Not only an investment but also the greatest wealth a person can have.
Fun Fact: The world has more than 3 million kilometres of pipeline that provides utility services for residential, commercial, industrial, and government customers.
The utilities industry refers to the companies that provide basic housing requirements such as electricity, dams, water, sewage services, natural gas, etc. Demand for utility services remains constant. Therefore, Utility stocks are generally thought of as safe and lower-risk investment options; nevertheless, some deliver competitive returns while some do not.
Investments in clean energy sources shape the future of the utility sector, and the global market size is forecasted to reach over USD 5.5 trillion by 2025. Therefore, significant growth is expected for the industry during the 2020s.