AC electric generators market in Sweden

Earlier Report Observations

From 2018, state-owned entities like Svenska kraftnät drove investments in Sweden's power grid to enable the transition from fossil fuels to renewable energy, focusing on electrification and system flexibility. This foundational work supported market demand for AC electric generators, which was further accelerated in 2020 by the COVID-19 pandemic's impact on critical infrastructure backup needs. The market size grew from 50 559 thousand US dollars in 2020 to 60 445 thousand US dollars in 2022.

The growth continued through 2021 and 2022 as integration of renewable energy sources and policy decisions on electrification increased demand for efficient generators. However, in 2023, the market contracted to 41 156 thousand US dollars, influenced by international factors such as energy price volatility and geopolitical uncertainty, which affected market dynamics despite long-term projections for higher electricity demand.

For 2024, factors including ongoing electrification, grid flexibility requirements, and global energy market developments continued to shape the Swedish AC generators market, with a noted emphasis on sustainability and energy efficiency.

Production AC electric generators in Sweden

In value, 2017-2020, K $ US

Annual dynamics of production in Sweden in value, 2017-2020, K $ US

In kind, 2017-2020, unit

Annual dynamics of production in Sweden in kind, 2017-2020, unit

Exports AC electric generators from Sweden

Exports in kind, K unit

The market experienced significant fluctuations during this period. Exports reached their lowest point in 2017, then peaked in 2019, showing a 3.6-fold difference between these years. In 2020, Sweden exported 7.6 K units of AC electric generators, marking a substantial decline of 24.7% compared to the previous year. The maximum volume was recorded in 2019 at 10.1 K units, with the largest increase that year reaching 244.6%.

Annual dynamics of product's exports from Sweden in kind, 2017-2020, K unit

From 2017 to 2020, the main destinations for Sweden's exports of AC electric generators in kind were Norway (26.2% of exports), Malaysia (21.3%), and Pakistan (21.0%). Together, these three countries accounted for 68.5% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Sweden in kind, 2017-2020

Exports in value, K $ US

The market showed considerable volatility during these years. Exports in value terms hit their lowest point in 2020, after reaching their peak in 2019, with a 2.6-fold gap between these two years. In 2020, Sweden's cross-border shipments of AC electric generators totaled 23 338 K US dollars, representing a steep decrease of 61.3% compared to 2019. The maximum value was recorded in 2019 at 60 346 K US dollars, with the largest increase that year at 77.6%.

Annual dynamics of product's exports from Sweden in value, 2017-2020, K $ US

The market base for exports in value terms from 2017 to 2020 was quite broad. The United States (19.6% of exports), China (12.4%), and Saudi Arabia (12.2%) together accounted for just 44.3% of total flows, while the remaining 55.7% was distributed among numerous other countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Sweden in value, 2017-2020

Imports AC electric generators to Sweden

Imports in kind, K unit

The market saw noticeable fluctuations during this period. Imports reached their lowest point in 2017, then peaked in 2019, showing a 12.5-fold difference between these years. In 2020, Sweden's import volume of AC electric generators totaled 91.8 K units, corresponding to a robust decrease of 18.8% from the previous year. The maximum volume was recorded in 2019 at 113.0 K units, with the largest increase that year reaching 356.4%.

Annual dynamics of product's imports to Sweden in kind, 2017-2020, K unit

Throughout 2017–2020, China dominated Sweden's imports of AC electric generators in kind, accounting for 81.3% of total flows, while other markets played a less significant role.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Sweden in kind, 2017-2020

Imports in value, K $ US

Volatility characterized the market behavior during these years. Imports in value terms reached their lowest point in 2017, then peaked in 2019, with a 2.4-fold difference between these years. In 2020, Sweden imported AC electric generators worth 18 910 K US dollars, which is 54.4% less than the previous year. The maximum value was recorded in 2019 at 18 910 K US dollars, with the largest increase that year at 133.3%.

Annual dynamics of product's imports to Sweden in value, 2017-2020, K $ US

From 2017 to 2020, the Netherlands (39.6% of imports), Germany (13.5%), and the United States (10.4%) consistently held leading positions in Sweden's import structure in value terms, jointly accounting for 63.5% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Sweden in value, 2017-2020