Electricity Trading Market Segmentation by Type (Day-ahead Trading and Intraday Trading); By Application (Industrial, Commercial, Residential, and Others) - Global Demand Analysis and Opportunity Outlook 2020-2029
Buy Now Report ID: 2977 | Published Date: Feb 13, 2023
Our in-depth analysis of the global electricity trading market includes the following segments:
By Type
By Application
Growth Drivers
Challenges
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the increasing adoption of renewable energy and the rising demand for the energy storage systems for maintaining the balance between supply and demand of electricity to the grid facilitate the electricity trading market growth in Asia Pacific region over the forecast period. According to the China Electricity Council, from January–April, 2019, consumption of electricity in China surpassed 2.23 trillion kWh, reflecting a 5.6% year-on-year increase. Electricity consumption for the month of April 2019 amounted to 553.4 billion kWh — a year-on-year increase of 5.8%.
The global electricity trading market is further classified on the basis of region as follows:
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Payel Roy, Dhruv Bhatia
Ans: Rising adoption of energy storage systems and the irregular nature of electricity generated from the renewable energy sources resulting in the increasing demand of electricity trading are the key factors driving market growth.
Ans: The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2020-2029.
Ans: Self-generation of electricity and growth in adoption of microgrids are estimated to hamper market growth.
Ans: The market in Asia Pacific region will provide ample growth opportunities owing to the increasing adoption of renewable energy and the rising demand for the energy storage systems.
Ans: The major players dominating the electricity trading market are Danske Commodities, Energy Trading Company, European Energy Exchange AG, The Indian Energy Exchange, Next Kraftwerke GmbH, and Statkraft AS, Japan Electric Power Exchange among others.
Ans: The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by type, and region.
Ans: With respect to type, the day ahead trading segment is anticipated to grab the largest share by the end of 2020 on account of enhanced market efficiency, environmental benefits, better risk management,
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