The global electricity retailing market is expected to grow by USD 329.9 billion as per Technavio. This marks a significant market slowdown compared to the previous year's growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 3%. Request free sample pages
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200424005410/en/
Technavio has announced its latest market research report titled Global Electricity Retailing Market 2019-2023 (Graphic: Business Wire)
Read the 120-page report with TOC on "Electricity Retailing Market Analysis Report by Application (industrial, commercial, residential, and others) and Geographic Landscape (APAC, Europe, North America, and ROW), and the Segment Forecasts, 2019-2023".
The market is driven by the growing popularity of electric vehicles (EVs). In addition, increasing innovation among players due to electricity retailing is anticipated to boost the growth of the electricity retailing market.
The electric vehicles (EVs) market is witnessing significant growth with increasing efforts by vendors to reduce the dependence on fossil fuels and control vehicle emissions. In addition, favorable government policies that encourage vehicle owners and municipalities to purchase EVs for a clean environment are further stimulating the growth of EVs. The growing demand for EVs will encourage the need for charging stations, which in turn will drive the electricity retailing market during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Major Five Electricity Retailing Companies:
Centrica Plc owns and operates the business under various segments such as Centrica Consumer, Centrica Business, and Exploration Production. The company offers competitive and reliable electricity and related services to retail and wholesale customers.
Duke Energy Corp.
Duke Energy Corp. operates its business under three segments, which include Electric Utilities and Infrastructure; Gas Utilities and Infrastructure; and Commercial Renewables. The company's key offering is electricity generation and sales. Duke Energy Corp. provides electricity to retail electric customers across the US.
Enel Spa is engaged in the electricity generation, distribution, and sales. The company provides a range of products and services under its intelligent charging solutions category. This range is designed for electric mobility focused on individuals, companies, and government organizations.
Huadian Power International Corp. Ltd.
Huadian Power International Corp. Ltd.'s key offerings include electricity generation and sale. The majority of electricity generated is supplied to the local power grid companies where the power plants are located.
Tata Power Co. Ltd.
Tata Power Co. Ltd. operates the business under the following segments: Power and Others. The company's key offering is electricity supply. The company generates, transmits, and distributes electricity across India. In January 2019, the company won the 3rd ICSI CSR Excellence Award for the year 2018.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Electricity Retailing Application Outlook (Revenue, USD bn, 2019-2023)
Electricity Retailing Regional Outlook (Revenue, USD bn, 2019-2023)
- North America
- Key leading countries
Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200