Sweden Power Market Outlook to 2035 – Market Trends, Regulations and Competitive Landscape
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Sweden Power Market Report Overview
The annual power consumption in Sweden was 124.2 Terawatt hours (TWh) in 2022. The demand is expected to increase marginally at a CAGR of more than 1% during 2022-2035 primarily driven by the industrial and residential sectors. Majority of Sweden’s annual power generation comes from clean energy. This enables Sweden to export surplus electricity making it a net exporter of electricity. Finland and Lithuania are the major countries to which Sweden exports electricity, while it imports electricity majorly from Norway and Denmark.
Sweden Power Market Outlook (2022-2035)
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The Sweden power market research report discusses the power market in the country in-depth and predicts future outcomes until 2035. Detailed coverage of the regulations and policies governing the market is also provided in the report. The Sweden power market report highlights the cumulative installed capacity and power generation trends by individual generation source from 2010 to 2035 in the country’s power market. Furthermore, the report also provides company snapshots of a few of the major market participants.
Total Power Consumption (2022) | 124.2TWh |
CAGR (2022-2035) | >1% |
Historical Period | 2010-2022 |
Forecast Period | 2023-2035 |
Key Sector | · Industrial Sector
· Residential Sector · Commercial Sector · Transport Sector |
Key Deal Types | · Asset Transactions
· Partnerships · Debt Offerings · Acquisition · Venture Financing · Equity Offerings · Private Equity |
Key Companies | · Vattenfall AB
· Uniper SE · Fortum Corp · Statkraft SF · Skelleftea Kraft AB |
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Sweden Power Market by Sectors
The industrial sector had the dominant share in power consumption in 2022
The key sectors in the Sweden power market are the residential sector, industrial sector, transport sector, commercial sector, and other sectors. In 2022, the industrial sector had the dominant share in power consumption, followed by the residential sector and the commercial sector.
Sweden Power Consumption Market Analysis by Sectors, 2022 (%)
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Sweden Power Market Segmentation by Deal Types
Most of the deals in the Sweden power market were asset transactions in 2022
The key deal types recorded in the Sweden power market in 2022 were partnerships, debt offerings, acquisitions, asset transactions, and others. Based on deal type, Sweden’s power market was dominated by asset transactions in 2022, followed by partnerships and debt offerings.
Sweden Power Market Analysis by Deal Types, 2022 (%)
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Sweden Power Market – Competitive Landscape
In 2022, Sweden’s power generation market was dominated by Vattenfall AB
The key companies in the Sweden power market include:
- Vattenfall AB
- Uniper SE
- Fortum Corp
- Statkraft SF
- Skelleftea Kraft AB
Vattenfall AB: Vattenfall AB (Vattenfall) is a state-owned energy company that generates, distributes, and sells electricity and heat. The company also conducts gas and energy trading sales. Vattenfall generates power through various sources of energy including wind, nuclear, hydro, natural gas, solar, coal, biomass and waste and produces and distributes district heating and supplies to households and industries in metropolitan areas. In addition, the company provides energy services such as battery storage, network services, charging solutions for electric vehicles, heat pumps, solar panels, and smart meters. It serves households, businesses, electricity, and gas customers. The company has its presence in Denmark, Finland, Germany, the Netherlands, and the UK among others. Vattenfall is headquartered in Solna, Stockholm, Sweden.
Sweden Power Generation Market Analysis by Companies, 2022 (%)
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Latest Developments
- In February 2023, Vattenfall AB along with its partners launched a new EMRED JIP for assessing greenhouse gas emissions in the offshore wind installation sector. The project will focus on the foundation of installation vessels, wind turbine installation vessels and cable laying vessels. This will result in creating the benchmark standards for the operations in the industry.
- In March 2023, Uniper SE partnered with Plug Power Inc. to design the electrolyzer technology for its Maasvlakte site at the Port of Rotterdam. Uniper plans to commission Plug electrolysis capacity of 100 MW by 2026, expanding to 500 MW by 2030 at the latest.
Segments Covered in the Report
Sweden Power Type Industry Outlook (Value, 2010-2035)
- Residential Sector
- Industrial Sector
- Transport Sector
- Other Sector
- Commercial Sector
Sweden Power Market Deal Type Outlook (Value, 2010-2035)
- Asset Transactions
- Partnerships
- Debt Offerings
- Acquisition
- Venture Financing
- Equity Offerings
- Private Equity
Scope
- Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity imports and exports 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, 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 historical 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.
Table of Contents
Table
Figures
Frequently asked questions
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What was the total power consumption in Sweden's power market in 2022?
The annual power consumption in Sweden was 124.2TWh in 2022.
-
What is the Sweden power market growth rate?
The Sweden power market is expected to grow at a CAGR of more than 1% during 2022-2035.
-
Which sector dominated the Sweden power market in terms of consumption?
In 2022, the industrial sector had the dominant share in power consumption in the Sweden power market.
-
Which was the preferred deal type in the Sweden power market?
Based on deal type, Sweden’s power market was dominated by asset transactions in 2022.
-
Who are the key market players in the Sweden power market?
The key companies in the Sweden power market include Vattenfall AB, Uniper SE, Fortum Corp, Statkraft SF, and hkelleftea Kraft AB, among others.
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