The utilities industry is one of the largest and fastest growing industries in the world. The term utilities refers to electricity, natural gas, water and sewerage services consumed by the public, hospitals, schools and other institutions, agriculture, factories and commercial establishments.
The top five companies covered are Électricité de France, Enel, Engie, Iberdrola and Exelon. Électricité de France was the largest company in the market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global utilities market is valued at nearly $4 trillion in 2017. Asia Pacific was the largest region in the utilities market in 2017, accounting for around 40% market share. China was the largest country in the utilities market in 2017, accounting for around 18% market share.
Electric power generation companies are increasingly using batteries to store solar energy during daylight hours. These energy-storage sites consist of large lithium-ion batteries. These batteries store enough energy to serve as a back-up in case of fuel shortages. They are designed to absorb solar power and feed it back to the grid. These systems minimize the need for capital intensive power generation plants, thereby enhancing transmission and distribution efficiencies and thus reduce operational costs.
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