The electric power generation, transmission, and distribution sector in Spain saw fluctuating trends from 2013 to 2023. The value stood at 47.96 billion Euros in 2023. Between 2013 and 2016, there was a significant decline in production, followed by a moderate recovery from 2017 onwards. The latest figures show a gradual year-on-year increase for the past two years at 1.14% and 1.12% respectively. The average annual growth rate over the last five years (CAGR) until 2023 was marginally negative at -0.36%. The forecast up to 2028 predicts a modest CAGR of 0.83%, translating to a total growth rate of 4.23% over the next five years.

Future trends to watch for:

Continued moderate growth driven by renewable energy investments.
Impact of regulatory changes and government incentives on production levels.
Technological innovations in energy efficiency and smart grid applications.
Evolving consumer demand and its effect on transmission and distribution infrastructure needs.