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. Additionally, in the commercial sector, many businesses closed, dragging down demand for power. However, the adoption of smart grid technology has bolstered grid reliability and lowered operating costs, resulting in improved profit margins. In the five years to 2019, businesses and factories will resume operations and bolster electricity consumption. Electricity prices are also anticipated to grow as some utilities receive permission to set competitive retail rates, which will benefit revenue... 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