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.
