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
Electricity Trading Market size is expected to reach USD 212 billion by the end of 2037, growing at a CAGR 7.77% during the forecast period i.e., between 2024-2037. In the year 2024, the industry size of electricity trading was USD 81.89 billion. To cope with the growing urbanization of the world, cities are becoming increasingly strained. expanding populations. In addition to the other issues, cities are dealing with a lack of resources. Widespread blackouts, insufficient water supplies, poor government services, and a costly one. The cost of living, inadequate public transport, frequent traffic jams, and pollution. diminishing natural resources. To meet the specific challenges of urbanization, a framework called "SmartCities" brings together cutting-edge city planning, business plans, energy, and transport management as well as new technology. In 60 cities in India, the Smart Cities Mission is currently working on 160 initiatives aimed at providing solutions for resource efficiency.
By protecting consumers from price manipulation, fostering the development of renewable energy sources and encouraging their use, government regulations on energy efficiency are leading to electricity trading. The aim of these regulations is to develop a more cost effective and effective approach, which will benefit both producers and consumers. In addition, electricity exchanges are facilitating the distribution of renewables in a wider geographic area leading to improved utilisation and lower greenhouse gas emissions.
Author Credits: Dhruv Bhatia
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