Mar 11, 2021   SOURCE: BusinessWire

Worldwide Utilities Industry to 2030 - Players Include Enel, Engie and Iberdrola Among Others - ResearchAndMarkets.com

The "Utilities Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global utilities market as it emerges from the COVID-19 shut down.

The global utilities market is expected to grow from $4230.3 billion in 2020 to $4534.38 billion in 2021 at a compound annual growth rate (CAGR) of 7.2%. The growth 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 market is expected to reach $5996.57 billion in 2025 at a CAGR of 7%.

Companies Mentioned

  • Electricite de France
  • Enel
  • Engie
  • Iberdrola
  • Exelon

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Asia Pacific was the largest region in the global utilities market, accounting for 41% of the market in 2020. Western Europe was the second largest region accounting for 24% of the global utilities market. Africa was the smallest region in the global utilities market.

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. For instance, in Ireland, Whitegate Power Station has installed 140 sensors throughout the plant to digitize vibrations, temperature and other data to monitor and optimize operations in real time and minimize downtime. For Instance, some of the major companies adopted digital technologies include Duke Energy, Engie, National Grid and NextEra.

The rapid growth in investments in renewable power generation capacities is expected to drive the utilities market during the forecast period. A large number of power generation companies are investing in renewable energy sources, especially in the USA and European countries. For instance, EDF Energy announced investment of more than €25 billion in solar power and green electricity tariffs. Governments globally are also promoting renewable energy sources by offering incentives and subsidies to solar power generation companies. For instance, the Australian government offered $600 million in subsidies to wind power generators. This is expected to boost the electric power generation and subsequently drive the utilities market during the forecast period.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Utilities Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Utilities Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Utilities Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Utilities Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Utilities Market Trends And Strategies

8. Impact Of COVID-19 On Utilities

9. Utilities Market Size And Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.3. Forecast Market Growth, Value ($ Billion)

10. Utilities Market Regional Analysis

10.1. Global Utilities Market, 2020, By Region, Value ($ Billion)

10.2. Global Utilities Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region

10.3. Global Utilities Market, Growth And Market Share Comparison, By Region

11. Utilities Market Segmentation

11.1. Global Utilities Market, Segmentation By Type

11.2. Global Utilities Market, Segmentation By Type of Operator

12. Utilities Market Segments

12.1. Global Water And Sewage Market, Segmentation By Type

12.2. Global Natural Gas Distribution Market, Segmentation By Type

12.3. Global Electric Power Generation, Transmission, And Distribution Market, Segmentation By Type,

For more information about this report visit https://www.researchandmarkets.com/r/64hcvj