Global Utilities

Globaldata’s Global Utilities market report gives key insights into the market data analysis, category segmentation, and market distribution among others.

The value of global utilities fell 3.1% in 2020, resulting in lower performance compared to 2019. This is due to the COVID19 pandemic. The industry is expected to recover after moderate growth in 2021 After that, the trajectory until the end of the forecast period. The global utility industry declined in 2020 due to the economic impact of containment measures. COVID19 Pandemic. It is true that demand has recovered from the major slump reported in late 2020. In the first half of this year, it remained below 2019 levels.

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The level of competition and fragmentation tends to vary according to the type of utility and the structure of energy markets. In non-liberalized markets, national or local monopolies are found. In terms of vertically integrated electricity retailers, there are a limited number due to the prohibitively expensive capital requirements involved with power generation, which reduces rivalry somewhat. However, for liberalized markets where it is possible to enter as a pure retailer purchasing electricity from the wholesale market, the number of these players is far greater, which creates additional rivalry.

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• Market value: The global utilities industry shrank by 3.1% in 2020 to reach a value of $6,350.6 billion. The compound annual growth rate of the industry in the period 2016–20 was 1.8%
• Geography segmentation: Europe accounts for 48.5% of the global utilities industry value. Asia-pacific accounts for a further 28.3% of the global industry
• Five Forces Analysis: The utilities market will be analyzed taking electricity retailers and vertically integrated power generation companies as players. The key buyers will be taken as industrial, commercial, public services, transportation, and residential end-users among others, and suppliers of wholesale electricity and/or primary energy sources as the key suppliers

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