Key Insights
The Sweden solar power market is experiencing robust growth, fueled by supportive government policies, increasing environmental awareness, and declining solar technology costs. With a CAGR of 23.30% from 2019 to 2024, and a projected continuation of this high growth rate through 2033, the market presents significant investment opportunities. The market size in 2025 is estimated to be around €250 million (this figure is a reasonable estimation considering a high CAGR and the relatively small size of the Swedish market compared to larger European nations), and substantial growth is expected across all segments. Residential installations are expected to lead the growth due to decreasing system prices and attractive financing options, but the commercial and industrial sectors are also showing considerable promise, driven by corporate sustainability goals and energy cost reduction initiatives. The utility-scale sector, although currently smaller, holds substantial long-term potential given Sweden's commitment to renewable energy targets and the potential for large-scale solar farms. Geographic distribution is likely to be concentrated in the southern region, benefiting from higher solar irradiance, while the central and northern regions will likely see gradual growth with advancements in solar technology suited for lower sunlight conditions. Key players like ABB Ltd., Eneo Solutions AB, and others are driving innovation and competition within the market.
The continued expansion of the Swedish solar power market hinges on several factors. Government incentives, such as feed-in tariffs and tax breaks, will remain crucial for maintaining momentum. Technological advancements, specifically in areas like more efficient photovoltaic cells and improved energy storage solutions, will further enhance the market's attractiveness. Overcoming potential restraints, such as land availability for large-scale projects and seasonal variations in solar irradiance, will be important for sustained growth. The ongoing development of smart grid infrastructure is also vital to effectively integrate the increasing amounts of solar power generated into the national electricity grid. Finally, public awareness campaigns promoting the economic and environmental benefits of solar energy are crucial for further driving adoption across all market segments.

Sweden Solar Power Market: A Comprehensive Report (2019-2033)
This detailed report provides a comprehensive analysis of the Sweden solar power market, encompassing market size, growth drivers, challenges, and opportunities from 2019 to 2033. The study period covers the historical period (2019-2024), the base year (2025), and the forecast period (2025-2033), offering valuable insights for industry stakeholders, investors, and policymakers. Key market segments analyzed include photovoltaic and solar thermal technologies, across residential, commercial, industrial, and utility-scale applications, covering Southern, Central, and Northern regions of Sweden. The report features leading companies such as ABB Ltd, Eneo Solutions AB, HPSolartech AB, SVEA Renewable Solar AB, Vattenfall AB, Exeger Sweden AB, InnoVentum AB, and S-Solar AB.
Sweden Solar Power Market Concentration & Innovation
This section analyzes the competitive landscape, innovation trends, and regulatory aspects of Sweden's solar power market. We delve into market concentration metrics, including market share analysis of key players, and evaluate the impact of mergers and acquisitions (M&A) activities on market dynamics. The total M&A deal value in the Swedish solar power market from 2019 to 2024 is estimated at xx Million. Innovation drivers are examined, focusing on technological advancements, government policies, and consumer demand. Regulatory frameworks affecting market growth, such as feed-in tariffs and permitting processes, are also analyzed. We explore the influence of product substitutes (e.g., wind power) and evolving end-user trends.
- Market Share Analysis: Market share distribution amongst the key players (ABB Ltd, Vattenfall AB, etc.) will be presented, highlighting dominant players and emerging competitors. Detailed breakdowns by segment and technology will be included. Specific market share numbers will be provided.
- M&A Activity: A detailed analysis of M&A deals, including deal values and strategic implications, is included. The report will provide specific examples of M&A activity in the Swedish solar power sector.
- Innovation Drivers: Key drivers such as R&D investments, government incentives, and technological advancements driving innovation in the Swedish solar power sector are detailed, with specific examples.
- Regulatory Landscape: The report provides a thorough examination of the regulatory frameworks impacting the market, including permits, subsidies, and grid connection regulations.
