Private Equity Sector Brief: Utility Services
Utility services deliver energy (electricity and gas), water and communications to homes, businesses and other institutions through regulated, capital-intensive infrastructure.
The utility service market is in a sustained investment cycle due to growing demand and service expectations, while large portions of core infrastructure continue to age.
- Total market: $14 billion in 2026, projected to exceed $282.8 billion by 2030 (7.2% compound annual growth rate (CAGR)).
- Segment outlook: Electricity has the largest 2026 spend pool at roughly $90.8 billion; water and wastewater is the next largest at about $70.1 billion, reflecting the scale of ongoing grid and water system renewal efforts.
- Funding: Federal infrastructure authorizations (IIJA), grant programs, revolving loan programs, alongside SRFs, provide long-duration capital visibility.
Access the full report to understand the market drivers, opportunities and ways private equity can invest in the space.
