The Global Utilities Market Report by The Business Research Company covers utilities market drivers and restraints, utilities market size, major players, and the impact of COVID-19 on the utilities market.
The utilities market consists of sales of electric power, natural gas, steam supply, water supply, and sewage removal services by entities (organizations, sole traders, and partnerships) that provide these utilities to end consumers.
The global utilities market reached a value of nearly $4,230.3 billion in 2020, having increased at a compound annual growth rate (CAGR) of 1.4% since 2015. The market is expected to grow at a CAGR of 7.2% from 2020 to reach $5,996.6 billion in 2025. The global utilities market is expected to reach $8,092.4 billion in 2030, at a CAGR of 6.2%.
The global economy is expected to go through a continued period of steady growth during the forecast period. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. In addition, the recovering commodity prices after a decline in 2014 and 2015 are expected to increase the average prices of power and increase the market value. The European market is expected to see growth return later in the period between 2018 and 2022. Emerging markets are expected to continue to see generally higher levels of growth than the developed markets during this period. Rapid population growth, urbanization and industrialization in emerging markets will drive economic growth. The economic growth in developed and developing countries is expected to increase the demand for electricity, driving the utilities market.
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Some utilities market trends include increasingly using batteries to store solar energy during daylight hours. These energy-storage sites consist of large lithium-ion batteries. These batteries store enough energy to serve as a back-up in case of fuel shortages. They are designed to absorb solar power and feed it back to the grid. These systems minimize the need for capital intensive power generation plants, thereby enhancing transmission and distribution efficiencies and thus reduce operational costs. Moreover, digital technologies are increasingly making their way into power generation, transmission and distribution, and the gas distribution industry to enhance productivity, efficiency, and safety associated with power plants and gas plants.
Global utilities market segments include:
1) By Type: Water And Sewage (Water Supply & Irrigation Systems, Sewage Treatment Facilities, Steam & Air-Conditioning Supply), Natural Gas Distribution (Industrial And Commercial Natural Gas Distribution, Household Natural Gas Distribution), Electric Power Generation, Transmission, And Distribution (Electric Power Transmission, Control, And Distribution, Electricity Generation)
2) By Type of Operator: Public Operator, Private Operator
3)By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Utilities Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides utilities market overviews, analyzes and forecasts market size, share, utilities market players, utilities market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The utilities identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Utilities Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Enel SpA. E.ON SE, Uniper SE, State Power Investment Corporation, Iberdrola, S.A.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Utilities Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Utilities Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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