Unlocking Opportunities in the Utilities Market: 2025-2034 Forecast Report

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Utilities Market Size Growth Forecast: What to Expect by 2025?
There has been a significant expansion in the utilities market in the past few years. The market, which was worth $6836.95 billion in 2024, is predicted to increase to $7305.9 billion in 2025, presenting a compound annual growth rate (CAGR) of 6.9%. Factors contributing to this growth during the historic period include rapid economic progress in emerging markets, advancements in technology, and market liberalization.

How Will the Utilities Market Size Evolve and Grow by 2029?
The anticipated expansion of the utilities market in the coming years is predicted to be robust, with projections estimating a total value of $9213.76 billion by 2029 at a compound annual growth rate (CAGR) of 6.0%. This expected rise during the forecast period can be credited to multiple factors such as increasing global population, accelerated economic growth, higher investments in renewable energy, and the growth in global utility mergers and acquisitions. Forecast period trends include investments in PPAs, battery storage development for solar energy, latest technologies like smart grids and smart meters, focus on distribution generation models, and investments in solar tracking.

View the full report here:
https://www.thebusinessresearchcompany.com/report/utilities-global-market-report

What Drivers Are Propelling the Growth of Utilities Market Forward?
The utilities market is anticipated to be propelled by a surge in investments in renewable power generation capabilities. A growing number of power generation firms, especially in the United States and Europe, are committing resources to renewable energy sources. For example, EDF Energy has pledged to invest over €25 billion in solar power and green electricity rates. Governments worldwide are also encouraging the use of renewable energy sources by providing incentives and subsidies to solar power generation firms. In 2024, the France-based International Energy Agency predicted that global energy investments will exceed $3 trillion for the first time, with clean technologies receiving about $2 trillion. This includes sectors like renewable energy, electric cars, nuclear energy, grids, energy storage, low-emission fuels, efficiency improvements, and heat pumps. Therefore, the swift expansion in renewable power investments is projected to encourage the growth of the utilities market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5485&type=smp

Which Emerging Trends Are Transforming the Utilities Market in 2025?
In the power generation, transmission, and distribution sector, digital technologies are progressively being adopted to bolster productivity, efficacy, and safety in power facilities. Innovations such as smart grids, sensors, and smart meters provide both the firm and the users with precise, real-time data of power consumption. These digital tools play a vital role in enhancing productivity, efficiency, safety, compliance, and dependability in both the creation and distribution of power. This subsequently leads to superior asset administration, strategizing, and execution, along with a rapid service rate and higher customer contentment. For example, in Ireland's Whitegate Power Station, 140 sensors have been installed to digitize data like vibration and temperature and monitor the plant operation in real time to reduce down-times. Major companies like Duke Energy, Engie, National Grid, and NextEra are some examples of firms that have embraced these digital technologies.

What Are the Key Segments in the Utilities Market?
The utilities market covered in this report is segmented -

1) By Type: Water And Sewage, Natural Gas Distribution, Electric Power Generation, Transmission, And Distribution
2) By Type of Operator: Public Operator, Private Operator
3) By Pricing: Fixed Billing, Variable Billing

Subsegments:
1) By Water And Sewage: Water Supply And Distribution, Wastewater Treatment, Stormwater Management
2) By Natural Gas Distribution: Natural Gas Transmission, Local Gas Distribution Companies (Ldcs), Natural Gas Storage
3) By Electric Power Generation, Transmission, And Distribution: Power Generation (Renewable, Fossil Fuels, Nuclear), High Voltage Transmission, Electric Distribution Systems

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=5485&type=smp

Who Are the Key Players Shaping the Utilities Market's Competitive Landscape?
Major companies operating in the utilities market include Enel SpA, E.ON SE, Uniper SE, State Power Investment Corporation, Iberdrola, S.A., National Energy Investment Group Co., Ltd., Engie S.A., Exelon Corporation, Duke Energy Corporation, Veolia Environnement S.A., Pacific Gas & Electric, SSE, GAIL, NHPC Limited, Centrica, Delaware City Water System, NextEra Energy, China Datang Corporation, China Three Gorges Corporation, Comision Federal de Electricidad, Dominion Energy Inc., Dana Brevini Power - Transmission S.p.A., TransAlta Corporation, Saudi Consolidated Electricity Company, Adani Power, Public Service Enterprise Group, China Resources Gas Group, China Southern Power Grid Company, China Water Affairs Group, Itron Inc., AGL Energy, Shenzhen Water (Group) Co., Integrated Gas Services Company LLC, Israel Electric Corporation, Limited Liability Company Gazprom Energoholding and Fortum Oyj, Osaka Gas, Tata Power, G.EN. GAZ ENERGIA, Centria Reti Gas, CLP Holdings Limited, Novatek, Red Eléctrica de España (REE), Tokyo Gas, China Huadian Group Corporation, Intergen, ESBI, National Iranian Oil Company, Federal Electricity Commission, China Guodian Corporation, Areva T & D, Vattenfall AB, Drax Power Limited, ENN Group, ENMAX Corporation, Xcel Energy, China Huaneng Group, Enbridge Inc, Marcuras Water Treatment (India) Pvt. Ltd., Mahanagar Gas, GASAG, Envicare Technologies Pvt Ltd, IIT Corporation, Hydro-Quebec, Artesian Water Company, Jiangxi Hongcheng Waterworks Co., Laheeb Gas Trading, Enagás, GE Water and Process Technologies, NTPC Limited, Paragon Water Technologies, Total E&P Canada Ltd., Evoqua Water Technologies, Scottish Power, Toshiba Water Solutions Private Limited, Tohoku Electric Power Co, OGK-4), International Power/GDF SUEZ SA, RWE, Sempra Energy, Indraprastha Gas, Petronet LNG, TC Energy Corporation, Gazprom, Dubai Electricity & Water Authority, Natural Gas Distribution Company, Omv petrom, EDF Energy, Gujarat State Petronet, Amprion GmbH, Ultrapure & Industrial Services, Fennovoima Ltd., Southern Co., Korea Gas Corporation, Kelvin Water Technologies, Beijing IWHR Corporation, Abu Dhabi National Energy Company PJSC (TAQA), Abu Dhabi National Oil Company, Aksa Cukurova Dogal Gaz Dagitim Anonim Sirket, American Electric, BC Hydro, Bionics Consortium Pvt. Ltd., Cadent Gas Ltd, Dow Water and Process Solutions, Électricité de France S.A., Endesa, Eni Gas & Power, Hammadi Power Service, Hokkaido Electric Power Company, Horizon Nuclear Power, Hydro One Inc, Italgas, Kinder Morgan Inc, Krevox, Louisville Water Company, Municipal Water and Sewage Company S.A., NaftoGaz Group, Nawah Energy, Northumbrian Water, Nuclear Power Production & Development Company of Iran (NPPD), Oneok Inc., PGNiG, Power Grid Corporation of India Limited, Saudi Electricity Company, Severen Trent Water, Siemens LLC, United utilities, Williams Companies Inc, Wuhan Sanzhen Industry Holding Co., Yorkshire water

What Geographic Markets Are Powering Growth in the Utilities Market?
Asia-Pacific was the largest region in the utilities market in 2024. Western Europe was the second-largest region in the utilities market. The regions covered in the utilities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5485

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.