Market Size of Norway Renewable Energy Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 42.07 gigawatt |
| Market Volume (2029) | 48.45 gigawatt |
| CAGR (2024 - 2029) | 2.86 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Norway Renewable Energy Market Analysis
The Norway Renewable Energy Market size in terms of installed base is expected to grow from 42.07 gigawatt in 2024 to 48.45 gigawatt by 2029, at a CAGR of 2.86% during the forecast period (2024-2029).
Over the long term, favorable government policies and regulations, coupled with technological advancements in renewable energy technology, are expected to drive the market during the forecast period.
On the other hand, the intermittent nature of renewable energy will likely hinder market growth.
Nevertheless, the penetration of the hydrogen economy in the region is expected to create significant opportunities for market studies during the forecasted period.
