Utilities Market Poised to Hit $8842.98 Billion by 2029 with Accelerating Growth Trends

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?
The market size for utilities has seen robust growth in the past few years. From 2024 to 2025, it is projected to expand from $6663.11 billion to $7022.7 billion, achieving a compound annual growth rate (CAGR) of 5.4%. The growth experienced in the historical period is primarily directed by fast-paced economic progression in developing markets, breakthroughs in technology, and liberalization of the market.

How Will the Utilities Market Size Evolve and Grow by 2029?
The utilities sector is anticipated to experience robust expansion in the forthcoming years, reaching $8842.98 billion by 2029, with a compound annual growth rate (CAGR) of 5.9%. Factors contributing to this growth over the projection period include global population increase, amplified economic progress, escalating investments in renewable energy, and a surge in worldwide utility mergers and acquisitions. The forecast period is set to see key trends like investments in Power Purchase Agreements (PPAs), battery storage for solar energy, breakthrough technologies like smart grids, and smart meters. Additionally, focusing on distribution generation models and investments in solar tracking will also be significant trends.

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 anticipated surge in renewable power generation capacities investments is predicted to propel the utilities market in the upcoming years. Numerous power generation firms, particularly those in the USA and Europe, are channeling their resources towards renewable energy. For example, EDF Energy has dedicated over €25 billion to solar power and green electricity tariffs. Worldwide, governments are advocating for renewable energy, providing incentives and subsidies to companies generating solar power. In June 2024, as per the France-based International Energy Agency, it was projected that the global energy investments would exceed $3 trillion in 2024 for the first time, with about $2 trillion being allocated to clean technologies. These include industries like renewable energy, electric vehicles, nuclear power, grids, energy storage, low-emission fuels, efficiency improvements, and heat pumps. Consequently, the swift expansion in renewable power investments is anticipated to fuel 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?
The integration of digital technologies into the generation, transmission, and distribution of power is progressively increasing. This integration aims to boost productivity, efficiency, and safety in power plants. Such digital technologies, including smart grids, sensors, and smart meters, offer both the power company and its customers precise and current data regarding power consumption. These tech tools aid in enhancing productivity, efficiency, safety, regulatory compliance, and reliability in power generation and distribution. They also facilitate better asset management, planning, and execution, leading to quicker and more efficient services and improved customer satisfaction. For instance, Whitegate Power Station in Ireland has digitized its operations by installing 140 sensors throughout its facility for the real-time monitoring and optimization of operations and effectively reducing downtime. Major enterprises such as Duke Energy, Engie, National Grid, and NextEra are among the companies that have embraced these digital technologies.

What Are the Key Segments in the Utilities Market?
The utilitiesmarket 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: mailto: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.