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Electric Utilities in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 351 June 2024 Spotlight Report

Revenue

€3.2tr

2019-2024 7.1 %
2024-2029 X.X %

Employees

2m

2019-2024 1.6 %
2024-2029 X.X %

Businesses

112k

2019-2024 0.9 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Electric Utilities in Europe industry analysis

The electricity delivery process has experienced a major shift in recent years, driven by a push to reduce emissions. Governments across Europe are actively moving away from conventional sources of electricity generation, leading to a decline in the continent's dependency on fossil fuels. In 2022, nearly 40% of electricity generated in the EU came from renewable sources, compared with 25% in 2012. The rise of renewables has spurred an influx of renewable generators and necessitated increased investment in electricity networks. This has lifted revenue for transmission and distribution network operators.

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  • Market estimates from 2014-2029
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Industry Statistics and Trends

Electric Utilities in Europe key trends

The energy crisis has shaken the industry.

 

Russian aggression in Ukraine rocketed gas prices in 2022, causing a spike in wholesale electricity prices and impacting revenue and profitability across the energy value chain.

Europe is shifting towards renewable energy sources.

 

Efforts across Europe to push for net-zero carbon emissions have spurred significant changes in dynamics in the industry.

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Electric Utilities in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Electric Utilities in Europe market size (2019-2024)

Industry revenue has grown at a CAGR of 7.1 % over the past five years, to reach an estimated €3.2tr in 2024.

Trends and Insights

Europe’s net-zero goals have spurred a shift in the electricity delivery process

  • Across Europe, governments are seeking to move away from conventional sources of electricity generation, with significant growth in wind and solar generating capacity driving a decline in the continent’s reliance on fossil fuel.

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Electric Utilities in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Decarbonisation objectives will continue to shape the industry’s development

  • The industry will continue to be characterised by a shift to renewables in the coming years, with government support for a cleaner energy system spurring an ongoing influx of renewable generators.

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Revenue

€3.2tr

2019-2024 7.1 %
2024-2029 X.X %

Employees

2m

2019-2024 1.6 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 1.6 % *
  • Job Growth

Top 5 Countries

  1. Portugal +18.6%
  2. Cyprus +14.5%
  3. Estonia +10.3%
  4. Lithuania +7.5%
  5. Finland +7.4%

Bottom 5 Countries

  1. Malta -4.8%
  2. Italy -1.7%
  3. Luxembourg -1.2%
  4. France -0.8%
  5. Ukraine -0.6%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Electric Utilities in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Enel SpA
20,535.6
5,562.8
27.1
E.ON SE
102,217.3
5,622.0
5.5
Uniper SE
195,044.7
3,546.3
1.8

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Electric Utilities in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Electric Utilities industry in Europe in 2024?

The market size of the Electric Utilities industry in Europe is €3.2tr in 2024.

How many businesses are there in the Electric Utilities in Europe industry in 2024?

There are 112k businesses in the Electric Utilities industry in Europe, which has declined at a CAGR of 0.9 % between 2019 and 2024.

Has the Electric Utilities industry in Europe grown or declined over the past 5 years?

The market size of the Electric Utilities industry in Europe has been growing at a CAGR of 7.1 % between 2019 and 2024.

What is the forecast growth of the Electric Utilities industry in Europe over the next 5 years?

Over the next five years, the Electric Utilities industry in Europe is expected to grow.

What does the Electric Utilities in Europe include?

Electricity production and Electricity transmission are part of the Electric Utilities industry.

Which countries have the most businesses in the Electric Utilities industry in Europe?

The European country with the most businesses in the Electric Utilities industry is France.

How competitive is the Electric Utilities industry in Europe?

The level of competition is moderate and increasing in the Electric Utilities industry in Europe.

Related Industries

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Table of Contents

About this industry

Industry definition

The industry generates electric power and is responsible for its transmission from generating facilities to distribution centres, which deliver electricity to end users.

Related Terms

Electricity TransmissionElectricity DistributionWholesale Electricity Prices

What's included in this industry?

Electricity productionElectricity transmissionElectricity distributionElectricity supply

Companies

Enel SpAE.ON SEUniper SE

Industry Code

ISIC 2006

351 - Electric power generation, transmission and distribution in Europe

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Performance

Key Takeaways

Europe’s net-zero goals have spurred a shift in the electricity delivery process

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Revenue Highlights

Trends
  • Revenue
  • Current Year Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Electric Utilities in Europe industry (2011 -2029)
  • Employees in the Electric Utilities in Europe industry (2011 -2029)
  • Business in the Electric Utilities in Europe industry (2011 -2029)
  • Profit in the Electric Utilities in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Electric Utilities in Europe industry?


Outlook

Analysis

What's driving the Electric Utilities in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Electric Utilities in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Electric Utilities in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Decarbonisation objectives have spurred a major shift among electricity producers. Electricity generation has increasingly shifted towards renewables as European governments pursue net-zero goals.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Electric Utilities in Europe industry's products and services performing?

Analysis

What are innovations in the Electric Utilities in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Electric Utilities in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Importer
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Market concentration varies throughout the electricity value chain. Efforts to promote competition and the shift to renewables have decreased competition in electricity supply and generation, though distribution and transmission remain dominated by a small number of highly regulated companies.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 8 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Enel SpA
  • Countries of operation for E.ON SE
  • Countries of operation for Uniper SE
  • Countries of operation for RWE AG
  • Countries of operation for Iberdola SA
  • Countries of operation for EnBW Energie Baden-Württemberg AG
  • Countries of operation for National Grid plc
  • Countries of operation for Eni SpA

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

European utilities are highly regulated to protect consumers and promote sustainability. Mandates on renewable energy, emissions reductions, and consumer protections ensure a balance between environmental goals and market stability.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Electric Utilities in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Soaring prices have had a mixed impact on profitability. Suppliers have had to shoulder whole price increases since the start of the energy crisis, while renewable generators have collected higher profits from electricity sold to the wholesale market.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Electric Utilities in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

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