Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.
Last Published: 7/22/2019
There are many market opportunities in Sweden for U.S. companies, especially for cutting-edge technologies and services. Among the top opportunities to be aware of:
  • Sweden has a long-established tradition of expertise in engineering, mining, shipbuilding, and the life sciences, making it a highly receptive market to new advanced technologies. 
  • There is ongoing, strong demand for advanced technologies and products/services that improve productivity, including IT software and services that lower costs and improve business efficiencies, as well as equipment and services for safety/security, including cyber security.
  • Driven by rapid, widespread adoption of smart devices, high levels of basic digital skills, and expansive national IT connectivity (4G coverage is 100 percent and fixed broadband is available to 99 percent of households), Sweden is among EU's most advanced digital economies (EC Digital Economy and Society Index, 2018).
  • Since Swedes are early adopters of new technologies, Sweden is considered to be an ideal test market, albeit an expensive one.  The government has launched a program called Test Bed Sweden to attract innovative technologies into the country for development and piloting.
  • Sweden’s goal to reduce greenhouse gas (GHG) emissions by 40 per cent compared to 1990 levels by the year 2020, and to have a vehicle fleet completely rid of fossil fuels by 2030, are stepping stones to the overarching goal of a society with no net GHG emissions by the year 2050.  This commitment to sustainability drives market demand for U.S. products and services in renewable energy/low carbon/green technologies and energy efficiency across industry sectors.
  • Sweden’s rapid developments in smart grid, bioenergy, cyber security and e-health make the country a critically important market for U.S. companies offering advanced technologies.
  • English is widely spoken, and English is the language used for business communications.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.


More Information

Sweden Trade Development and Promotion