Industry Analysis & Industry Trends
Industry revenue declined over the past five years, but it is forecast to grow with the ongoing economic recovery. As companies across all industries ramp up their production, demand for electricity will rise. Operators will also benefit from funding provided by public utility commissions for the development of a national smart grid and for the improvement of the electricity grid. Furthermore, after several highly publicized blackouts in the early part of the decade, legislation will encourage utilities companies to invest in new infrastructure... purchase to read more
Industry Report - Starting a New Business Chapter
The Electric Power Transmission industry has high barriers to entry, as there are heavy government regulations regarding electricity utilities. Utilities must abide by regulations on electricity rates and fuel sources. In addition, new utilities must participate in government-mandated regional transmission infrastructure planning meetings. Transmission infrastructure also requires significant capital investments; therefore, capital costs act as another barrier to entry for prospective utilities.
This industry also requires high-skilled workers such as electricians and electrical engineers to manage power grids. Prospective firms that fail to find skilled employees will have difficulty managing electricity demand and grid reliability... purchase to read more