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Renewable Energy in Norway

Publisher MarketLine
Published May 22, 2025
Length 46 Pages
SKU # MTLN20304002

Description

Renewable Energy in Norway

Summary

Renewable Energy in Norway industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Renewable energy market includes net generation of electricity through renewable sources. Market is segmented into hydroelectricity, wind, solar PV, biopower, and geothermal. Market volume represents the net volume of electricity produced through renewable means. Market value is calculated by multiplying the amount of electricity produced by the wholesale price.
  • The Norwegian renewable energy market recorded revenues of $6,958.2 million in 2024, representing a compound annual growth rate (CAGR) of 3.4% between 2019 and 2024.
  • Market production volume increased with a CAGR of 3.7% between 2019 and 2024, reaching a total of 155,764.4 GWh in 2024.
  • In 2024, the Norwegian renewable energy production recorded an annual growth of 3.1% due to the substantial increase in installed renewable energy capacity. According to the US EIA, in 2024, the Norwegian renewable electricity installed capacity reached 38.7 million kilowatts (kW), up 0.7% annually.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the renewable energy market in Norway
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in Norway
  • Leading company profiles reveal details of key renewable energy market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Norway renewable energy market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the Norway renewable energy market by value in 2024?
  • What will be the size of the Norway renewable energy market in 2029?
  • What factors are affecting the strength of competition in the Norway renewable energy market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Norway's renewable energy market?

Table of Contents

46 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
8 Company Profiles
8.1. Vattenfall AB
8.2. Statkraft AS
8.3. Hafslund Produksjon Holding AS
8.4. Scatec ASA
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Norway renewable energy market value: $ million, 2019-24
Table 2: Norway renewable energy market volume: GWh, 2019-24
Table 3: Norway renewable energy market category segmentation: % share, by value, 2019-24
Table 4: Norway renewable energy market category segmentation: $ million, 2019-24
Table 5: Norway renewable energy market geography segmentation: $ million, 2024
Table 6: Norway renewable energy market value forecast: $ million, 2024-29
Table 7: Norway renewable energy market volume forecast: GWh, 2024-29
Table 8: Vattenfall AB: Key Facts
Table 9: Vattenfall AB: Key Employees
Table 10: Statkraft AS: Key Facts
Table 11: Statkraft AS: Key Employees
Table 12: Hafslund Produksjon Holding AS: Key Facts
Table 13: Hafslund Produksjon Holding AS: Key Employees
Table 14: Scatec ASA: Key Facts
Table 15: Scatec ASA: Annual Financial Ratios
Table 16: Scatec ASA: Key Employees
Table 17: Norway Size of Population (Million), 2020-24
Table 18: Norway Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 19: Norway GDP (Current Prices, $ Billion), 2020-24
Table 20: Norway Inflation, 2020-24
Table 21: Norway Consumer Price Index (Absolute), 2020-24
Table 22: Norway Exchange Rate, 2019-24
List of Figures
Figure 1: Norway renewable energy market value: $ million, 2019-24
Figure 2: Norway renewable energy market volume: GWh, 2019-24
Figure 3: Norway renewable energy market category segmentation: $ million, 2019-24
Figure 4: Norway renewable energy market geography segmentation: % share, by value, 2024
Figure 5: Norway renewable energy market value forecast: $ million, 2024-29
Figure 6: Norway renewable energy market volume forecast: GWh, 2024-29
Figure 7: Forces driving competition in the renewable energy market in Norway, 2024
Figure 8: Drivers of buyer power in the renewable energy market in Norway, 2024
Figure 9: Drivers of supplier power in the renewable energy market in Norway, 2024
Figure 10: Factors influencing the likelihood of new entrants in the renewable energy market in Norway, 2024
Figure 11: Factors influencing the threat of substitutes in the renewable energy market in Norway, 2024
Figure 12: Drivers of degree of rivalry in the renewable energy market in Norway, 2024

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