Sweden's hydroelectricity consumption has had a fluctuating trend from 2013 to 2023. In 2023, consumption stood at 0.66 Exajoules, representing a minor increase of 0.61% year-on-year. Over the past two years, there was a modest compound annual growth rate (CAGR) of 1.01%. Observing a longer trend, the 5-year CAGR up to 2023 showed an average yearly growth of 2.17%, illustrating a general upward trend despite short-term fluctuations.
Future forecasts from 2024 to 2028 indicate a steady state of hydroelectric consumption at 0.66 Exajoules annually, with minimal growth. The projected 5-year CAGR is expected to be approximately 0.03%, suggesting stable but stagnant consumption levels.
Trends to watch for in the future include:
- Any technological advancements that may impact hydroelectric efficiency.
- Environmental policies that could either bolster or constrain hydroelectric power generation.
- Market dynamics influencing renewable energy investment and consumption patterns in Sweden.
