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Electric Distribution Utility Market Share

Report ID: GMI12047
Published Date: Oct 2024
Report Format: PDF

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Electric Distribution Utility Market Share

Major players including ABB, Eaton, Hitachi Energy, GE Vernova, Siemens, Schneider Electric, and Mitsubishi Electric, among others, are leveraging smart technologies and diversified energy solutions. The major players account for a significant market share owing to a combination of geographical presence, technological innovations, and strategic positioning. Moreover, the industry landscape encourages collaboration and partnerships, as utilities seek to integrate cutting-edge technologies to improve efficiency and customer service.

Electric Distribution Utility Market Companies

Major players operating in the electric distribution utility industry are:

ABB
ACWA Power
Anchor Electric
China Yangtze Power
Coil Innovation
Duke Energy
Eaton
Enel
Engie
Fuji Electric
GE Vernova
Hitachi Energy
Iberdrola
Kansai Electric Power
Lucy Group
Mitsubishi Electric Corporation
National Grid
Orecco Electric
Schneider Electric
SGC
Siemens
Southern Company

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of electric distribution utility reached USD 379.1 billion in 2023 and is set to grow at a 6.7% CAGR from 2024 to 2032, driven by increasing electricity demand and a global shift towards renewable energy sources.

The residential segment is expected to observe a CAGR of over 7% through 2032, led by the adoption of smart homes and new government regulations.

The U.S. market is poised to cross USD 79.5 billion by 2032, supported by significant investments in renewable energy projects and the modernization of distribution networks.

Major players in the industry include ABB, ACWA Power, Anchor Electric, China Yangtze Power, Coil Innovation, Duke Energy, Eaton, Enel, Engie, Fuji Electric, GE Vernova, Hitachi Energy, and Iberdrola.