Learn about the global utilities market through The Business Research Company, which provides information on utilities market size, utilities market drivers and restraints, utilities market players, the COVID-19 impact on the utilities market, and more.

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The global utilities market size is expected to grow from $5,488.88 billion in 2021 to $5,969.68 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The growth in the utilities market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The utilities market is expected to reach $8,105.48 billion in 2026 at a CAGR of 7.9%.

The rapid growth in investments in renewable power generation capacities is expected to drive innovation in utilities manufacturing, thus driving the market during the forecast period.

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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 electric power, natural gas, steam supply, water supply, and sewage removal services. The market excludes waste management and remediation services which collect, treat, and dispose of waste materials, but do not use sewer systems or sewage treatment facilities.

Global Utilities Market Segments Include:

By Type: Water And Sewage, Natural Gas Distribution, Electric Power Generation, Transmission, And Distribution

By Type of Operator: Public Operator, Private Operator

Subsegments Covered: Water Supply & Irrigation Systems, Sewage Treatment Facilities, Steam & Air-Conditioning Supply, Industrial And Commercial Natural Gas Distribution, Household Natural Gas Distribution, Electric Power Transmission, Control, And Distribution, Power Generation

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the utilities market in 2021.

Digital technologies are increasingly making their way into power generation, transmission and distribution industry to enhance productivity, efficiency and safety associated with power plants. Digital technologies such as smart grids, sensors and smart meters provide the company and the customer, with more accurate and real-time account of power usage. These technologies help to improve productivity, efficiency, safety, compliance and reliability in power generation and distribution. This results in better asset management, planning, execution, and faster level of service with higher customer satisfaction.

TBRC’s utilities market report covers:

Major Market Players: Electricite De France SA, Enel SpA, E.ON SE, Tokyo Electric Power Co Holdings Incorporated, Korea Electric Power Corporation, Uniper, Engie, State Power Investment Corporation, Exelon Corp, and Iberdrola.

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)

The Utilities Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides utilities market overviews, analyses and forecasts market size, share, utilities market players, utilities market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s utilities market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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