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Electric Power Transmission in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Electric Power Transmission Market Research Report | NAICS 22112 | May 2016

Green bill: Renewable energy investment will improve industry revenue

IBISWorld’s Electric Power Transmission market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$396bn
Annual Growth 11-16
0.2%
Annual Growth 16-21
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Profit
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Employment
365,270
Businesses
1,244
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 - Industry Investment Chapter

The Electric Power Transmission industry is highly capital intensive, similar to the overall utilities sector. This is due to the high cost of transmission infrastructure, including poles, wires, cables, power transformers, substations and meters. In addition, utilities require various computer systems to operate and monitor the power grid. On the other hand, utilities also rely heavily on skilled labor from electricians and engineers, which results in relatively high wages. Nonetheless, capital investments have significantly outpaced wages over the past five years due to government incentives for infrastructure.

Public utility commissions typically grant higher rate increases to utilities that invest in infrastructure... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Electric Power Transmission Industry?

This industry transmits and distributes electricity from power generators to distribution centers, other electric utilities and final consumers. The transmission system includes lines and transformer stations, while the distribution system consists of lines, poles, meters and wiring that deliver the electricity to final consumers. This industry does not generate electricity.

Industry Products
Coal-generated electricityNatural gas-generated electricityNuclear-generated electricityHydroelectricityWind-generated electricityOther renewable electricityPetroleum-generated electricity
 
Industry Activities
Electric bulk power transmission and controlElectric power distributionWholesale electricity brokering and marketing


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