Norway Power Market Trends and Analysis by Capacity, Generation, Transmission, Distribution, Regulations, Key Players and Forecast to 2035

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Norway Power Market Report Overview

The cumulative installed capacity in the Norway power market was 40.6 GW in 2022. In 2022, hydropower dominated the capacity segment, followed by renewable and thermal power. The installed capacity is expected to grow at a CAGR of more than 1% during 2022-2035.

Norway’s electricity sector is currently self-sufficient, and the country has been able to easily maneuver through the recent global rise in energy prices due to its well-developed hydropower capacity and abundant reserves of oil and gas.

Norway Power Market Outlook, 2022-2035 (GW)

Norway Power Market Outlook, 2022-2035 (GW)

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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 2035. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are also covered in the report. Furthermore, the report includes 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. Our analysts have also included data on deals in the country’s power sector in the report.

Cumulative Installed Capacity (2022) 40.6 GW
CAGR (2022-2035) >1%
Historical Period 2010-2022
Forecast Period 2023-2035
Key Sectors ·        Industrial Sector

·        Residential Sector

·        Commercial Sector

·        Transport Sector

Key Deal Types ·        Partnerships

·        Debt Offerings

·        Acquisitions

·        Venture Financing

·        Asset Transactions

Key Companies ·        Statkraft AS

·        Norsk Hydro ASA

·        Lyse AS

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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, transport sector, and other sectors. In 2022, the industrial sector accounted for the highest share of power consumption in the Norway power market, followed by the residential sector and the commercial sector.

Norway Power Generation by Sectors, 2022 (%)

Norway Power Generation by Sectors, 2022 (%)

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Norway Power Market Segmentation by Deal Types

The key deal types recorded in the Norway power market in 2022 are partnerships, debt offerings, acquisitions, venture financing, and asset transactions, among others. Partnerships dominated Norway’s power market deals in 2022, followed by debt offerings.

Norway Power Market Analysis by Deal Types, 2022 (%)

Norway Power Market Analysis by Deal Types, 2022 (%)

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Norway Power Market – Competitive Landscape

A few of the leading companies in the Norway power market are:

  • Statkraft AS
  • Norsk Hydro ASA
  • Lyse AS

In 2022, Norway’s power generation market was dominated by Statkraft AS.

Statkraft AS: The company develops hydroelectric power plants in emerging markets outside Europe. They also plan, develop, construct, and operate energy facilities and conduct physical and financial energy trading in European energy exchanges. The company’s services include analysis and consulting services, and energy services, among others. It serves customers in Norway, Germany, Sweden, the UK, Albania, Brazil, Peru, and other countries. It is headquartered in Oslo, Norway.

Norway Power Market Analysis by Companies, 2022 (%)

Norway Power Market Analysis by Companies, 2022 (%)

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Segments Covered in the Report

Norway Power Type Outlook (Value, 2010-2035, GW)

  • Industrial Sector
  • Residential Sector
  • Commercial Sector
  • Transport Sector

Norway Power Market Deal Type Outlook (Value, 2010-2035, GW)

  • Partnerships
  • Debt Offerings
  • Acquisitions
  • Venture Financing
  • Asset Transactions

Scope

The Norway power market report includes the following:

  • Snapshot of the country’s power sector across parameters, including 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 2022, and forecast for the next 13 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 market opportunities and business plan strategies through our comprehensive analysis of investment opportunities in the country’s power sector.
  • Identify key factors driving investment opportunities in the country’s power sector.
  • Optimize strategic decision-making through our historical and forecast data.
  • Create accurate data governance by understanding the latest regulatory events.
  • Understand 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.

Statkraft AS
Hafslund E-Co AS
Norsk Hydro ASA
Lyse AS
Agder Energi AS

Table of Contents

  • 1. Table of Contents
  • 2. List of Figures
  • 3. List of Tables

    • 3.1. Executive Summary

      • 3.1.1. Norway must look to develop renewable capacity to ensure supply security in the long run
      • 3.1.2. Statkraft continues to dominate the generation market

  • 4. Introduction

    • 4.1. Norway Power Market
    • 4.2. GlobalData Report Guidance

  • 5. Norway Power Market, Snapshot

    • 5.1. Country Summary
    • 5.2. Macroeconomic Factors
    • 5.3. Supply Security
    • 5.4. Opportunities
    • 5.5. Challenges
    • 5.6. Geopolitical crisis

  • 6. Norway Power Market, Market Analysis

    • 6.1. Market Structure
    • 6.2. Key Market Players
    • 6.3. Financial Deals

      • 6.3.1. Deal Value and Volume, 2010–2022
      • 6.3.2. Deals by Type, 2022

    • 6.4. Norway Power Market, Demand Structure

      • 6.4.1. Power Consumption by Sector, 2022

  • 7. Norway Power Market, Regulatory Scenario

    • 7.1. Renewable Energy Market, Overview
    • 7.2. Policy Snapshot
    • 7.3. Renewable Energy Targets
    • 7.4. Energy Act
    • 7.5. National Climate Plan

