There are multiple definitions - click on the translation that matches your context.

utbytting

substantiv

full

replacement

noun

Definitions of replacement

a person who takes the place of another person

Who'll be your replacement when you leave?

a product that is given to compensate for another similar (usually faulty or imperfect) product

This limits the right to repair or replacement of defective software.

the action of replacing someone or something

The replacement of the power of government by the power of big business.