What this market covers
Generation, transmission and sale of electricity to homes, businesses and industry. Buyers are households, commercial users, industrial plants and utilities that buy wholesale supply.
Typical segments
- Power generation
- Transmission
- Distribution
- Retail supply
Why this market is moving now
- World trade grew 76% from 2019 to 2024, a direct read on cross-border demand.
- Austria is gaining ground: its exports rose 200% from 2019 to 2024, the fastest among the ten largest exporters.
Key figures
Global figures for this market, with the year each one describes. Use Cite to copy a reference to this page.
| Figure | Value | Year | Cite |
|---|---|---|---|
| World exports of electric power (HS 271600) were worth $62.73 billion in 2024. | 62.73 USD billion | 2024 | |
| World exports were 76% higher in 2024 than in 2019 ($35.61 billion), calculated from the annual totals. | +76 % since 2019 | 2024 | |
| France was the largest exporter in 2024, with 13% of world exports ($8.27 billion). | 13 % of world exports | 2024 | |
| The three largest exporters, France, Germany and Switzerland, shipped 27% of world exports in 2024. | 27 % of world exports | 2024 | |
| Germany was the largest importer in 2024, buying $7.19 billion, or 11% of world imports. | 11 % of world imports | 2024 | |
| 83 countries exported more than $1 million of this product in 2024. | 83 countries | 2024 | |
| Among the ten largest exporters, Austria grew fastest, with exports up 200% from 2019 to 2024. | +200 % since 2019 | 2024 |
Calculated figures (shares, changes and prices per kilogram) are plain arithmetic on the reported values. Read how we work.
Buyers and suppliers
Who buys
- Households
- Industrial plants
- Commercial building operators
Largest exporting countries, 2024
Largest importing countries, 2024
What the full report covers
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the global market - 03Global market size, 2021 to 2025
Historical series and growth rates - 04Countries and regions
Demand, supply and trade by country and region - 05Outlook to 2031
Base, low and high scenarios with stated assumptions - 06Rules, policy and deadlines
Regulation and programmes that change demand - 07Drivers and barriers
What accelerates or slows adoption, by customer segment - 08Prices, costs and margins
Unit economics where public data allows - 09Competitive landscape
8 to 12 company profiles with recent moves - 10Opportunities and risks
For new entrants, suppliers and investors - 11Method and assumptions
How every figure was built
Included with the full report
- PDF report, 40 to 60 pages
- Excel data pack
- Ready-to-use charts
- Method note and assumptions
- Written to order in 5 working days
Frequently asked questions
How big is the global electric power market?
There is no single official market total. World exports of HS 271600 reached $62.73 billion in 2024, a direct measure of cross-border trade.
Which countries export the most electric power?
France led world exports in 2024 with 13% of the total, followed by Germany, Switzerland and Austria.
Which countries import the most electric power?
Germany was the largest importer in 2024, followed by Italy, Hungary and the United Kingdom.
Is world trade in electric power growing?
World exports were 76% higher in 2024 than in 2019.
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