Electricity Retailing Market by Application and Geography - Forecast and Analysis 2021-2025

The electricity retailing market has the potential to grow by USD 400.20 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.05%.

This electricity retailing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (industrial, commercial, residential, and others) and geography (APAC, Europe, North America, South America, and MEA). The electricity retailing market report also offers information on several market vendors, including AGL Energy Ltd., Centrica Plc, and China Huadian Corporation LTD., among others.

What will the Electricity Retailing Market Size be in 2021?

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Electricity Retailing Market: Key Drivers and Trends

The growing popularity of EVS is notably driving the electricity retailing market growth, although factors such as state-owned monopolistic power supply network in emerging markets may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the electricity retailing industry get your FREE report sample now.

Factors such as rising awareness about climate change and pollution and strict government policies related to harmful vehicle emissions have boosted the popularity of electric vehicles (EVs).  The increasing adoption of EVs will help in reducing the dependency on fossil fuels and minimizing vehicle emissions.  High fuel taxes, strict emission standards, and favorable government policies are supporting the growth of the EV industry in Europe and China.  With an increasing demand for EVs, the need for charging stations will also grow. Several power companies, including Meridian Energy Ltd., Nova Energy Ltd., and Flick Electric Co., are offering special charging solutions for EVs. This will create new growth opportunities for the vendors in the retail electricity market.

Technological advances and innovations among market players is one of the critical electricity retailing market trends gaining traction. The electricity retailing market is recording various technological developments and innovations.  The development of digital technologies has also helped energy and water retailers to improve their customer engagement.  The popularity of smart meter infrastructure, localized energy generation, and electricity production from renewable sources of energy is growing among end-users.  Companies are adopting new business models such as the aggregation of customer-sited generation and energy storage.

This electricity retailing market analysis report also provides detailed information on upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Electricity Retailing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• AGL Energy Ltd.
• Centrica Plc
• China Huadian Corporation LTD. (CHD)
• Duke Energy Corp.
• Electricite de France SA
• Enel Spa
• ENGIE SA
• Keppel Electric Pte. Ltd.
• Korea Electric Power Corp.
• Tata Power Co. Ltd.

 

The electricity retailing market is fragmented and the vendors are deploying growth strategies such as technological innovations to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the electricity retailing market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Electricity Retailing Market?

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71% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the electricity retailing market in APAC. Market growth in this region will be faster than the growth of the market in regions.

Rising investments in the energy sector and increasing electrification will facilitate the electricity retailing market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Electricity Retailing Market?

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Stringent regulations imposed to reduce carbon emissions, the rising adoption of renewable sources for electricity generation, and favorable government policies will boost the demand for electricity retailing in industrial applications. However, the post COVID-19 impact has brought forth a slowdown in the industrial segment. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the electricity retailing market size.

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What are the Key Factors Covered in this Electricity Retailing Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive electricity retailing market growth during the next five years
• Precise estimation of the electricity retailing market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the electricity retailing industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of electricity retailing market vendors

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Electricity Retailing Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 3%
Market growth 2021-2025	$ 400.20 billion
Market structure	Fragmented
YoY growth (%)	2.68
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 71%
Key consumer countries	China, US, India, Japan, and Russian Federation
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	AGL Energy Ltd., Centrica Plc, China Huadian Corporation LTD. (CHD), Duke Energy Corp., Electricite de France SA, Enel Spa, ENGIE SA, Keppel Electric Pte. Ltd., Korea Electric Power Corp., and Tata Power Co. Ltd.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.