The company also owns the nation’s largest electricity transmission system, spanning over a 39,000 mile network which includes 765 kilovolt ultra-high voltage transmission lines this is more than all other U.S.

It is also considered one of the largest generators of electricity in the nation, owing to its generation capacity of 38,000 MWs. Headquartered in Columbus, Ohio, American Electric Power (NYSE:AEP) is one of the biggest investor-owned electric utility companies by revenue in the United States, offering its services to more than five million customers in over 11 states. Biggest Utility Companies in the World 10. However, in this list, we shall only be going through the 10 biggest utilities companies in the world, by their respective market cap. Some of the most well-known utility companies in the world include NextEra Energy (NYSE:NEE), Reliance Industries Limited (NSE: RELIANCE) and Shell plc (NYSE:SHEL). Story continues The Future of Utilities SectorĪ study conducted by the Massachusetts Institute of Technology conducted an in-depth analysis into the future of the utilities sector and concluded that as the world moves towards a low-carbon future, companies which choose to compete within the accompanying transition changes hold the highest chances of profitability. Moreover, the review states that this might be owing to the fact that China leads the world in energy consumption, consuming up to 7779.1 terawatt hours. The State Grid Corporation of China is the largest utilities company in the world by revenue, and second largest company by revenue overall, right behind Walmart. The report further noted that there has been an emergence of new markets and applications, which drove the global utility sector to its largest fiscal year on record in 2018.Īccording to the BP Statistical Review of World Energy 2021, the utilities sector is dominated by China, which leads the world in energy generation, followed by the United States. The research firm, in a report from 2019, has estimated the increase of energy storage systems 1242.1MWs of new capacity. The sector is steadily emerging as one of the more lucrative investment opportunities, with the IEA (International Energy Agency) estimating that a whopping $7.2 trillion will be invested into the sector in the decade leading up to 2025, conclusively lending a stable financial shape to the utility sector.Īccording to a report by Bloomberg, Navigant Research has forecasted that within the next decade, ten countries will emerge as the leading players in the global utilities-scale sector, namely the United States, China, Germany, the United Kingdom, France, Australia, India, South Korea, Brazil and Japan, accounting for more than 80% of the global market. Electricity has superseded all other kinds of energy with value pools rising a brisk 4 percent a year, or €235 billion, in the decade leading up to 2025.

If you want to skip our detailed analysis of the utility sector, go directly to the 5 Biggest Utility Companies in the World.Īccording to a 2018 report by McKinsey and Company, the demand for utilities is at an all-time high and is growing to unprecedented levels. In this article, we discuss the 10 biggest utility companies in the world.

Power utility companies