Electricity, gas, steam and air conditioning supply Companies Across Nordics

The Electricity, gas, steam and air conditioning supply industry across the Nordic region comprises 10,622 companies across 8 subindustries, spanning Finland, Sweden, Denmark, and Norway.

What distinguishes this market is its diverse composition, with the three largest subindustries being Production of electricity from hydropower, Distribution of electricity, Trade in electricity. Together, these segments represent the core of the Nordic electricity, gas, steam and air conditioning supply sector.

How Do We Source This Data ?

PRH (Finland), Bolagsverket (Sweden), CVR (Denmark), Brønnøysund (Norway). Combined with public data scraped online.

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Table of Content

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Summary and Key Data Points for Electricity, gas, steam and air conditioning supply Companies in the Nordic Region

    Total number of companies: 10,622

    Number of subindustries: 8

    Largest subindustry: 35.111 Production of electricity from hydropower (4,644 companies, 43.7%)

    Second largest: 35.130 Distribution of electricity (3,024 companies)

    Third largest: 35.140 Trade in electricity (910 companies)

    Most common company size: 1-10 employees (94.1% of companies)

    Large companies (€10M+ revenue): 508 companies

    Most common revenue range: 0-100k (72.8%)

Country Breakdown for Electricity, gas, steam and air conditioning supply

Distribution of electricity, gas, steam and air conditioning supply companies across the Nordic countries:

Companies

CountryCompanies% of NordicLarge (€10M+)% of Country Total
Finland2,28221.5%1920.32%
Sweden2,55024.0%1920.26%
Denmark3,73735.2%240.41%
Norway2,05319.3%1000.21%
TOTAL10,622100%508–

Company Size Analysis of the Electricity, gas, steam and air conditioning supply Industry in the Nordic Region by Employee Count

Detailed breakdown of company sizes by employee count across all Nordic countries:

Companies

Employee RangeCompaniesPercentage
Over 500120.1%
200-500340.3%
100-200480.5%
50-99970.9%
11-494314.1%
1-1010,00094.1%
TOTAL10,622100%

Three Key Insights for Salespeople Targeting This Group

  1. Micro-business dominance: The vast majority (94.1%) of companies have 1-10 employees. Sales strategies should focus on simplified, cost-effective solutions suitable for small teams with limited IT resources.
  2. Enterprise opportunity: There are 94 companies with 100+ employees representing high-value accounts with larger budgets and more complex needs.
  3. Mid-market segment: The 528 companies in the 11-99 employee range often represent the best growth potential – established enough to invest, yet still agile in decision-making.

Revenue Distribution of Electricity, gas, steam and air conditioning supply Companies in the Nordic Region

Breakdown of companies by annual revenue across all Nordic countries:

Companies

Revenue Range (EUR)CompaniesPercentage
Over 100M920.9%
10M-100M4163.9%
1M-10M9028.5%
500k-1M4123.9%
200k-500k6315.9%
100k-200k4404.1%
0-100k7,72972.8%
TOTAL10,622100%

Three Key Insights for Salespeople Targeting This Group

  1. High-value targets: 508 companies generate €10M+ in annual revenue, representing premium prospects with significant purchasing power.
  2. Growth segment: The 902 companies in the €1M-10M range are often scaling rapidly and actively investing in tools and services.
  3. Volume opportunity: The 0-100k segment (72.8% of companies) offers significant volume potential with appropriate pricing models.

Top 50 Electricity, gas, steam and air conditioning supply Companies in the Nordic Region

The following table lists the top 50 companies based on revenue tier, including their country:

Companies

#Company NameCountryWebsiteRevenueEmployees
1Adven OyFinlandadven.comOver 100M100-200
2Adven Sverige ABSwedenvarmevarden.seOver 100M200-500
3Akershus Energi Vannkraft ASNorwayOver 100M1-10
4Aktiebolaget Borlänge EnergiSwedenborlange-energi.seOver 100M200-500
5Alva-yhtiöt OyFinlandalva.fiOver 100M200-500
6Axpo Finland OyFinlandaxpo.comOver 100M1-10
7Bixia ABSwedenbixia.seOver 100M50-99
8CENTRICA ENERGY TRADING NUFNorwaycentrica.comOver 100M1-10
9Caruna OyFinlandcaruna.fiOver 100M100-200
10Dalakraft ABSwedendalakraft.seOver 100M11-49
11E.ON Energidistribution AktiebolagSwedeneon.seOver 100MOver 500
12E.ON Energiinfrastruktur ABSwedenOver 100M200-500
13E.ON Energilösningar AktiebolagSwedeneon.seOver 100M50-99
14EDF TRADING LIMITED NUFNorwayedftrading.comOver 100M1-10
15EPV Energia OyFinlandepv.fiOver 100M50-99
16EPV Tase OyFinlandepv.fiOver 100M1-10
17Elenia Verkko OyjFinlandelenia.fiOver 100M50-99
18Ellevio ABSwedenellevio.seOver 100MOver 500
19Energi Salg Norge ASNorwayenergisalgnorge.noOver 100M11-49
20Enersense Services OyjFinlandenersense.comOver 100M11-49
21Entelios ABSwedenentelios.seOver 100M11-49
22Fingrid OyjFinlandfingrid.fiOver 100MOver 500
23Forsmarks Kraftgrupp AktiebolagSwedengroup.vattenfall.comOver 100MOver 500
24Fortum Markets ABSwedenfortum.seOver 100M200-500
25Fortum Markets OyFinlandfortum.comOver 100M100-200
26Fortum Power and Heat OyFinlandfortum.fiOver 100MOver 500
27Fortum Sverige ABSwedenfortum.seOver 100M200-500
28Gabestad KraftstasjonNorwayostfoldenergi.noOver 100M50-99
29Gasum ABSwedengasum.comOver 100M50-99
30Göteborg Energi ABSwedengoteborgenergi.seOver 100MOver 500
31HAFSLUND KRAFT INNLANDET ASNorwayhafslund.noOver 100M1-10
32Hafslund Produksjon ASNorwayhafslund.noOver 100M1-10
33Helen OyFinlandhelen.fiOver 100MOver 500
34Helen Sähköverkko OyFinlandhelensahkoverkko.fiOver 100M50-99
35Jämtkraft AktiebolagSwedenjamtkraft.seOver 100M200-500
36Jönköping Energi AktiebolagSwedenjonkopingenergi.seOver 100M200-500
37KSS Energia OyFinlandkssenergia.fiOver 100M50-99
38Karlstads Energi AktiebolagSwedenkarlstadsenergi.seOver 100M200-500
39Kilpilahden Voimalaitos OyFinlandkilpilahtipowerplant.comOver 100M1-10
40Kinect Energy Green Services ASNorwaybergen-energi.comOver 100M1-10
41Kinect Energy Spot ASNorwayOver 100M1-10
42Kraftringen Energi AB (publ)Swedenkraftringen.seOver 100M200-500
43Kuopion Energia OyFinlandkuopionenergia.fiOver 100M100-200
44Lahti Energia OyFinlandlahtienergia.fiOver 100M100-200
45Loimua OyFinlandloimua.fiOver 100M100-200
46Lumme Energia OyFinlandlumme-energia.fiOver 100M11-49
47Mind Energy OyFinlandmindenergy.comOver 100M1-10
48MindEnergy ABSwedenenergi-sverige.seOver 100M11-49
49Modity Energy Trading ABSwedenmodity.seOver 100M11-49
50Mälarenergi ABSwedenmalarenergi.seOver 100M200-500