      • 7.5.1. Norway’s long-term low-emission strategy for 2050

    • 7.6. Climate Change Act
    • 7.7. Hydrogen Energy
    • 7.8. Auctions
    • 7.9. Guarantees of Origin (GO)
    • 7.10. Energi21
    • 7.11. Watercourse Regulation Act
    • 7.12. Waterfall Rights Act
    • 7.13. Act on Offshore Renewable Energy Production (The Offshore Energy Act)
    • 7.14. Green Recovery Package
    • 7.15. Green Conversion Package

  • 8. Norway Power Market, Capacity and Generation

    • 8.1. Cumulative Capacity Share by Technology, 2022
    • 8.2. Total Power Capacity and Generation, 2010–2035
    • 8.3. Thermal Power Capacity and Generation, 2010–2035
    • 8.4. Hydropower Capacity and Generation, 2010–2035
    • 8.5. Renewable Power Capacity and Generation, 2010–2035

  • 9. Norway Power Market, Transmission and Distribution Overview

    • 9.1. Transmission Network
    • 9.2. Distribution Network
    • 9.3. Electricity Import and Export
    • 9.4. Grid Interconnection

  • 10. Norway Power Market, Major Generating Companies

    • 10.1. Statkraft AS

      • 10.1.1. Company Overview
      • 10.1.2. Business Description
      • 10.1.3. SWOT Overview

    • 10.2. Norsk Hydro ASA

      • 10.2.1. Company Overview
      • 10.2.2. Business Description
      • 10.2.3. SWOT Overview

    • 10.3. Lyse AS

      • 10.3.1. Company Overview

  • 11. Appendix

    • 11.1. Abbreviations
    • 11.2. Market Definitions

      • 11.2.1. Power
      • 11.2.2. Renewable Power
      • 11.2.3. Installed Capacity
      • 11.2.4. Electricity Generation
      • 11.2.5. Electricity Consumption

    • 11.3. Methodology

      • 11.3.1. Coverage
      • 11.3.2. Secondary Research
      • 11.3.3. Primary Research
      • 11.3.4. Modelling and Forecasting

  • 12. About GlobalData
  • 13. Contact Us

Table

Table 1: Power Market, Norway, Macroeconomic Factors, 2010–2030

Table 2: Policy Snapshot, Norway, 2022

Table 3: Power Market, Norway, Cumulative Capacity and Annual Generation, 2010–2035

Table 4: Power Market, Norway, Cumulative Capacity and Annual Generation Share by Technology, 2010–2035

Table 5: Thermal Power Market, Norway, Cumulative Capacity and Annual Generation, 2010–2035

Table 6: Thermal Power Market, Norway, Major Plants, 2022

Table 7: Hydropower Market, Norway, Cumulative Capacity and Annual Generation, 2010–2035

Table 8: Hydropower Market, Norway, Major Plants, 2022

Table 9: Renewable Power Market, Norway, Cumulative Capacity (GW), 2010–2035

Table 10: Renewable Power Market, Norway, Annual Generation (TWh), 2010–2035

Table 11: Renewable Power Market, Norway, Major Plants, 2022

Table 12: Power Market, Norway, Transmission Line Length (Ckm) by Voltage Level, 2010–2027

Table 13: Power Market, Norway, Distribution Line Length (Ckm) by Voltage Level, 2010–2025

Table 14: Power Market, Norway, Annual Electricity Import and Export (TWh), 2000–2022

Table 15: Power Market, Norway, Upcoming Interconnection Projects

Table 16: Abbreviations

Figures

Figure 1: Renewable Power Market, Norway, Cumulative Capacity, 2010–2035

Figure 2: Power Market, Norway, Market Share of Generation Companies (%), 2022

Figure 3: Power Market, Norway, Country Summary

Figure 4: Power Market, Norway, Macroeconomic Factors, 2010–2030

Figure 5: Power Market, Norway, Market Structure

Figure 6: Power Market, Norway, Market Share of Generation Companies (%), 2022

Figure 7: Power Market, Norway, Deal Value and Number of Deals, 2010–2022

Figure 8: Power Market, Norway, Deals by Type (%), 2022

Figure 9: Power Market, Norway, Annual Power Consumption, 2010–2035

Figure 10: Power Market, Norway, Power Consumption by Sector (%), 2022

Figure 11: Power Market, Norway, Cumulative Capacity Share by Technology (%), 2022

Figure 12: Power Market, Norway, Cumulative Capacity and Annual Generation, 2010–2035

Figure 13: Power Market, Norway, Capacity Share by Technology, 2010–2035

Figure 14: Power Market, Norway, Annual Generation Share by Technology, 2010–2035

Figure 15: Thermal Power Market, Norway, Cumulative Capacity and Annual Generation, 2010–2035

Figure 16: Hydropower Market, Norway, Cumulative Capacity and Annual Generation, 2010–2035

Figure 17: Renewable Power Market, Norway, Cumulative Capacity, 2010–2035

Figure 18: Renewable Power Market, Norway, Annual Generation, 2010–2035

Figure 19: Power Market, Norway, Annual Electricity Import and Export, 2000–2022

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