Sweden Energy Storage Market (2025-2031) | Industry & Growth
Market Forecast By Type (Pumped-Hydro Storage, Battery Energy Storage Systems, Others), By Application (Residential, Commercial, Industrial) And Competitive Landscape Report
Sweden has a diverse mix of energy sources. Domestically, it relies on hydropower, wind, and biomass. However, it imports fossil fuels like oil, natural gas, nuclear fuels, and a portion of biofuels from other countries . Fig. 1 illustrates the composition of different energy sources in the supply mix. Fig. 1.
Sweden's 5 most valuable exported products are cars, processed petroleum oils, medication mixes in dosage¸ blood fractions including antisera, and automotive parts or accessories. Combined, that quintet of major Swedish exports represents over one-fifth (21.4%) of the Scandinavian country's total exports.
Summary of literature review. In case of the Swedish energy system, there are uncertainties surrounding the future of nuclear power plants, the anticipated increase in wind and solar PV installations, electrification trends, and the role of hydrogen in the steel industry [34, 35].
These 100 exported goods were worth a subtotal of US$138.2 billion or 70.6% by value for all products exported from Sweden during 2024. Sweden earned an overall US$6.8 billion trade surplus for 2024, growing by 42.8% from $4.75 billion of black ink one year earlier in 2023.
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