The Business Research Company’s latest report Utilities Global Market Report 2020 covers Utilities market drivers, Utilities market trends, Utilities market segments, Utilities market growth rate, Utilities market major players, and Utilities market size. The report provides in-depth analysis of the impact of COVID-19 on the Utilities industry, along with revised market numbers due to the effects of the coronavirus.
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Utilities Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global utilities market is expected to decline from $4558.2 billion in 2019 to $4516.9 billion in 2020 at a compound annual growth rate (CAGR) of -1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $5353.9 billion in 2023.
The global utilities market is segmented by type into water and sewage, natural gas distribution, electric power generation, transmission, and distribution, by type of operator into public operator, private operator. Subsegments covered are water supply & irrigation systems, sewage treatment facilities, steam & air-conditioning supply, industrial and commercial natural gas distribution, household natural gas distribution, electric power transmission, control, and distribution, power generation.
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