Statistics
Energy Industry World-wide
The energy & utilities market globally is expected to decline from USD $4558 billion in 2019 to USD $4517 billion in 2020 at a compound annual growth rate (CAGR) of -1%. The decline is mainly due to economic slowdown across countries due to the COVID-19 outbreak and the measures to contain it.
The market is again expected to recover and grow at a CAGR of 6% from 2021 and reach USD $5354 billion in 2023.
Asia Pacific leads the global utilities market, with 40% of the market share in 2019. Western Europe comes second with 24% of the global utilities market share. Africa comes last in the global utilities market share.