Subindustries within Electricity, gas, steam and air conditioning supply in the Nordic Region

The Electricity, gas, steam and air conditioning supply industry in the Nordic region is divided into 8 distinct subindustries:

SubindustryCompaniesPercentage
35.111 Production of electricity from hydropower4,64443.7%
35.130 Distribution of electricity3,02428.5%
35.140 Trade in electricity9108.6%
35.300 Steam and hot water supply8668.2%
35.112 Production of electricity from wind power5905.6%
35.230 Trade in gas through pipelines3433.2%
35.119 Production of electricity otherwise1541.4%
35.113 Production of electricity from biofuel910.9%

The Electricity, gas, steam and air conditioning supply industry in the Nordic region is dominated by Production of electricity from hydropower, representing 43.7% of all companies. Distribution of electricity follows with 28.5% of companies.

Types of Electricity, gas, steam and air conditioning supply Companies in the Nordic Region

Distribution of company legal forms across all Nordic countries:

Company TypeCountPercentage
Limited Company2,07919.6%
Limited Company (AB)1,93918.3%
Private limited company7767.3%
Sole proprietorship7437.0%
Partnership4984.7%
Limited partnership4664.4%
Sole Proprietorship4133.9%
Stock company3713.5%
Cooperative2852.7%
Association1501.4%

Key Insights for the Electricity, gas, steam and air conditioning supply Industry in the Nordic Region

Key Insights;

Market overview:

With 10,622 companies across four countries, this represents a substantial B2B opportunity in the Nordic electricity, gas, steam and air conditioning supply sector.

Geographic distribution:

Denmark leads with 3,737 companies (35.2%), followed by Sweden (24.0%), Finland (21.5%), and Norway (19.3%).

Target audience:

The dominant company form is Limited Company (19.6%), which typically indicates established businesses with formal structures and decision-making processes.

Specialization opportunity

The top three subindustries (Production of electricity from hydropower, Distribution of electricity, Trade in electricity) together account for a significant portion of the market, suggesting strong potential for industry-specific solutions.

Summary: Selling Successfully to Electricity, gas, steam and air conditioning supply Companies in the Nordic Region

The Nordic electricity, gas, steam and air conditioning supply market offers diverse opportunities across four countries with distinct but complementary business cultures.

  • Focus on scalable solutions that work for 1-10 employee companies while having upsell paths for larger enterprises.
  • Target the 508 high-revenue companies (€10M+) for premium offerings and strategic partnerships.
  • Consider country-specific approaches – each Nordic market has unique regulatory and business culture nuances.
  • The electricity, gas, steam and air conditioning supply sector is specialized – tailor your approach to specific subindustries like Production of electricity from hydropower (4,644 companies) for better resonance with potential clients.

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Frequently Asked Questions about the Electricity, gas, steam and air conditioning supply Industry in the Nordic Region

How many electricity, gas, steam and air conditioning supply companies are there in the Nordic region?

There are 10,622 electricity, gas, steam and air conditioning supply companies across Finland, Sweden, Denmark, and Norway.

Which Nordic country has the most electricity, gas, steam and air conditioning supply companies?

Denmark has the most with 3,737 companies (35.2% of the Nordic total).

What is the largest subindustry within electricity, gas, steam and air conditioning supply in the Nordic region?

The largest subindustry is 35.111 Production of electricity from hydropower, with 4,644 companies (43.7% of the market).

How many large electricity, gas, steam and air conditioning supply companies (€10M+ revenue) are there in the Nordic region?

There are 508 companies with €10M+ annual revenue across all Nordic countries.

What is the most common company size in the Nordic electricity, gas, steam and air conditioning supply industry?

The most common company size is 1-10 employees, representing 94.1% of all companies in this industry across the Nordic region.