This report describes and explains the utilities market and covers 2020-2025, termed the historic period, and 2025-2030, 2035F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global utilities market reached a value of nearly $7.06 trillion in 2025, having grown at a compound annual growth rate (CAGR) of 8.6% since 2020. The market is expected to grow from $7.06 trillion in 2025 to $9.37 trillion in 2030 at a rate of 5.8%. The market is then expected to grow at a CAGR of 5.7% from 2030 and reach $12.35 trillion in 2035.
Growth in the historic period resulted from rising investments in utility-scale energy storage projects, growing electric vehicles (EVs) charging infrastructure, growth in industrial and commercial infrastructure and stringent carbon reduction and net-zero emission targets. Factors that negatively affected growth in the historic period were high capital investment requirements for infrastructure development and climate change-related risks To Infrastructure.
Going forward, expansion of industrialization and manufacturing activities, weather patterns and temperature extremes, increasing deployment of smart meters and advanced metering infrastructure (AMI) and need for grid expansion and modernization investments will drive the growth. Factors that could hinder the growth of the utilities market in the future include long project approval timelines and permitting delays, dependence on government subsidies and financial support and impact of trade wars and tariffs.
Market trends for the utilities market include grid automation and intelligent control solutions for resilient power networks, smart water metering and advanced metering infrastructure (AMI) solutions for efficient resource management, virtual power plants (VPPs) leveraging EV charging infrastructure for grid flexibility, fast-track grid interconnection frameworks for accelerated energy project deployment and integrated smart home energy solutions for demand optimization and sustainability.
The utilities market is segmented by type into water and sewage, natural gas distribution and electric power generation, transmission and distribution. The electric power generation, transmission, and distribution market was the largest segment of the utilities market segmented by type, accounting for 75.3% or $5.32 trillion of the total in 2025. Going forward, the natural gas distribution segment is expected to be the fastest-growing segment in the utilities market segmented by type, at a CAGR of 6.6% during 2025-2030.
The utilities market is segmented by operator type into public operator and private operator. The public operator market was the largest segment of the utilities market segmented by operator type, accounting for 60.4% or $4.27 trillion of the total in 2025. Going forward, the private operator segment is expected to be the fastest-growing segment in the utilities market segmented by operator type, at a CAGR of 7.7% during 2025-2030.
The utilities market is segmented by pricing into fixed billing and variable billing. The fixed billing market was the largest segment of the utilities market segmented by pricing, accounting for 59.2% or $4.18 trillion of the total in 2025. Going forward, the variable billing segment is expected to be the fastest-growing segment in the utilities market segmented by pricing, at a CAGR of 6.6% during 2025-2030.
Asia Pacific was the largest region in the utilities market, accounting for 39.6% or $2.79 trillion of the total in 2025. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the utilities market will be Middle East and Africa where growth will be at CAGRs of 11.3% and 9.2% respectively. These will be followed by Asia Pacific and South America where the markets are expected to grow at CAGRs of 6.4% and 6.4% respectively.
The global utilities market is fairly fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 13.3% of the total market in 2024. The State Grid Corporation of China was the largest competitor with a 7.35% share of the market, followed by State Power Investment Corporation with 1.35%, Engie S.A. with 0.83%, E.ON SE with 0.775%, EDF Energy with 0.77%, Enel SpA with 0.64%, Iberdrola S.A. with 0.58%, Tokyo Electric Power Company with 0.37%, National Grid with 0.33% and Duke Energy Corp. with 0.27%.
The top opportunities in the utilities market segmented by type will arise in the electric power generation, transmission, and distribution segment, which will gain $1.65 trillion of global annual sales by 2030. The top opportunities in the utilities market segmented by operator type will arise in the private operator segment, which will gain $1.26 trillion of global annual sales by 2030. The top opportunities in the utilities market segmented by pricing will arise in the fixed billing segment, which will gain $1.21 trillion of global annual sales by 2030. The utilities market size will gain the most in China at $487.6 billion.
Player-adopted strategies in the utilities market include focus on strengthening its portfolio through new investments, focus on strengthening its business operations through strategic acquisitions and focus on strengthening its business capabilities through strategic partnerships.
Market-trend-based strategies for the utilities market include focus on increasing investing in grid automation and intelligent control solutions, focus on increasing focusing on smart water metering and advanced metering infrastructure (AMI) solutions, focus on increasing leveraging virtual power plant (VPP) models, focus on increasing prioritizing fast-track grid interconnection frameworks and focus on integrated increasing smart home energy solutions.
To take advantage of the opportunities, the analyst recommends the utilities companies to focus on grid automation and intelligent control systems, focus on smart water metering and AMI deployment, focus on virtual power plants integrated with EV charging networks, focus on fast-track grid interconnection systems, focus on integrated smart home energy management platforms, focus on expanding natural gas distribution infrastructure, focus on expanding private utility operations and smart infrastructure, expand in emerging markets, continue to focus on developed markets, focus on expanding digital and decentralized distribution networks, focus on flexible and consumption-based pricing models, focus on promoting reliability, sustainability and infrastructure modernization, focus on variable billing and smart consumption management.
