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The term utilities can refer to two things - the organization that provides a crucial infrastructure service or the service itself. An electrical utility is a company in the electric power industry that engages in electricity generation and distribution of electricity for sales in a regulated market. Electricity markets are also considered electric utilities - these entities buy and sell electricity, acting as broker, but usually do not own operate generation, transmission, and distribution facilities. The major growth of electric utilities market is due to mounting adoption of smart meters for enabling two-way communication between companies and customers, and growing demand for electricity in the developing regions of the world. The prioritization of electricity generation planning and the need for accurate forecasting and the investment in digital channels to improve customer process, experience, and perceived customer value are also expected to drive the market growth.
Market scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years |  2020–2030 |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) |
 Segments Covered |  Component, Organization Size, and Application. |
 Regions Covered | North America, Europe, Asia-Pacific, LAMEA |
 Companies Covered | NextEra Energy Ltd., Enel SpA., Duke Energy Ltd., China Yangtze Power Ltd., Dominion Resources Ltd, Exelon Corp., Electricity de France SA, Tokyo Electric Power Co., EON SE, Korea Electric Power Corp., Kansai Electric Power Co. Inc. |
Covid-19 Impact Analysis
Top Impacting Factors
Digital technologies are increasingly making their way into power generation, transmission, and distribution industries to enhance productivity, efficiency, and safety associated with power plants. Digital technologies like smart grid sensors and smart meters provide the company and the customer with more accurate in real-time account of electricity usage. These technologies help in improving productivity, efficiency, safety, compliance, and reliability in electricity generation and distribution. IT industries are also developing in various countries like China, India, and Japan, thus, creating an increase in demand for electricity and therefore the market is expected to expand.
Market trends
Key Segments Covered
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Key Benefits of the Report
Electric Utilities Market Report Highlights
Aspects | Details |
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By Component |
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By Organization Size |
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By Application |
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By Region |
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Key Market Players | Dominion Resources Ltd, Kansai Electric Power Co. Inc., Enel SpA., Duke Energy Ltd., NextEra Energy Ltd., EON SE, Korea Electric Power Corp., Exelon Corp, China Yangtze Power Ltd, Electricity de France SA, Tokyo Electric Power Co. |
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