07 November 2019
Electricity Retailing Market Report 2020-2030: Forecasts by Application (Commercial, Residential, Industrial), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) and analysis of leading companies operating in this industry.
Factors such as increased knowledge of climate change and pollution and rigid public practices linked to damaging emissions from cars have increased the acceptance of electric vehicles (EVs). The growing implementation of EVs will assist to reduce fossil fuel dependence and reduce vehicle emissions. High tariffs on gasoline, stringent emission standards and favourable public measures support the development of the European and Chinese EV sector. The need for charging facilities will also increase with growing supply for EVs.
Several power companies offer unique storage alternatives for EVs, including Meridian Energy Ltd., Nova Energy Ltd., and Flick Electric Co. In the retail electricity market, this will generate fresh development possibilities for suppliers. The increasing importance of EVs is therefore one of the major variables driving the development of the retail industry in electricity.
The retail sector for electricity records numerous technological trends and inventions. For example, packaged house facilities provided by Trust power Ltd. enable clients to settle charges together at affordable prices for natural gas, mobile, energy, and internet. Similarly, OVO created a bi-directional charger that offers the choice of discharging and selling additional electricity home to the grid from EV batteries. Digital technology advancement has also helped distributors of energy and water to enhance their customer engagement.
In addition, the prevalence among end-users of smart meter facilities, localized energy generation, and renewable energy electricity generating is increasing. Companies also adopt fresh business models such as customer-sited grid aggregation and energy storage. As a result, industry participants ' technological developments and inventions will be one of the key market trends in retailing electricity over the forecast period. The pattern will lead over the forecast period to the development of the electricity retail industry at a CAGR of nearly 3%.
The worldwide retail industry for electricity is divided. This study provides an assessment of the dynamic landscape of the industry and provides data on the products provided by different businesses to assist customers enhance their business roles.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 207 336 6100.
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
The global offshore wind power market was valued at US$30.54 billion in 2021 and is projected to grow at a CAGR of 14.7% during the forecast period 2022-2032.
19 May 2022
The global carbon capture and storage market was valued at US$2,697 million in 2021 and is projected to grow at a CAGR of 7.7% during the forecast period 2022-2032.
12 May 2022
The global digital oilfield market was valued at US$24087 million in 2021 and is projected to grow at a CAGR of 9.0% during the forecast period 2022-2032.
27 April 2022
Tire-derived fuels are in demand from end-use sectors such as cement, paper & pulp, and a variety of others due to their high energy profile.