Sweden Solar Power Market Industry Trends & Insights
This section provides a comprehensive overview of the Sweden solar power market trends, including market size, growth drivers, technological advancements, and consumer preferences. We will analyze the market's Compound Annual Growth Rate (CAGR) during the study period (2019-2033) which is projected to be xx%. Market penetration rates for different solar technologies and applications will be presented, along with detailed analysis of the competitive dynamics, including the strategies employed by key players to maintain market share or achieve expansion.
- Market Growth Drivers: Factors such as increasing electricity demand, government support for renewable energy, falling solar panel costs, and growing environmental awareness are examined.
- Technological Disruptions: Advancements in photovoltaic technology, energy storage solutions, and smart grid integration will be evaluated and their potential impact on market growth predicted.
- Consumer Preferences: The report will analyze shifts in consumer preferences toward renewable energy sources, and how these preferences impact the market.
- Competitive Dynamics: The competitive landscape is analyzed considering various strategic partnerships and competitive initiatives.

Dominant Markets & Segments in Sweden Solar Power Market
This section identifies the leading regions, technologies, and applications within the Sweden solar power market. We examine why these segments dominate and highlight key factors contributing to their success.
- Leading Region: Southern Sweden is expected to be the leading region due to higher solar irradiance and existing infrastructure. (Detailed explanation and analysis will be provided).
- Dominant Technology: Photovoltaic (PV) technology is expected to maintain dominance due to its cost-effectiveness and scalability. (Detailed explanation and analysis will be provided).
- Leading Application: Utility-scale solar power projects are expected to dominate due to economies of scale and government support for large-scale renewable energy projects. (Detailed explanation and analysis will be provided).
Key Drivers: Specific economic policies, favorable regulatory frameworks, and the availability of land for large-scale projects are detailed in the report.
Sweden Solar Power Market Product Developments
This section provides a concise overview of recent product innovations, focusing on technological trends and their market fit. We will examine the adoption of new materials, efficiency improvements, and integration of smart technologies in solar products, along with their competitive advantages. The report will include examples of new product launches and their market impact.
Report Scope & Segmentation Analysis
The report segments the Sweden solar power market by technology (photovoltaic and solar thermal), application (residential, commercial, industrial, and utility-scale), and region (southern, central, and northern Sweden). Each segment's growth projections, market size (in Million), and competitive dynamics will be detailed. The report will provide a comprehensive analysis of each segment's current status and future potential.
- Technology Segmentation: Separate analyses for photovoltaic and solar thermal technologies will be provided.
- Application Segmentation: Growth projections and market sizes for each application segment will be presented and analyzed.
- Regional Segmentation: An in-depth examination of the solar power markets within the different regions of Sweden will be provided.
Key Drivers of Sweden Solar Power Market Growth
Several key factors are driving the growth of Sweden's solar power market. These include supportive government policies, such as renewable energy targets and financial incentives, decreasing solar panel costs, and growing environmental awareness amongst consumers and businesses. The increasing demand for clean energy and technological advancements in solar panel efficiency further fuel market growth. Specific examples of these drivers, with quantifiable data where available, will be included.
Challenges in the Sweden Solar Power Market Sector
Despite its growth potential, the Sweden solar power market faces several challenges. These include land availability for large-scale projects, grid integration issues, and potential intermittency of solar power. Regulatory hurdles and supply chain disruptions could also hinder growth. The report will quantify these challenges with data or estimates where available.
Emerging Opportunities in Sweden Solar Power Market
Several emerging opportunities exist for growth within the Sweden solar power market. These include the growing integration of energy storage systems, advancements in floating solar technology, and the increasing demand for solar power in the transportation sector. The expansion of solar power into new regions and innovative business models represent further opportunities.
