Press release
Retail Electricity Global Market 2024 Industry Trends and Strategic Forecast
Retail Electricity
As per the report, the retail electricity market size has grown rapidly in recent years. It will grow from $46.08 billion in 2023 to $53.2 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The retail electricity market size is expected to see rapid growth in the next few years. It will grow to $94.87 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%.
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What Is Driving The Growth Of The Global Retail Electricity Market?
Electric Vehicle Driving Forces Behind The Retail Electricity Market Growth
A surge in demand for electric vehicles (EVs) is expected to propel the growth of the retail electricity market going forward. An electric vehicle is a type of vehicle that is powered by one or more electric motors and uses energy stored in rechargeable batteries. The surge in demand for electric vehicles (EVs) is growing with environmental awareness, incentivized government policies promoting cleaner transportation alternatives, and advancements in EV technology leading to longer ranges and faster charging times. Retail electricity is essential for meeting electric vehicles (EVs) charging needs, whether through residential charging points or public charging stations, supporting the transition to sustainable transportation.
What Is The Key Trend In The Global Retail Electricity Market?
AI-Powered Smart Assistant For Home Energy Optimization
Major companies operating in the retail electricity market are focusing on personalized energy monitoring assistants, such as the connected energy solution, to enhance consumer engagement and optimize energy usage. Connected energy solutions optimize retail energy consumption, enhance grid reliability, and improve customer engagement through real-time data and advanced analytics.
How Is The Global Retail Electricity Market Segmented?
The retail electricity market covered in this report is segmented -
1) By Customer Type: Regulated Customers, Deregulated Customers
2) By Energy Sources: Conventional Energy, Renewable Energy
3) By Application: Energy Efficiency Solutions, Demand Response Programs, Smart Home Technologies
4) By End User: Residential, Commercial, Industrial
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How Is The Competitive Landscape Of The Global Retail Electricity Market?
Major companies operating in the retail electricity market are Electricité de France SA (EDF), Enel SpA, E.ON SE, Engie SA, EnBW Energie Baden-Württemberg AG, Iberdrola S.A., Tokyo Electric Power Company Holdings Inc, RWE AG, NRG Energy Inc, Southern Company, Duke Energy Corporation, National Grid plc, Constellation Energy Resources LLC, Pacific Gas and Electric Company (PG&E), American Electric Power Company Inc, DTE Energy Company, Exelon Corporation, Xcel Energy Inc, Dominion Energy Inc, Entergy Corporation, CLP Holdings Limited, AES Corporation, Origin Energy Limited, Ameren Corporation, PPL Corporation, Emera Incorporated, Hydro One Inc, OGE Energy Corporation, Enersource Corporation
Contents Of The Global Retail Electricity Market
1. Executive Summary
2. Retail Electricity Market Report Structure
3. Retail Electricity Market Trends And Strategies
4. Retail Electricity Market - Macro Economic Scenario
5. Retail Electricity Market Size And Growth
…..
27. Retail Electricity Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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