PUBLISHER: MarketLine | PRODUCT CODE: 1800094
PUBLISHER: MarketLine | PRODUCT CODE: 1800094
Global Electricity Retailing industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume , and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The electricity retailing market includes net consumption of electricity by end-users. By end-use, the market is segmented into industrial, transportation, commercial & public services, residential, and others. The scope of others includes agriculture, forestry, and the fishing industry's net electricity consumption.
The market volume is calculated as the net volume of electricity consumed in terawatt hours (TWh), and the market value has been calculated according to average annual retail electricity prices per kilowatt hour (kWh), including applicable taxes and levies. Please note that 1 TWh is identical to 1,000 gigawatt hours (GWh), or 1 billion kilowatt hours (kWh). A kilowatt-hour is defined as the expenditure of one kilowatt over one hour.
Market shares are calculated based on total retail sales to end-users across all segments.
All market data and forecasts are based on nominal prices and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates. The USD values may show a declining trend for few countries such as Argentina, Turkey, Nigeria, Egypt, and Russia. This is primarily because of the impact of exchange rates considered.
The global electricity retailing market recorded revenues of $3,014.8 billion in 2024, representing a compound annual growth rate (CAGR) of 2.0% between 2019 and 2024.
Market consumption volume increased with a CAGR of 2.5% between 2019 and 2024, reaching a total of 25,499.0 TWh in 2024.
The growth of the global electricity retailing market is driven by the expansion of data center infrastructure. For instance, in October 2024, Equinix, a global digital infrastructure company, launched its second International Business Exchange (IBX) data center, named IL4, in Istanbul, Turkey. Such expansion in digital infrastructure increased power demand year-round, supporting market growth.