Power and Water - Top 10 Largest Utility Companies in the World

E D I T O R ‘ S N O T E
Whether it’s
powering large
enterprises or little
mobile phones,
electricity has become an
essential element of our daily
lives. In fact, there has never
been such a high degree
of demand for utilities as
there is now, according to a
2018 analysis by McKinsey
& Company. Up to 2025, the
value of electricity is expected
to rise by 4% per year, or
€235 billion. According to the
International Energy Agency,
$7.2 trillion will be spent in
the industry between now
and 2025, ensuring the utility
sector’s long-term stability.
This comes as no surprise as
individual homes are supplied
with electricity via the grid
system by a variety of utility
companies. The expenses of
constructing such a system
are mind-boggling. Some
countries in the developing
world are experiencing power
shortages because they can’t
afford to invest in the necessary
infrastructure. As a result of this
huge infrastructure, millions
of families have access to
electricity throughout the
industrialized world. That the
utilities in these countries are
among of the largest in the
world is not surprising.
Top 10 Largest
Utility Companies in
the World
the United States are the world’s top energy producers. China’s
State Grid Corporation is the world’s biggest utility firm and the
second-largest firm overall in terms of sales, after only Walmart.
In addition, the assessment notes that China is the world’s largest
consumer of energy, using 7779.1 terawatt hours each year.
Corporations like NextEra Energy, Reliance Industries Limited
(NSE:RELIANCE), and Shell plc (NYSE:SHEL) are also some of
the world’s best-known utility companies.
Utilities firms who choose to compete in a low-carbon future have
the best chance of profitability, according to an extensive research
undertaken by the Massachusetts Institute of Technology (MIT)
on the utility sector’s future.
As reported by the BP
Statistical Review of World
Energy in 2021, China and
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