Industry Analysis & Industry Trends
The Electric Power Transmission industry stagnated over the past five years due to lower per capita energy consumption and weak price growth. However, the adoption of smart grid technology has bolstered grid reliability and lowered operating costs, resulting in improved profit margins. In the next five years, businesses and factories will expand operations and bolster electricity consumption. Additonally, PUCs are expected to grant rate increases for renewable energy transmission investments. As a result, revenue will grow and profitability will improve... 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 companies that fail to find skilled employees will have difficulty managing electricity demand and grid reliability... purchase to read more