Press release
Utilities Market Report 2020: Latest Release During Covid-19 Pandemic | Highlights Important Trends And Strategies
The global utilities market is expected to decline from $4558.2 billion in 2019 to $4516.9 billion in 2020 at a compound annual growth rate (CAGR) of -1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $5353.9 billion in 2023.
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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.
One of the major trends shaping the utilities market include energy storage in batteries. Electric power generation companies are 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.
Utilities Market Segmentation: -
By Type
1. Water And Sewage
2. Natural Gas Distribution
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Utilities Market Characteristics
4. Utilities Market Product Analysis
5. Utilities Market Supply Chain
......
20. Utilities Market Competitive Landscape
21. Key Mergers And Acquisitions In The Utilities Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the utilities market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the utilities market are Electricite de France; Enel; Engie; Iberdrola; Exelon
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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