Market Size of Sweden Wind Energy Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 6.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sweden Wind Energy Market Analysis
Sweden's wind energy market is projected to register a CAGR of over 6% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has now reached pre-pandemic levels.
- Over the medium term, increasing wind energy installed capacity and upcoming projects in the country will likely drive the Sweden wind energy market during the forecast period.
- On the other hand, wind turbines' maintenance or replacement cost is expected to restrain the Swedish wind energy market.
- Nevertheless, Sweden targets to achieve 100% renewable energy consumption by 2040 and 0% emissions of greenhouse gases by 2045. These targets will likely create an excellent opportunity for Sweden's wind energy market in the future.
