Denmark Power Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Denmark power market is expected to grow at a CAGR of less than 1 % in the forecast period of 2020-2025. With a growing population, the demand for power is increasing tremendously. Adding to this, factors such as rapid urbanization, technical advancement, and industrialization is increasing the demand for electricity. With the acceptance of renewable energy sources, a robust grid development is required, which is expanding the distribution and transmission sector of the power market. On the other hand, considerable high investments required in upgrading and developing new generation transmission or distribution networks are hindering the growth of the power market in Denmark.
Key HighlightsThe Denmark power market is partially fragmented. The major companies include Vestas Wind Systems A/S, Oersted A/S, Siemens Gamesa Renewable Energy SA, Arcon-Sunmark A/S, Vattenfall A / S, and others
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