +16.52% | View data |
