0
0
Home > Power >  Sweden Power Market Outlook to 2030, Update 2021 – Market Trends, Regulations, and Competitive Landscape

Sweden Power Market Outlook to 2030, Update 2021 – Market Trends, Regulations, and Competitive Landscape

This report discusses the power market structure of Sweden 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.

Sweden power market overview

Sweden power market overview

For more insights, download a free report sample

Thermal power generation share to become negligible in Sweden by 2030

Installed thermal power capacity declined from 3.8 GW in 2000 to 3.2 GW in 2020, at a negative CAGR of 0.9%. Thermal power is the least prominent source for power generation in Sweden. The country is rapidly decommissioning thermal power plants to meet its carbon emission reduction targets. By 2030, the cumulative thermal power capacity is expected to decline. In 2020, the country decommissioned its last coal-fired power plant and thus has become the third European country after Belgium and Austria to phase out coal power. The country also plans to decommission several oil and gas-fired power plants by 2030. The phase out of coal power plants and the gradual decommissioning of oil and gas-fired plants will be offset with a simultaneous and gradual increase in renewable power capacity. Annual generation share from thermal power sources is expected to decline from 1.0% in 2020 to 0.5% in 2030.

How is the Swedish power market structured?

The Swedish Energy Agency (Energimyndigheten) works on behalf of the Swedish government, in the Ministry of Infrastructures area of responsibility to carry out the directives laid down by the government. However, the actual regulation of the energy markets, including the electricity market, is carried out by the Energy Markets Inspectorate.

Who are the key players in the Swedish power market?

The power generation segment is dominated by Vattenfall AB, Fortum Corp, Statkraft Sverige AB, and Skelleftea Kraft AB. Together, these 4 companies contributed a share of over 65% in 2020. The is transmission segment is a monopoly in Sweden and is owned and operated by the state-owned company Svenska Kraftnät. The company is responsible for the maintenance and expansion of the transmission grid in the country. The generation and distribution segments have been privatized and exposed to competition. The major distribution and supply companies in the country are Vattenfall AB, E.ON, and Ellevio.

Swedish power market, by key players

Swedish power market, by key players

To know more about key companies, download the free report sample

Where are the opportunities in the Swedish power market?

Opportunities for investment in the power sector are expected mainly in the fields of energy efficiency and renewable power – as the government is emphasizing a reduction in power consumption. The power consumption in the country has fairly remained constant over the last 2 decades; ranging from 125 TWh to 140 TWh. By 2030, the consumption will remain in the same range, increasing marginally to 135.6 TWh in 2030. With the government pushing for energy efficiency measures, the demand for smart meters and other equipment related to smart grids is expected to increase.

What are the challenges faced by the Swedish power market?

High dependence on hydropower for power generation and lack of transmission grid capacity are the major challenges hampering the growth of the power sector in Sweden. The country is heavily dependent on hydropower for meeting its power needs. Hydropower accounted for a share of more than 40% in the generation mix in 2020. High dependence on a single source for power generation can hamper the country’s energy security. The country may look to expand its renewable power capacity, particularly offshore wind capacity in coming years.

How has COVID-19 affected the Swedish power market?

Sweden was one of the few countries globally which did not impose any national lockdowns to curb the spread of COVID-19. The country resorted to social distancing measures and travel restrictions to stop the spread of the pandemic. This resulted in minimal impact to the Swedish economy in 2020.

With respect to power sector, the country’s annual power consumption declined by more than 3% in 2020 as compared to 2019. Restrictions to cub the spread of COVID-19 resulted in reduced power demand in the country. In 2020, the Swedish government announced it will stop rebate scheme for rooftop solar PV from January 2021. However, after several requests, the government extended the rebate program until the end of 2021 but only for municipalities and enterprises at a limited budget of SEK 260m ($29.6 million).

Market report scope

Cumulative power capacity (Year – 2020) 43.6 GW
Base year for estimation 2020
Market overview by Capacity & generation, and transmission & distribution
Forecast period 20212030
Key companies Vattenfall AB, Fortum Corp, Statkraft Sverige AB, and Skelleftea Kraft AB.