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The global utilities market reached a value of nearly $7.06 trillion in 2025, having grown at a compound annual growth rate (CAGR) of 8.6% since 2020. The market is expected to grow from $7.06 trillion in 2025 to $9.37 trillion in 2030 at a rate of 5.8%. The market is then expected to grow at a CAGR of 5.7% from 2030 and reach $12.35 trillion in 2035.
Growth in the historic period resulted from rising investments in utility-scale energy storage projects, growing electric vehicles (EVs) charging infrastructure, growth in industrial and commercial infrastructure and stringent carbon reduction and net-zero emission targets. Factors that negatively affected growth in the historic period were high capital investment requirements for infrastructure development and climate change-related risks To Infrastructure.
Going forward, expansion of industrialization and manufacturing activities, weather patterns and temperature extremes, increasing deployment of smart meters and advanced metering infrastructure (AMI) and need for grid expansion and modernization investments will drive the growth. Factors that could hinder the growth of the utilities market in the future include long project approval timelines and permitting delays, dependence on government subsidies and financial support and impact of trade wars and tariffs.
Market trends for the utilities market include grid automation and intelligent control solutions for resilient power networks, smart water metering and advanced metering infrastructure (AMI) solutions for efficient resource management, virtual power plants (VPPs) leveraging EV charging infrastructure for grid flexibility, fast-track grid interconnection frameworks for accelerated energy project deployment and integrated smart home energy solutions for demand optimization and sustainability.
The utilities market is segmented by type into water and sewage, natural gas distribution and electric power generation, transmission and distribution. The electric power generation, transmission, and distribution market was the largest segment of the utilities market segmented by type, accounting for 75.3% or $5.32 trillion of the total in 2025. Going forward, the natural gas distribution segment is expected to be the fastest-growing segment in the utilities market segmented by type, at a CAGR of 6.6% during 2025-2030.
The utilities market is segmented by operator type into public operator and private operator. The public operator market was the largest segment of the utilities market segmented by operator type, accounting for 60.4% or $4.27 trillion of the total in 2025. Going forward, the private operator segment is expected to be the fastest-growing segment in the utilities market segmented by operator type, at a CAGR of 7.7% during 2025-2030.
The utilities market is segmented by pricing into fixed billing and variable billing. The fixed billing market was the largest segment of the utilities market segmented by pricing, accounting for 59.2% or $4.18 trillion of the total in 2025. Going forward, the variable billing segment is expected to be the fastest-growing segment in the utilities market segmented by pricing, at a CAGR of 6.6% during 2025-2030.
Asia Pacific was the largest region in the utilities market, accounting for 39.6% or $2.79 trillion of the total in 2025. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the utilities market will be Middle East and Africa where growth will be at CAGRs of 11.3% and 9.2% respectively. These will be followed by Asia Pacific and South America where the markets are expected to grow at CAGRs of 6.4% and 6.4% respectively.
The global utilities market is fairly fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 13.3% of the total market in 2024. The State Grid Corporation of China was the largest competitor with a 7.35% share of the market, followed by State Power Investment Corporation with 1.35%, Engie S.A. with 0.83%, E.ON SE with 0.775%, EDF Energy with 0.77%, Enel SpA with 0.64%, Iberdrola S.A. with 0.58%, Tokyo Electric Power Company with 0.37%, National Grid with 0.33% and Duke Energy Corp. with 0.27%.
The top opportunities in the utilities market segmented by type will arise in the electric power generation, transmission, and distribution segment, which will gain $1.65 trillion of global annual sales by 2030. The top opportunities in the utilities market segmented by operator type will arise in the private operator segment, which will gain $1.26 trillion of global annual sales by 2030. The top opportunities in the utilities market segmented by pricing will arise in the fixed billing segment, which will gain $1.21 trillion of global annual sales by 2030. The utilities market size will gain the most in China at $487.6 billion.
Player-adopted strategies in the utilities market include focus on strengthening its portfolio through new investments, focus on strengthening its business operations through strategic acquisitions and focus on strengthening its business capabilities through strategic partnerships.
Market-trend-based strategies for the utilities market include focus on increasing investing in grid automation and intelligent control solutions, focus on increasing focusing on smart water metering and advanced metering infrastructure (AMI) solutions, focus on increasing leveraging virtual power plant (VPP) models, focus on increasing prioritizing fast-track grid interconnection frameworks and focus on integrated increasing smart home energy solutions.
