Finland Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035
Finland Power Market Report Overview
The cumulative installed capacity in the Finland power market was 18.5 GW in 2021. The market is expected to grow at a CAGR of more than 4% during the forecast period. Electricity consumption declined by 5.7% in 2020 as compared to 2019 due to national lockdowns imposed by the Finnish government to curb the spread of COVID-19. However, consumption levels increased by 6.9% in 2021 compared to 2020.
The Finland power market research report discusses the power market structure of Finland and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, market structure, power capacity and generation, regulations, transmission and distribution overview, electricity import and export scenario, leading power generating companies and their SWOT analysis, and future potential in the market.
Finland Power Market Outlook
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Finland Power Market Dynamics
Finland has a highly developed market-based industrialized economy. The country joined the European Union (EU) in 1995 and the Eurozone in 1999. The country adopted the Euro as its national currency in 2002 and since then, the country has witnessed rapid growth. The country’s major imports are crude petroleum, vehicle parts, and broadcasting equipment, whereas major exports are refined petroleum, kaolin-coated paper, cars, and vegetable parchment. The country’s major trading partners are Germany, Sweden, Russia, China, and the US.
The Finnish Energy Authority, Energiavirasto, is a licensing and regulatory authority that regulates and promotes the operation of the electricity and gas markets, emission reductions, energy efficiency and the use of renewable energy in Finland. The Energy Authority conducts auctions for renewable power projects and governs the Feed-in Tariff scheme (FiT) in the country. It is to be noted that FiTs for new renewable power projects were stopped in 2018 and replaced by competitive bidding/auctions and is currently the major subsidy for new renewable power projects.
Finland Power Market Segmentation by Sectors
The key sectors in the Finland power market are the residential sector, commercial sector, industrial sector, and transport sector among others. In 2021, the industrial sector had the dominant share in the power consumption market followed by the residential and commercial sectors.
Finland Power Market Analysis by Sectors
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Finland Power Market – Competitive Landscape
Some of the key players in the Finland power market are Fortum Corp, Pohjolan Voima Oy, Teollisuuden Voima Oyj, Kemijoki Oy, and Tuuliwatti Oy. In 2021, Finland’s power generation market was dominated by Fortum Corp.
Finland Power Market Analysis by Key Players
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Market report scope
| Market Size (Year – 2021) | 18.5 GW |
| Growth Rate (CAGR) | >4% |
| Forecast Period | 2022-2035 |
| Key Sectors | Residential Sector, Commercial Sector, Industrial Sector, and Transport Sector |
| Key Players | Fortum Corp, Pohjolan Voima Oy, Teollisuuden Voima Oyj, Kemijoki Oy, and Tuuliwatti Oy |
Scope
- Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity imports and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
- Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast for the next 14 years to 2035
- Capacity, generation, and major power plants by technology
- Data on leading active and upcoming power plants
- Information on transmission and distribution infrastructure, and electricity imports and exports
- Policy and regulatory framework governing the market
- Detailed analysis of top market participants, including market share analysis and SWOT analysis
Reasons to Buy
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
- Identify key factors driving investment opportunities in the country’s power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development avenues
- Identify key strengths and weaknesses of important market participants
- Respond to your competitors’ business structure, strategy, and prospects
Key Players
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The cumulative installed cumulative in the Finland power market was 18.5 GW in 2021.
The power market in Finland is expected to grow at a CAGR of more than 4% during the forecast period.
The key sectors in the Finland power market are the residential sector, commercial sector, industrial sector, and transport sector.
Some of the key players in the Finland power market are Fortum Corp, Pohjolan Voima Oy, Teollisuuden Voima Oyj, Kemijoki Oy, and Tuuliwatti Oy.
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