 

This report provides a comprehensive analysis of the power market in Iran and contains the following sections:

  • The executive summary captures the key trends in the country’s power market.
  • The “Sweden Power Market, Snapshot” section provides a snapshot of the key parameters that affect the country’s power sector, as well as key points about the country’s power market including opportunities, challenges, and the impact of COVID-19.
  • The “Sweden Power Market, Market Analysis” section provides the market structure, generation market share, deals, and demand structure.
  • The “Sweden Power Market, Regulatory Scenario” section details the regulations and policies in the country’s power sector.
  • The “Sweden Power Market, Capacity and Generation” section provides information on cumulative installed capacity and annual generation trends, by individual generation source.
  • The “Sweden Power Market, Transmission and Distribution Overview” section discusses the power T&D infrastructure, electricity import and export, grid interconnections, and electricity trading.

The “Sweden Power Market, Major Generating Companies” section discusses the major electricity generating companies in the country.

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

Companies Mentioned

Vattenfall AB, Fortum Corp, Statkraft Sverige AB, Skelleftea Kraft AB

Table of Contents

Table of Contents

| About GlobalData

1. Executive Summary

1.1 Thermal power generation share to become negligible in Sweden by 2030

1.2 Onshore wind and biopower to lead renewable power market in Sweden

2. Introduction

2.1 Sweden Power Market

2.2 GlobalData Report Guidance2

3. Sweden Power Market, Snapshot

3.1 Country Summary

3.2 Macroeconomic Factors

3.3 Supply Security

3.4 Opportunities

3.5 Challenges

3.6 Impact of COVID-19

4. Sweden Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

– Deal Value and Volume, 2010-2020

– Deals by Type, 2020

4.4 Sweden Power Market, Demand Structure

– Power Consumption by Sector, 2020

5. Sweden Power Market, Regulatory Scenario

5.1 Renewable Energy Market, Overview

5.2 Renewable Energy Targets

5.3 Climate Act and Climate Policy Framework

5.4 National Energy and Climate Plan (NECP)

5.5 Hydrogen Energy

5.6 Green Certificate Scheme

– Quota Obligation

5.7 Solar Rebate Scheme

5.8 Cancellation of Solar Tax for Commercial PV

5.9 Removal of the Building Permit for Solar Systems

5.10 Energy Tax

5.11 Carbon Tax

5.12 The Swedish Energy Research and Innovation Program

6. Sweden Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2020

6.2 Total Power Capacity and Generation, 2000-2030

6.3 Thermal Power Capacity and Generation, 2000-2030

6.4 Hydropower Capacity and Generation, 2000-2030

6.5 Nuclear Power Capacity and Generation, 2000-2030

6.6 Renewable Power Capacity and Generation, 2000-2030

7. Sweden Power Market, Transmission and Distribution Overview

7.1 Transmission Network

7.2 Distribution Network

7.3 Electricity Import and Export

7.4 Grid Interconnection

7.5 Electricity Trading

8. Sweden Power Market, Major Generating Companies

8.1 Vattenfall AB

– Company Overview

– Business Description

– SWOT Overview

8.2 Fortum Corp

– Company Overview

– Business Description

– SWOT Overview

9. Appendix

9.1 Abbreviations

9.2 Market Definitions

– Power

– Renewable Power

– Installed Capacity

– Electricity Generation

– Electricity Consumption

9.3 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

| Contact Us

List of Tables

List of Tables

Table 1: Power Market, Sweden, Macroeconomic Factors, 2000-2030

Table 2: Energy and Emission Targets, NECP, Sweden

Table 3: Renewable Energy Quota Obligation (MWh), Norway, 2019-2035

Table 4: Power Market, Sweden, Cumulative Capacity and Annual Generation, 2000-2030

Table 5: Power Market, Sweden, Cumulative Capacity and Annual Generation Share by Technology, 2000-2030

Table 6: Thermal Power Market, Sweden, Cumulative Capacity and Annual Generation, 2000-2030

Table 7: Thermal Power Market, Sweden, Major Plants, 2020

Table 8: Hydropower Market, Sweden, Cumulative Capacity and Annual Generation, 2000-2030

