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Norway Construction Industry Report 2025: Output to Recover and Grow at an AAGR of 3.6% Between 2026-2029, After a Decline of 1.7% in 2025 Owing to Supply Chain Issues Amid Elevated Material Costs

globenewswire.com
EQNR Equinor is mentioned as part of a consortium investing in the Johan Sverdrup oilfield expansion, indicating activity but not a specific sentiment for the company itself. TTE TotalEnergies is mentioned as part of a consortium investing in the Johan Sverdrup oilfield expansion, indicating activity but not a specific sentiment for the company itself.

Dublin, Feb. 23, 2026 (GLOBE NEWSWIRE) -- The "Norway Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)" report has been added to ResearchAndMarkets.com's offering.

The construction industry in Norway was expected to decline in real terms by 1.7% in 2025, following a contraction of 3.5% in 2024, owing to supply chain disruptions amid elevated material costs and weakness primarily in the residential construction sector.

According to Statistics Norway (SSB), the construction cost index for residential buildings grew by 4.3% year on year (YoY) in the first eleven months of 2025, preceded by an increase of 3.7% in 2024.

Over the remainder of the forecast period, the construction industry is expected to recover and grow at an annual average growth rate of 3.6% from 2026 to 2029, supported by investments in energy, transport infrastructure and oil and gas projects, coupled with the government's target of reaching net zero carbon emissions by 2030, compared to 1991 levels.

In November 2025, Statnett, Norway's state-owned power transmission operator, announced its plan to invest NOK150-200 billion ($13.8-18.4 billion) in the national grid by 2035 under its 2025 System Development Plan. Furthermore, in July 2025, the consortium of energy companies, Equinor, Aker BP, Petoro, and TotalEnergies, announced an investment of NOK13 billion ($1.2 billion) for the third phase expansion of the Johan Sverdrup oilfield.

The expansion works involve the addition of two subsea templates at Kvitsoy and Avaldsnes with eight wells - seven for oil and one for water injection - linked to existing infrastructure.

Report Scope

Reasons to Buy

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

4.2 Commercial Construction

4.3 Industrial Construction

4.4 Infrastructure Construction

4.5 Energy and Utilities Construction

4.6 Institutional Construction

4.7 Residential Construction

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/6rr7cm

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