To take advantage of the opportunities, the analyst recommends the utilities companies to focus on grid automation and intelligent control systems, focus on smart water metering and AMI deployment, focus on virtual power plants integrated with EV charging networks, focus on fast-track grid interconnection systems, focus on integrated smart home energy management platforms, focus on expanding natural gas distribution infrastructure, focus on expanding private utility operations and smart infrastructure, expand in emerging markets, continue to focus on developed markets, focus on expanding digital and decentralized distribution networks, focus on flexible and consumption-based pricing models, focus on promoting reliability, sustainability and infrastructure modernization, focus on variable billing and smart consumption management.
This product will be delivered within 3-5 business days.
Executive Summary
Utilities Global Market Opportunities And Strategies To 2035 provides the strategists; marketers and senior management with the critical information they need to assess the global utilities market as it emerges from the COVID-19 shut down.Reasons to Purchase
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Description
Where is the largest and fastest-growing market for utilities? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The utilities market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider utilities; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segments, key products, supply chain and market attractiveness scoring and analysis.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future technologies and developments in the market.
- Growth Analysis And Strategic Analysis Framework Analysis on PESTEL, end use industries, market growth rate, global historic (2020-2025) and forecast (2025-2030, 2035F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Regional And Country Analysis - Historic (2020-2025) and forecast (2025-2030, 2035F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2020-2025) (2025-2030, 2035F) and analysis for each segment by type, by operator type and by pricing in the market. Historic (2020-2025) and forecast (2025-2030) and (2030-2035) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2025), historic (2020-2025) and forecast (2025-2030, 2035F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Recent Developments Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations - This section includes recommendations for utilities providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
1) By Type: Casino; Water And Sewage; Natural Gas Distribution; Electric Power Generation, Transmission And Distribution
2) By Operator Type: Public Operator; Private Operator
3) By Pricing: Fixed Billing; Variable Billing
Companies Mentioned: State Grid Corporation of China; State Power Investment Corporation; Engie S.A.; E.ON SE; EDF Energy
Countries: China; Germany; Japan; United Kingdom; France; India; United States; Canada; South Korea; Brazil; Australia; Russia; Spain; Italy; Netherlands; Switzerland; Belgium; Argentina; United Arab Emirates; Thailand; Austria; Poland; Israel; Hong Kong; Singapore; Philippines; Turkey; Ireland; Malaysia; Vietnam; Bangladesh; South Africa; Norway; Colombia; Denmark; Nigeria; Chile; Mexico; Sweden; Peru; Portugal; New Zealand; Czech Republic; Finland; Ukraine; Romania; Taiwan; Indonesia; Saudi Arabia; Iran; Egypt
Regions: Asia-Pacific; Western Europe; South East Asia; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; utilities indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- State Grid Corporation of China
- State Power Investment Corporation
- Engie S.A.
- E.ON SE
- EDF Energy
- Enel SpA
- Iberdrola S.A.
- Tokyo Electric Power Company
- National Grid
- Duke Energy Corp.
- China Datang Corporation
- China Three Gorges Corporation
- China Resources Gas Group
- China Southern Power Grid Company
- China Water Affairs Group
- China Huadian Group Corporation
- China Guodian Corporation
- China Huaneng Group
- Osaka Gas
- Tokyo Gas
- Tohoku Electric Power Co
- Korea Gas Corporation
- TotalEnergies
- Korea South-East Power (KOEN)
- SK Innovation E&S
- Taiwan Power Company (Taipower)
- JERA Energy Taiwan Co., Ltd.
- ECOVE
- Veolia Environnement S.A.
- Uniper SE
- PT PLN (Persero)
- Tenaga Nasional Berhad (TNB)
- Sembcorp Industries
- ACEN Corporation
- Malakoff Corporation
- Pacific Gas & Electric (PG&E)
- Exelon Corporation
- NextEra Energy
- Dominion Energy Inc.
- Public Service Enterprise Group (PSEG)
- Xcel Energy
- Delaware City Water System
- ENMAX Corporation
- Hydro-Quebec
- TransAlta Corporation
- Enbridge Inc.
- TC Energy Corporation
- Solandeo GmbH
- SSE plc
- Centrica plc
- Fortum Oyj
- Centria Reti Gas
- Red Eléctrica de España
- Suez S.A
- National Grid plc
- Severn Trent plc
- United Utilities Group plc
- Pennon Group plc
- A2A S.p.A
- Terna S.p.A.
- Elia Group
- Naturgy Energy Group S.A
- SAUR Group
- MVV Energie AG
- Hera S.p.A
- CPFL Energia
- AES Corporation
- Neoenergia S.A
- Eletrobras
- Gazprom Energoholding
- Novatek
- Renalfa Power Clusters
- ČEZ Group
- Polska Grupa Energetyczna
- Enea S.A
- Nuclearelectrica
- Electrica S.A
- RusHydro
- Etihad Water and Electricity
- Israel Electric Corporation
- Saudi Electricity Company (Saudi Arabia)
- Qatar General Electricity & Water Corporation (KAHRAMAA)
- Veolia Middle East
- Siemens AG
- Schneider Electric SE
- Oracle Corporation
- ALT Capital Partners