Table 9: Hydropower Market, Sweden, Major Plants, 2020

Table 10: Nuclear Power Market, Sweden, Cumulative Capacity and Annual Generation, 2000-2030

Table 11: Nuclear Power Market, Sweden, Major Plants, 2020

Table 12: Renewable Power Market, Sweden, Cumulative Capacity (GW), 2000-2030

Table 13: Renewable Power Market, Sweden, Annual Generation (TWh), 2000-2030

Table 14: Renewable Power Market, Sweden, Major Plants, 2020

Table 15: Power Market, Sweden, Transmission Line Length (Ckm) by Voltage Level, 2010-2025

Table 16: Power Market, Sweden, Distribution Line Length (Ckm) by Voltage Level, 2010-2025

Table 17: Power Market, Sweden, Annual Electricity Import and Export (TWh), 2000-2020

Table 18: Power Market, Sweden, Upcoming Interconnection Projects

Table 19: Abbreviations

List of Figures

List of Figures

Figure 1: Power Market, Sweden, Annual Generation Share by Technology, 2000-2030

Figure 2: Renewable Power Market, Sweden, Cumulative Capacity, 2000-2030

Figure 3: Power Market, Sweden, Country Summary

Figure 4: Power Market, Sweden, Macroeconomic Factors, 2000-2030

Figure 5: Power Market, Sweden, Market Structure

Figure 6: Power Market, Sweden, Market Share of Generation Companies (%), 2020

Figure 7: Power Market, Sweden, Deal Value and Number of Deals, 2010-2020

Figure 8: Power Market, Sweden, Deals by Type (%), 2020

Figure 9: Power Market, Sweden, Annual Power Consumption, 2000-2030

Figure 10: Power Market, Sweden, Power Consumption by Sector (%), 2020

Figure 11: Power Market, Sweden, Cumulative Capacity Share by Technology (%), 2020

Figure 12: Power Market, Sweden, Cumulative Capacity and Annual Generation, 2000-2030

Figure 13: Power Market, Sweden, Capacity Share by Technology, 2000-2030

Figure 14: Power Market, Sweden, Annual Generation Share by Technology, 2000-2030

Figure 15: Thermal Power Market, Sweden, Cumulative Capacity and Annual Generation, 2000-2030

Figure 16: Hydropower Market, Sweden, Cumulative Capacity and Annual Generation, 2000-2030

Figure 17: Nuclear Power Market, Sweden, Cumulative Capacity and Annual Generation, 2000-2030

Figure 18: Renewable Power Market, Sweden, Cumulative Capacity, 2000-2030

Figure 19: Renewable Power Market, Sweden, Annual Generation, 2000-2030

Figure 20: Power Market, Sweden, Annual Electricity Import and Export, 2000-2020

Frequently Asked Questions

Sweden’s total cumulative power capacity in 2020 was 43.6 GW.

The power generation segment is dominated by Vattenfall AB, Fortum Corp, Statkraft Sverige AB, and Skelleftea Kraft AB.

Renewable power was the dominant source of power in 2020, accounting for more than 35% of total installed capacity.

The Swedish Energy Agency (Energimyndigheten) works on behalf of the Swedish Government, in the Ministry of Infrastructures area of responsibility to carry out the directives laid down by the government. However, the actual regulation of the energy markets, including the electricity market, is carried out by the Energy Markets Inspectorate.

Power consumption increased from 135.5 TWh in 2000 to 122.7 TWh in 2020, declining at a negative CAGR of 0.5%.

In 2020, the industrial sector had the dominant share in power consumption accounting for more than 35%.

The power grid in Sweden is owned and operated by the state-owned grid company, Svenska Kraftnät. It consists of several national and regional voltage categories, ranging from High-Voltage Direct Current (HVDC) connections to those as low as 220 kilovolts (kV). The main responsibilities of the transmission operator are long-term planning and maintaining grid efficiency and safety.

    Pricing

Discounts available for multiple purchases.

reportstore@globaldata.com
+44 20 7947 2960

Join our mailing list

Saved reports