From 2013 to 2023, renewable energy consumption in Sweden increased steadily with some fluctuations, reaching a value of 59.29 units of Final Energy Consumption in 2023, reflecting an average annual Compound Annual Growth Rate (CAGR) of 2.83%. The year-on-year variation from 2022 to 2023 was 1.86%. Notable annual changes include a substantial 10.46% increase in 2020 and a slight decrease in 2021 by -2.19%.
Looking towards 2028, the forecast indicates continued growth at a steady rate. With renewable energy consumption projected to reach 64.64 units, the anticipated 5-year CAGR is 1.38%, reflecting a total growth rate of 7.07% from 2024 to 2028.
Future trends to watch for:
- Technological advancements in renewable energy sources.
- Government policies and incentives to promote renewable energy.
- Impact of global energy market fluctuations on renewable energy investments.
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