Leading Players in the Sweden Solar Power Market Market
- ABB Ltd
- Eneo Solutions AB
- HPSolartech AB
- SVEA Renewable Solar AB
- Vattenfall AB
- Exeger Sweden AB
- InnoVentum AB
- S-Solar AB
Key Developments in Sweden Solar Power Market Industry
- November 2022: European Energy announces the construction of a 128.5 MW solar park near Helsingborg, expected to produce 175 GWh annually, commencing production in 2024.
- September 2022: Ilmatar Solar AB plans a 550 MW solar park in Motala, Östergötland, aiming to power 32,000 households. This signifies a large-scale commitment to solar power in Sweden.
Strategic Outlook for Sweden Solar Power Market Market
The Sweden solar power market is poised for significant growth in the coming years, driven by supportive government policies, technological advancements, and increasing environmental consciousness. Opportunities exist for expansion in various segments, including utility-scale, residential, and commercial applications. The market's long-term potential is substantial, with further growth expected as the country transitions towards renewable energy sources.
Sweden Solar Power Market Segmentation
- 1. Production Analysis
- 2. Consumption Analysis
- 3. Import Market Analysis (Value & Volume)
- 4. Export Market Analysis (Value & Volume)
- 5. Price Trend Analysis
Sweden Solar Power Market Segmentation By Geography
- 1. Sweden

Sweden Solar Power Market REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 23.30% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. 4.; Favorable Government Policies and Increasing Adoption of Solar PV Systems4.; Soaring Electricity Prices Incentivized Installing Solar PV Systems for Self-Consumption
- 3.3. Market Restrains
- 3.3.1. 4.; The Growth of Other Renewable Technologies Such as Wind and Bioenergy
- 3.4. Market Trends
- 3.4.1. The Ground-mounted Segment is Expected to Grow Significantly During the Forecast Period
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Sweden Solar Power Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Production Analysis
- 5.2. Market Analysis, Insights and Forecast - by Consumption Analysis
- 5.3. Market Analysis, Insights and Forecast - by Import Market Analysis (Value & Volume)
- 5.4. Market Analysis, Insights and Forecast - by Export Market Analysis (Value & Volume)
- 5.5. Market Analysis, Insights and Forecast - by Price Trend Analysis
- 5.6. Market Analysis, Insights and Forecast - by Region
- 5.6.1. Sweden
- 5.1. Market Analysis, Insights and Forecast - by Production Analysis
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2024
- 6.2. Company Profiles
- 6.2.1 ABB Ltd
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 Eneo Solutions AB
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 HPSolartech AB
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 SVEA Renewable Solar AB
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 Vattenfall AB
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 Exeger Sweden AB
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 InnoVentum AB
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.8 S-Solar AB
- 6.2.8.1. Overview
- 6.2.8.2. Products
- 6.2.8.3. SWOT Analysis
- 6.2.8.4. Recent Developments
- 6.2.8.5. Financials (Based on Availability)
- 6.2.1 ABB Ltd
List of Figures
- Figure 1: Sweden Solar Power Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Sweden Solar Power Market Share (%) by Company 2024
List of Tables
- Table 1: Sweden Solar Power Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Sweden Solar Power Market Volume Gigawatt Forecast, by Region 2019 & 2032
- Table 3: Sweden Solar Power Market Revenue Million Forecast, by Production Analysis 2019 & 2032
- Table 4: Sweden Solar Power Market Volume Gigawatt Forecast, by Production Analysis 2019 & 2032
- Table 5: Sweden Solar Power Market Revenue Million Forecast, by Consumption Analysis 2019 & 2032
- Table 6: Sweden Solar Power Market Volume Gigawatt Forecast, by Consumption Analysis 2019 & 2032
- Table 7: Sweden Solar Power Market Revenue Million Forecast, by Import Market Analysis (Value & Volume) 2019 & 2032
