Norway Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035
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Norway Power Market Overview
The cumulative installed capacity in the Norway power market was 39.9 GW in 2021. It is expected to grow at a CAGR of more than 2% during 2021-2035.
Norway Power Market Outlook 2021-2035 (GW)
The Norway power market research report discusses the power market structure of Norway and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. 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, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country’s power sector is also included in the report.
Cumulative installed capacity (Year – 2021) | 39.9 GW |
CAGR (2021-2035) | >2% |
Forecast period | 2022-2035 |
Deal types | Equity Offerings, Partnership, Debt Offerings, Asset Transaction, Acquisition, Private Equity, Merger, and Venture Financing |
Key sectors | Industrial Sector, Residential Sector, Commercial Sector, and Transport Sector |
Key players | Statkraft AS, Hafslund E-Co AS, Norsk Hydro ASA, Agder Energi AS, and Lyse AS |
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Norway Power Market Dynamics
Norway is excessively dependent on hydropower which led to lower generation in the years that witness lower than average rainfall, causing Norway to depend on imports to make up for the loss. However, the fact that Norway is connected to the UK, Germany, Denmark, the Netherlands, Sweden, and Finland ensures energy security. Norway has large reserves of oil and gas, but these have been used sparingly for power generation due to the large availability of hydropower. The government is focusing on increasing the use of renewable resources. Norway has excellent wind power potential, especially for offshore wind in the North Sea. The country has been immune from the effects of the Ukraine crisis due to a self-sufficient electricity supply and a good interconnection network with European countries. It is the second-largest exporter of natural gas to the European region after Russia.
In Norway, the energy policy is regulated by the NVE (Noregs Vassdrags og Energidirektorat) that operates under the Ministry of Petroleum and Energy. The power generation segment is dominated by Statkraft AS, Hafslund E-Co AS, Norsk Hydro ASA, Agder Energi AS, and Lyse AS. Statnett owns and operates Norway’s high-voltage electricity transmission grid. As the system operator, Statnett also monitors the interconnected networks, manages grid emergencies, and ensures that reliability, voltage, and frequency targets are met.
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Noway Power Market Segmentation by Deal Types
The deal types in Norway power market are equity offerings, partnership, debt offerings, asset transaction, acquisition, private equity, merger, and venture financing.
Norway Power Market Analysis by Deal Types, 2021 (%)
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Norway Power Market Segmentation by Sectors
The key sectors in the Norway power market are the industrial sector, residential sector, commercial sector, and transport sector. In 2021, the industrial sector had the dominant share in power consumption.
Norway Power Market Analysis by Sectors, 2021 (%)
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Norway Power Market – Competitive Landscape
Some of the key players in the Norway power market are Statkraft AS, Hafslund E-Co AS, Norsk Hydro ASA, Agder Energi AS, and Lyse AS. In 2021, Norway power generation market was dominated by Statkraft AS.
Norway Power Market Analysis by Companies, 2021 (%)
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Scope
This report provides:
- Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import 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.
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Frequently asked questions
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What was the Norway power market size in 2021?
The power market size in Norway was 39.9 GW in 2021.
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What is the Norway power market growth rate?
The power market in Norway is expected to grow at a CAGR of more than 2% during 2021-2035.
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What are the deal types in the Norway power market?
The deal types in Norway power market are equity offerings, partnership, debt offerings, asset transaction, acquisition, private equity, merger, and venture financing.
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What are the key sectors in the Norway power market?
The key sectors in the Norway power market are the industrial sector, residential sector, commercial sector, and transport sector.
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Who are the key players in the Norway power market?
Some of the key players in the Norway power market are Statkraft AS, Hafslund E-Co AS, Norsk Hydro ASA, Agder Energi AS, and Lyse AS.
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