Market Size of Electricity Retailing Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 547.04 Billion |
| Market Size (2029) | USD 704.85 Billion |
| CAGR (2024 - 2029) | 5.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Market Overview
The Electricity Retailing Market size is estimated at USD 547.04 billion in 2024, and is expected to reach USD 704.85 billion by 2029, growing at a CAGR of 5.20% during the forecast period (2024-2029).
- Over the medium period, the increase in the demand for electricity and the rising adoption of electric vehicles is expected to drive the market in the forecast period.
- On the other hand, new sources of distributed electricity generation are expected to restrain the market's growth.
- Nevertheless, advancements in the technology of the electricity retail market, like advanced meter and the requirement of power in the sub-Saharan Africa region, is expected to create opportunity for the market in the forecast period.
- Asia-Pacific is expected to dominate the market in the forecast period owing to the highest demand for electricity consumption in 2022.
Scope of the Report
Electricity retailing is the final sale of electricity from generation to the end-use consumer. This is the fourth major step in electricity delivery, including generation, transmission, and distribution.
The electricity retailing market is segmented by end-user and geography (North America, Europe, Asia-Pacific, South America, and Middle-East & Africa). By end-user, the market is segmented into residential, commercial, and industrial. The report also covers the market size and forecasts for the electricity retail market across major regions. The market sizing and forecasts have been done for each segment based on revenue (USD).
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Electricity Retailing Market Size Summary
The electricity retailing market is poised for significant growth over the forecast period, driven by increasing electricity demand and the rising adoption of electric vehicles. However, the emergence of new distributed electricity generation sources poses a challenge to market expansion. Technological advancements, such as smart meters, and the growing need for power in regions like sub-Saharan Africa, present opportunities for market development. The Asia-Pacific region is expected to lead the market due to its substantial electricity consumption and ongoing industrialization, which is attracting investments in modern electricity retailing technologies.
In the United States, the residential sector plays a crucial role in electricity retailing, with smart meters enhancing service reliability and enabling consumers to manage their energy use more effectively. The global market is moderately fragmented, with key players like Engie SA, AGL Energy Ltd., and Duke Energy Corporation actively participating. Recent developments, such as Adani Power's electricity supply to Bangladesh and Enel North America's expansion into the US retail energy market, highlight the dynamic nature of the industry. These trends underscore the market's potential for growth and the strategic initiatives undertaken by major companies to capitalize on emerging opportunities.
Electricity Retailing Market Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.1.1 Increase in the Demand for Electricity
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1.5.1.2 Rising Adoption of Electric Vehicles
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1.5.2 Restraints
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1.5.2.1 New Sources of Distributed Electricity Generation
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 End-User
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2.1.1 Residential
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2.1.2 Commercial
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2.1.3 Industrial
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States of America
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2.2.1.2 Canada
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2.2.1.3 Rest of the North America
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2.2.2 Europe
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2.2.2.1 United Kingdom
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2.2.2.2 France
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2.2.2.3 Italy
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2.2.2.4 Germany
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2.2.2.5 Rest of the Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 India
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2.2.3.3 Japan
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2.2.3.4 South Korea
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2.2.3.5 Rest of the Asia-Pacific
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of the South America
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2.2.5 Middle-East & Africa
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2.2.5.1 United Arab Emirates
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2.2.5.2 Saudi Arabia
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2.2.5.3 Rest of the Middle-East & Africa
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Electricity Retailing Market Market Size FAQs
How big is the Electricity Retailing Market ?
The Electricity Retailing Market size is expected to reach USD 547.04 billion in 2024 and grow at a CAGR of 5.20% to reach USD 704.85 billion by 2029.
What is the current Electricity Retailing Market size?
In 2024, the Electricity Retailing Market size is expected to reach USD 547.04 billion.