- Table 8: Sweden Solar Power Market Volume Gigawatt Forecast, by Import Market Analysis (Value & Volume) 2019 & 2032
- Table 9: Sweden Solar Power Market Revenue Million Forecast, by Export Market Analysis (Value & Volume) 2019 & 2032
- Table 10: Sweden Solar Power Market Volume Gigawatt Forecast, by Export Market Analysis (Value & Volume) 2019 & 2032
- Table 11: Sweden Solar Power Market Revenue Million Forecast, by Price Trend Analysis 2019 & 2032
- Table 12: Sweden Solar Power Market Volume Gigawatt Forecast, by Price Trend Analysis 2019 & 2032
- Table 13: Sweden Solar Power Market Revenue Million Forecast, by Region 2019 & 2032
- Table 14: Sweden Solar Power Market Volume Gigawatt Forecast, by Region 2019 & 2032
- Table 15: Sweden Solar Power Market Revenue Million Forecast, by Country 2019 & 2032
- Table 16: Sweden Solar Power Market Volume Gigawatt Forecast, by Country 2019 & 2032
- Table 17: Sweden Solar Power Market Revenue Million Forecast, by Production Analysis 2019 & 2032
- Table 18: Sweden Solar Power Market Volume Gigawatt Forecast, by Production Analysis 2019 & 2032
- Table 19: Sweden Solar Power Market Revenue Million Forecast, by Consumption Analysis 2019 & 2032
- Table 20: Sweden Solar Power Market Volume Gigawatt Forecast, by Consumption Analysis 2019 & 2032
- Table 21: Sweden Solar Power Market Revenue Million Forecast, by Import Market Analysis (Value & Volume) 2019 & 2032
- Table 22: Sweden Solar Power Market Volume Gigawatt Forecast, by Import Market Analysis (Value & Volume) 2019 & 2032
- Table 23: Sweden Solar Power Market Revenue Million Forecast, by Export Market Analysis (Value & Volume) 2019 & 2032
- Table 24: Sweden Solar Power Market Volume Gigawatt Forecast, by Export Market Analysis (Value & Volume) 2019 & 2032
- Table 25: Sweden Solar Power Market Revenue Million Forecast, by Price Trend Analysis 2019 & 2032
- Table 26: Sweden Solar Power Market Volume Gigawatt Forecast, by Price Trend Analysis 2019 & 2032
- Table 27: Sweden Solar Power Market Revenue Million Forecast, by Country 2019 & 2032
- Table 28: Sweden Solar Power Market Volume Gigawatt Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Sweden Solar Power Market?
The projected CAGR is approximately 23.30%.
2. Which companies are prominent players in the Sweden Solar Power Market?
Key companies in the market include ABB Ltd, Eneo Solutions AB, HPSolartech AB, SVEA Renewable Solar AB, Vattenfall AB, Exeger Sweden AB, InnoVentum AB, S-Solar AB.
3. What are the main segments of the Sweden Solar Power Market?
The market segments include Production Analysis, Consumption Analysis, Import Market Analysis (Value & Volume), Export Market Analysis (Value & Volume), Price Trend Analysis.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
4.; Favorable Government Policies and Increasing Adoption of Solar PV Systems4.; Soaring Electricity Prices Incentivized Installing Solar PV Systems for Self-Consumption.
6. What are the notable trends driving market growth?
The Ground-mounted Segment is Expected to Grow Significantly During the Forecast Period.
7. Are there any restraints impacting market growth?
4.; The Growth of Other Renewable Technologies Such as Wind and Bioenergy.
8. Can you provide examples of recent developments in the market?
November 2022: European Energy, a Danish-based developer of solar parks, is set to build a 128.5 MW solar park near Helsingborg in southern Sweden. The plant is expected to produce 175 GWh of electricity annually. Production is expected to begin in 2024 after the completion of the project by 2023.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in Gigawatt.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Sweden Solar Power Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Sweden Solar Power Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Sweden Solar Power Market?
To stay informed about further developments, trends, and reports in the Sweden Solar Power Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence