“The pattern will lead over the forecast period to the development of the electricity retail industry at a CAGR of nearly 3%”, says Visiongain

07 November 2019
Energy

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 sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
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.

Recent News

Visiongain Publishes Oil & Gas Pipeline Leak Detection Market Report 2021-2031

The COVID-19 crisis has dramatically affected oil and gas production and demand, leaving no midstream markets untouched as drilling screeched to a halt, pipeline projects were sidelined and global storage neared capacity in a stark reversal of trends at the start of 2020.

25 November 2020

Read

Visiongain Publishes Chemical Enhanced Oil Recovery (EOR) Market Report 2020-2030

Increasing oil consumption, high recovery rates through successful implementation of CEOR, coupled with high cost of new exploration is expected to drive the implementation of CEOR over the coming years.

22 October 2020

Read

Visiongain Publishes Carbon Capture, Transportation & Storage Market Report 2021-2031

Visiongain expects that various public support mechanisms will remain the principal driver throughout the forecast period. Estimates for the cost of CCS range between research papers as well as between capture technologies and plant characteristics.

02 October 2020

Read

Visiongain Publishes Coal Tar Market Report 2020-2030

Supply gap due to production halt brought about by COVID-19 pandemic is expected restrict sales growth. However, the rising demand for coal tar products from the healthcare sector is expected to stabilize market growth during the forecast period.

25 September 2020

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever