Scandinavia: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA 2025

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA in Scandinavia

After two years of decline, the Scandinavia market for diesel or semi-diesel electric generating sets of output under X kVA increased by 29% to $X in 2021. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Under X kVA in Scandinavia

In value terms, production of diesel or semi-diesel electric generating sets of output under X kVA rose to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +11.0% against 2014 indices. The growth pace was the most rapid in 2014 with an increase of 48% against the previous year. Over the period under review, production of attained the peak level in 2021 and is expected to retain growth in years to come.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Exports in Scandinavia

Exports of diesel or semi-diesel electric generating sets of output under X kVA stood at X units in 2021, rising by 3.5% compared with 2020. Total exports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +30.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 48%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA stood at $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 39% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

In 2021, Denmark (X units) was the largest exporter of diesel or semi-diesel electric generating sets of output under X kVA, constituting 59% of total exports. Sweden (X units) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by Norway (15%). Finland (X units) took a little share of total exports.

Denmark experienced a relatively flat trend pattern with regard to volume of exports of diesel or semi-diesel electric generating sets of output under X kVA. At the same time, Sweden (+9.6%) and Norway (+2.0%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +9.6% from 2012-2021. Finland experienced a relatively flat trend pattern. From 2012 to 2021, the share of Sweden increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest diesel or semi-diesel electric generating set of output under X kVA supplier in Scandinavia, comprising 88% of total exports. The second position in the ranking was held by Norway ($X), with a 5.7% share of total exports. It was followed by Sweden, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value in Denmark was relatively modest. In the other countries, the average annual rates were as follows: Norway (+15.0% per year) and Sweden (+14.0% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, with an increase of 2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by 40%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+12.7%), while the other leaders experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Imports in Scandinavia

In 2021, imports of diesel or semi-diesel electric generating sets of output under X kva in Scandinavia surged to X units, with an increase of 43% against the year before. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 49% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA rose markedly to $X in 2021. Over the period under review, imports, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 22% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X units), Denmark (X units), Finland (X units) and Norway (X units) represented roughly 99% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +3.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest diesel or semi-diesel electric generating set of output under X kVA importing markets in Scandinavia were Norway ($X), Denmark ($X) and Sweden ($X), with a combined 77% share of total imports.

Sweden, with a CAGR of +3.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, with a decrease of -23% against the previous year. Overall, the import price saw a mild setback. The growth pace was the most rapid in 2017 an increase of 36%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform