Electricity Trading Market TOC
Part 03
Intraday, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
Options, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
Cross Analysis of Type w.r.t. End-Users (USD Million), 2024-2037
Cross Analysis of Type w.r.t. End-User (USD Million), 2024-2037
Cross Analysis of Type w.r.t. End-User (USD Million), 2024-2037
Asia Pacific Market Forecasts
The electricity trading market in the Asia Pacific region is set to hold the largest revenue share of USD 116 billion by the end of the forecast period. China, Vietnam, India and Indonesia are countries in the Asia Pacific region where urbanization and industrialization are taking place rapidly. Considering the movement of people from rural to urban areas the demand for power in the region is also changing. Energy consumption in the APAC region is anticipated to rise by 4.9% annually considering the notable escalation in the use of electricity in residential and industrial sectors. In addition, the demand for market in this region is growing as electric vehicles become more and more popular. For example, the growth of Thailand's electric vehicle industry is a major factor in developing an energy transition plan.
North American Market Statistics
The electricity trading market in the North American region is set to grow substantially registering growth of USD 42.95 billion by the end of 2037. The US Department of Energy announced in October 2023 an initiative to improve state and local participation in wholesale electricity markets with a total value of USD 9 million. The effort of the Wholesale Electricity Market Study and Engagement Programme is aimed at assisting States and Regional Organizations to develop, grow or improve their wholesale electricity markets by providing them with financial and technological support. This type of cooperation is expected to give interested parties an essential perspective on a number of undertakings, such as the construction of interregional transmission infrastructure. Moreover, state and regional energy companies as well as system operators can reduce their electricity costs through participation in wholesale markets which may result in lower customer charges.
Author Credits: Dhruv Bhatia
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